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PRESS RELEASE

Expansion of Production Capacity at Resin Compound Manufacturing Plant in China

2022.10.18

Press Releases

October 11, 2022

Asahi Kasei Corporation

 

Expansion of Production Capacity at Resin Compound Manufacturing Plant in China

- Decided to strategically expand investment in the functional materials business in the Chinese market -

 

Asahi Kasei Corporation (Head office: Chiyoda-ku, Tokyo; President: Koshiro Kudo; hereinafter, "the Company") has announced that it has acquired a Chinese resin compound company * We are pleased to announce that we have decided to expand our manufacturing plant (Changshu City, Jiangsu Province, China) by installing a state-of-the-art extruder.

Asahi Asahi Kasei Plastics (Changshu) Co., Ltd.

The Group has positioned the functional materials business in the Mobility & Industrial Business Division as a key strategic business in order to achieve its vision for 2030. In particular, it has focused on expanding the functional materials business in China, where significant market growth is expected. rice field.

 

2. overview

In the Chinese functional materials market, where we have been expanding our business, we have steadily increased the sales volume of engineering resins, mainly for applications such as automobiles and solar cell modules (PV). As a result, the local compound production volume in China has grown to exceed the Japanese compound production volume. In addition, sales are expected to increase at an annual rate of about 10% through sales expansion activities in new application markets such as electric vehicles (EV), 5th generation mobile communication systems (5G), connectors, and environmentally friendly materials, which are expected to continue growing in the future. I'm here.

Asahi Asahi Kasei Plastics (Changshu) Co., Ltd. (Changshu) Co., Ltd. <APCS> See the bottom part of the new compound plant in Changshu, Jiangsu, China. Full-scale operation started in April 2021. As a result, production capacity is expected to run short from fiscal 2024 onwards. In light of this situation, we have decided to increase production capacity and warehouse storage capacity, which is scheduled to start operation in October 2023. In addition, when selecting an extruder to increase capacity, we will use the latest production technology to achieve early entry and expansion in the electric vehicle (EV) and 5th generation mobile communication system (5G) markets. We decided to introduce a state-of-the-art large-scale extruder because it was necessary to establish a smooth mass production system for strategic grades with existing equipment.

The compound production and technology center (hereinafter referred to Asahi Kasei "the center"), which is also our compound production technology development and mass production base, owns the same type of equipment. Through technology transfer and technical support from , we can speed up the mass production of new strategic grades.

Going forward, Asahi Kasei Plastics (Changshu) Co., Ltd. will continue to expand its production capacity and automated warehouse storage capacity in line with the expansion of its functional materials business in the Chinese market, thereby providing new value products to customers. In order to achieve this, we will work to further strengthen our efforts.

 

Overview of Asahi Kasei Plastics (Changshu) Co., Ltd. <APCS>

Representative: Tomohiro Shinada

Location: Changshu City, Jiangsu Province, People's Republic of China New Material Industrial Park

Production capacity: 28,000t/year → 36,000t/year (8,000t increase)

 

The Group is making various efforts to achieve carbon neutrality by 2050. As part of this, in the functional material compound business, we will contribute to a sustainable society through the introduction of renewable energy and the development of environmentally friendly grades at our compound manufacturing plants in Japan and overseas.

*Compound: Adding functionality to synthetic resin by adding additives such as glass-fiber and flame Flame retardance

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