Japan’s Tosoh to double output
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