October 25, 2014     Japanese 
  JCN 
	  Network - Home
JCN Newswire
  Home  |  Companies  | Annual Reports  |  CSR  | News Alerts     
 
Share:
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 Especially in India, galvanized iron pipe has been replaced by CPVC pipe in these fields, and such trend has been accelerating in recent years.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 © 2014 JCN. All rights reserved. A division of Japan Corporate News Network KK.


 Company Profile |   Print  |   Alerts
ACN Newswire

 Recent  Mitsui  News  
  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)
  FEED Contracts Awarded for LNG Development Project in Mozambique  (Dec 21, 2012)
  Callide Oxyfuel Project Enters World's-first Demonstration Phase for Process of Oxyfuel Technology & CO2 Liquefaction  (Dec 18, 2012)



 Recent  Chemicals News   
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)
Teijin Develops Advanced Outerwear Fabric (June 16, 2014)
IHI to Supply SPB Tanks for Floating LNG Storage & Regasification Unit for Chinese Wison Group (June 5, 2014)
Yokogawa Wins Order for Saudi Arabia's First Supercritical Thermal Power Plant (May 14, 2014)
Dainippon Screen to Release Transparent Electrodes Monitor for Touch Panels (Apr 22, 2014)
Teijin DuPont Films Develops World-class Flame-retardant Film (Apr 8, 2014)

More Chemicals news...
 
CSR Report Download
Annual Reports

  More >>    
Most Popular


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