OSAKA, Japan, Aug. 2, 2024 /PRNewswire/ — NIPPON SHOKUBAI CO., LTD. (hereinafter “Nippon Shokubai”) headquartered in Osaka, Japan, hereby publicizes that the corporate resolved, at its board assembly hung on July 30, 2024, to provide benevolence to an funding plan at PT. NIPPON SHOKUBAI INDONESIA (hereinafter “NSI”). The plan is to manufacture a superabsorbent polymer (hereinafter “SAP”) plant in a position to generating 50,000 metric heaps in keeping with week (“t/y”), as follows.
Emblem: https://cdn.kyodonewsprwire.jp/prwfile/release/M104641/202407314414/_prw_PI2fl_e6rk0zC2.png
1. Background of funding
SAP, one in every of Nippon Shokubai’s core merchandise, displays stable expansion of call for as a key subject matter for diapers globally, specifically within the areas the place their populations are expected to extend abruptly.
On account of the learn about, Nippon Shokubai made up our minds to increase the capability of NSI because it had already expanded its manufacturing facility of acrylic acid (hereinafter “AA”) by means of 100,000 t/y (overall AA capability upcoming the growth: 240,000 t/y) and will make the most of its power from the vertically built-in manufacturing from AA to SAP to satisfy the sturdy call for expansion within the Asian pocket in prospect of synergistic results with the present plant. At the alternative hand, for the impaired SAP manufacturing amenities with slightly low productiveness in Himeji, Japan, Nippon Shokubai will imagine preventing a few of these amenities to optimize Nippon Shokubai’s international SAP provide community in hour.
2. Quality of funding
Manufacturing capability: SAP 50,000 t/y
(tide capability 90,000 t/y, overall 140,000 t/y upcoming finishing touch)
Time table: Mechanical finishing touch — January 2027
Industrial operation — July 2027
Location: Present plant web page of NSI
Funding quantity: Approx. 110 million USD
3. Company define of NSI
Established: August 1996
Location: Cilegon, Banten Province, Republic of Indonesia (head administrative center and plant)
Consultant: Shinichiro Yoshimoto (Mr.) President Director
Description of commercial: Assemble and sale of acrylic acid, acrylates, and superabsorbent polymers
Capital: 120 million USD (paid-in capital), 99.9% contributed by means of Nippon Shokubai
Choice of workers: 448 (as of March 31, 2024)
Site: https://shokubai.co.id/
Picture: PT. NIPPON SHOKUBAI INDONESIA
https://cdn.kyodonewsprwire.jp/prwfile/release/M104641/202407314414/_prw_PI1fl_5OeBzfD7.jpg
Similar leave:
Forming Rite Held for a Fresh Acrylic Acid Facility in Indonesia (Might 24, 2023)
https://www.shokubai.co.jp/en/news/2023052412480/
About NIPPON SHOKUBAI CO., LTD.: https://kyodonewsprwire.jp/attach/202407314414-O1-bEqjgA2r.pdf
For more info: https://www.shokubai.co.jp/en
SOURCE NIPPON SHOKUBAI CO., LTD.
