29 October 2018
Details
NIPPON SHOKUBAI CO., LTD. hereby announces that
NIPPON SHOKUBAI has resolved,
at its board meeting held on 29th October, 2018,
to give approval to the investment plan at NSI.
The plan is to build
Acrylic Acid plant with 100,000 metric tons per year (“T/Y”)
capacity.
Background of the investment
AA, one of NIPPON SHOKUBAI’s core businesses,
shows steady growth of demand as a key material of
* superabsorbent polymer (“SAP”) and
* acrylate (“AES”) etc.
In recent years, the demand and supply balance of AA
is highly tight especially in Asia. To accommodate
the demand and fulfill its duty to supply products,
NIPPON SHOKUBAI has studied further expansion of AA.
As a result of the study, NIPPON SHOKUBAI has concluded
to expand the capacity of NSI, taking into consideration
NSI’s location in Asia and the expectation
for synergistic effect with the existing plant.
With this new plant at NSI, NIPPON SHOKUBAI group’s
global AA production capacity will be 980,000 T/Y
* Japan 540,000 T/Y and
* overseas 440,000 T/Y
and NIPPON SHOKUBAI will ensure more stable supply.
Feature of investment Production capacity :
Acrylic Acid (AA) 100,000 T/Y
(current capacity 140,000 T/Y,
totally 240,000 T/Y after completion)
Schedule: Mechanical completion – March 2021
Commercial operation – November 2021
Location: Existing plant site of NSI
Investment amount: Approx. 200 million US dollars
Corporate outline of NSI Company name :
PT. NIPPON SHOKUBAI INDONESIA
Location : Cilegon, Indonesia
(headquarters and plant)
President : Naoki HIJIKURO
Established : August 1996
Capital : 120 million US dollars – paid in capital 99.9%
owned by NIPPON SHOKUBAI
Business : Production and sales of acrylic acid (“AA”),
acrylates (“AES”) and superabsorbent polymer (“SAP”).
Number of employees: 453 as of March 31,2018
Influence on the business results
This project makes no influence on the business results
of the current fiscal year ending on March 31, 2019.
As for the business results in future, after the operation on Y2021,
NIPPON SHOKUBAI will maintain and improve profitability
by utilizing the above mentioned new plant effectively.
【Contacts】
Investor & Public Relations Dept.,
TEL: +81-3-3506-7605
E-mail: shokubai@n.shokubai.co.jp
WWW.CHEMWINFO.COM BY KHUN PHICHAI