Mitsubishi Rayon to Increase Acrylic Resin Capacity in South Korea
Mitsubishi Rayon plans to double the capacity of its methyl methacrylate plant in South Korea to 188,000t/year by January 2013.
The Mitsubishi Chemical Holdings unit will invest 18-20bn yen ($220-$244.6m) to expand the capacity of its plant in Daesan, South Korea, which it co-owns with local company Honam Petrochemical.
The expansion would see acrylic resins capacity rise from 90,000t/year to 188,000t/year, while moulding material capacity would rise from 50,000t/year to 110,000t/year.
The new plants are expected to become operational in November 2012 and January 2013 respectively, according to nikkei.com.
Acrylic resin is used LCD panels, automotive lights and building materials.