January 30, 2015     Japanese 
	  Network - Home
JCN Newswire
  Home  |  Companies  | Annual Reports  |  CSR  | News Alerts     
Kaneka, MOL and Mitsui Form CPVC JV in India

Tokyo, Dec 7, 2011 (JCN) - Kaneka Corp., Meghmani Organics Ltd (MOL) and Mitsui & Co. Ltd entered into an agreement to form a new joint venture (JV) company to conduct feasibility study of the construction of chlorinated polyvinyl chloride (CPVC) production facility in Dahej, Gujarat, India. The project is aimed to accelerate development of CPVC business in India.

The new company, "Trience Speciality Chemicals Pvt. Ltd" (Investment ratio: 41% for Kaneka, 39% for Meghmani, and 20% for Mitsui) is scheduled to start manufacturing in 2014 with an initial annual production capacity of 20,000 metric tons - this is expected to be scaled up in relatively early stages of production. Total investment amount including the one to be scaled up in relatively early stages of production will be around $120 million.

CPVC is being used as the raw material for hot water pipes, fire sprinkler pipes, and industrial pipes, among others, and its demand has been growing globally. Especially in India, galvanized iron pipe has been replaced by CPVC pipe in these fields, and such trend has been accelerating in recent years.

Kaneka, which established Kaneka India Pvt. Ltd in 2010, has been aiming to build a CPVC plant in India. The company has been a pioneer in the CPVC business in Japan, the United States, and other Asian countries for years, and has CPVC plants both in Japan and in the US (Kaneka Texas Corp.) with its total global capacity reaching 46,000 metric tons per year.

By Chris Lui Staff Writer

Copyright © 2015 JCN. All rights reserved. A division of Japan Corporate News Network KK.

 Company Profile |   Print  |   Alerts
ACN Newswire

 Recent  Mitsui  News  
  Mitsui to Acquire Share in Local Gas Distribution Company  (Dec 19, 2014)
  Mitsui to Participate in U.S. Media Business Incubator FactoryMade Venture  (Nov 20, 2014)
  Mitsui Acquires Additional Interest in Power Generation Project in New York City  (Oct 15, 2014)
  Mitsui to Participate in KIFMEC Specific Purpose Company  (Aug 18, 2014)
  Mitsui Forms Joint Venture with a Brazil-based Major Agricultural Producer for Large Scale Farm Operation  (Sept 4, 2013)
  Basic Agreement concerning Integrated Block Development Project, and Rebuilding of Mitsui & Co. Head Office  (Aug 8, 2013)
  Mitsui & Co to Participate in Power Generation Project in South Africa  (June 6, 2013)
  Mitsui and EDF EN Mexico to Partner in Wind Power Generation Project in Mexico  (Jan 9, 2013)
  Mitsui Acquires U.S. Brand Paul Stuart  (Jan 8, 2013)
  Mitsui Takes Stake in Gestamp Automocion, Global Auto Components Supplier  (Jan 7, 2013)

 Recent  Chemicals News   
Sumitomo Electric Receives Thomson Reuters 2014 Top 100 Global Innovators Award  (Jan 20, 2015)
Teijin Begins OEM Production of New Phosphorus Flame Retardant (Dec 11, 2014)
ITOCHU Announces Merger of Asset Related to Iron Ore Mining Business in Brazil  (Nov 26, 2014)
Sumitomo Electric Releases New Sintered Diamond Cutting Tools (Oct 28, 2014)
Sumitomo Electric Develops AC6030M/AC6040M and EM Breaker for Rough Cutting (Oct 27, 2014)
JFE Engineering Myanmar JV Makes First Shipment of a Bridge Block (July 25, 2014)
Suzuki Outboard Motor Achieves Accumulated Global Production of 3 Million Units (July 24, 2014)
IHI to Participate in GE9X Engine Program (July 12, 2014)
Marubeni to Create Minera Centinela, New Mining Company in Chile (July 5, 2014)
Asahi Kasei Develops New Transparent Polymer for Optical Applications (July 2, 2014)

More Chemicals news...
CSR Report Download
Annual Reports

  More >>    
Most Popular

About JCN | Privacy Policy | Terms of Use | JCN Network (日本語)