Tokyo, Japan—Tosoh Group company Philippine Resins Industries, Inc. (PRII), headquartered in Makati City, the Philippines, is preparing to increase its polyvinyl chloride (PVC) production capacity. PRII plans to begin the construction of additional PVC manufacturing facilities in February 2017 at a cost of ¥4.2 billion. Upon completion, in December 2018, the new facilities are expected to add 110,000 metric tons a year to and thereby double PRII’s PVC production capacity. Commercial operations are to start in January 2019 and to contribute to establishing a stable supply of PVC to meet growing demand in the Philippines and elsewhere in Asia.
Strong infrastructure investment in the Philippines, primarily in water and sewer systems, is propelling demand in the country for PVC. Demand is particularly robust for PVC pipe and other building materials and is expected to remain so. The Philippines market suffers from a shortage of PVC production capacity. And PRII’s doubled capacity will position it to help overcome that shortage and to meet expanding market demand. PRII’s heightened PVC production capacity will also enable the Tosoh Group to respond to rapidly increasing demand for PVC products throughout Asia and will improve the profitability of Tosoh’s vinyl chain business.
Project Outline
Facilities: PVC production facilities
Production Capacity: 110,000 metric tons/year
Capital Spending: ¥4.2 billion
Construction Period: February 2017–December 2018
Commercial Operations: January 2019
TOSOH CORPORATION
WHO WE ARE
Tosoh is the parent of the Tosoh Group, which comprises over 100 companies worldwide and a multiethnic workforce of over 12,000 people and generated net sales of ¥753.7 billion (US$6.3 billion at the average rate of ¥120.15 to the US dollar) in fiscal 2016, ended March 31, 2016.
WHAT WE DO
Tosoh is one of the largest chlor-alkali manufacturers in Asia. The company supplies the plastic resins and an array of the basic chemicals that support modern life. Tosoh’s petrochemical operations supply ethylene, polyethylene, and functional polymers, while its advanced materials business serves the global semiconductor, display, and solar industries. Tosoh has also pioneered sophisticated bioscience systems that are used for the monitoring of life-threatening diseases. In addition, Tosoh demonstrates its commitment to a sustainable future in part by manufacturing a variety of eco-products.
Stock Exchange Ticker Symbol: 4042
DISCLAIMER
This document may contain forward-looking statements, including, without limitation, statements concerning product development, objectives, goals, and commercial introductions, which involve certain risks and uncertainties. Forward-looking statements are identified through the use of the word anticipates and other words of similar meaning. Actual results may differ significantly from the results expressed in forward-looking statements.