Asahi Kasei
Corporation today announced that its plans for construction
of a polyacetal plant in Singapore have been canceled.
In November 1996, the subsidiary Asahi Kasei Tenac Singapore
was incorporated in Singapore, and construction of a 20,000
ton polyacetal copolymer plant on Jurong Island (formerly
Pulau Sakra) was begun in September 1997.
Construction was deferred in February 1998 in light of
the unstable economic situation and severe currency devaluations
that occurred. Despite the subsequent economic recovery,
demand and prices for polyacetal in the Asian region have
failed to recover to a level which would make the new
plant viable, and so the decision was made to cancel construction.
Overview of Asahi Kasei polyacetal (Tenac) operations
| Production facility: |
Mizushima, Okayama Prefecture |
| Production capacity: |
24,000 metric tons/year copolymer |
| |
20,000 metric tons/year homopolymer |
Polyacetal is an engineering plastic with outstanding
hardness, friction, and abrasion characteristics; used in electronics,
automotive, and other industrial applications.
|
