Ja­pan’s Tosoh to dou­ble out­put

The Myanmar Times - Weekend - - International Business -

JA­PANESE chem­i­cal maker Tosoh Corp. will dou­ble its polyvinyl chlo­ride pro­duc­tion ca­pac­ity at a plant in the Philip­pines, bet­ting on grow­ing de­mand for in­fra­struc­ture projects such as water­works de­vel­op­ment.

Philip­pine Resins In­dus­tries Inc., a Tosoh sub­sidiary in Mariv­e­les on the Bataan Penin­sula, west of Manila, started con­struc­tion of a new PVC line at its plant at a cost of around 4 bil­lion yen (US$35.7 mil­lion/k48.60 bil­lion) to boost its an­nual ca­pac­ity from 100,000 tons to 210,000 tons.

The new line is sched­uled for com­ple­tion at the end of 2018 and will start op­er­a­tions in Jan­uary 2019.

Tet­suro Hachimura, pres­i­dent of the Filipino unit, said, “Since the ad­min­is­tra­tion of then Pres­i­dent Benigno Aquino, de­mand for PVC has been get­ting stronger as the cen­tral gov­ern­ment is step­ping up ef­forts to im­prove wa­ter and sewage sys­tems in Metro Manila.”

Philip­pine Resins has sup­plied its PVC prod­ucts, used mainly for pipes in wa­ter sup­ply and flood con­trol, to lo­cal com­pa­nies such as PVC pro­cess­ing firms and pipe man­u­fac­tur­ers, Hachimura said.

As a re­sult, he says, his com­pany has en­joyed an an­nual dou­bledigit growth in its PVC prod­ucts ship­ments for pipes in re­cent years.

The cur­rent ad­min­is­tra­tion of Pres­i­dent Ro­drigo Duterte plans to in­vest a to­tal of $165 bil­lion dur­ing his term through 2022 in in­fra­struc­ture de­vel­op­ment in­clud­ing stream­lin­ing the Metro Manila sub­way sys­tem and im­ple­ment­ing a flood con­trol project in Cavite Province. – Kyodo

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