Asahi Kasei Plastics invests USD 5 million

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Asahi Kasei Plastics North America, Inc. announced that they will invest USD 5 million in a new compounding line and plant improvements to accommodate increased business.  A USD 3 million investment in a large compounding extruder and peripheral equipment is in process and a USD 2 million investment in new projects including plant upgrades is planned for 2013. The new equipment is expected to be operational by the end of 2013 providing a 30% capacity increase for their advanced line of Thermylene brand specialty polypropylene products and a 10% capacity increase over all product lines. According to the company interest in the Thermylene material (Long Glass Fiber Reinforced Polypropylene) and the Leona resin (polyamide with 60% glass) are driving the growth.

www.asahikaseiplastics.com

 

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