Transnational companies have entered the field of high-performance plastics

Due to the continuous development of high-performance plastics applications, market demand is growing rapidly. Transnational companies are optimistic about the prospects of this market and have invested in this field.


BASF plans to more than double its engineering plastics production capacity in Pudong, China, by 2015. The current production capacity of engineering plastics in the Pudong production base is 45,000 tons/year, and it will be expanded to 110,000 tons/year by 2015.


Andy Postlethwaite, BASF's senior vice president and head of Engineering Plastics Asia Pacific, recently stated at the press conference of the 2011 China International Plastics and Rubber Industry Exhibition in Guangzhou: “The Chinese engineering plastics market has huge opportunities, especially in the automotive industry. Industry, the current use of engineering plastics in China's vehicles is only 5-6 kg, and the global average of 20 kg.” Bowie Wei expects the future of BASF plastics business in the Asia-Pacific region will continue to grow steadily.


BASF also pointed out that the opportunities for engineering plastics not only exist in China, but also exist in other parts of Asia, including South Korea, Japan and India. BASF is currently expanding its engineering plastics plant in Ansan, South Korea, and is expected to complete in the third quarter of this year, when the plant's capacity will be expanded from the current 17,000 tons/year to 30,000 tons/year.


Bayer Scientific Materials, a German company, recently stated that the company will invest about 90 million Euros to expand its polycarbonate (PC) installation in Krefeld-Uerdingen, Germany. The entire expansion project will be completed within the next four years, and the PC capacity of the unit will be From 330,000 tons/year to 400,000 tons/year. Günter Hilken, Head of PC Business at Bayer Scientific, said: “Global PC demand is growing strongly, especially in the Asia Pacific region led by China. In Europe, we expect the average annual growth rate of PC demand will also reach 5%, mainly due to Lightweight car and the impact of increasing demand from the electronic entertainment industry."


Bayer Scientific Materials is also expanding its PC capacity in Shanghai, China, which is expected to be completed by 2016. By then, Bayer Scientific will have a PC capacity of over 1.6 million tons per year.


Japan's Mitsubishi Rayon recently stated that the company has formed a joint venture with Sabic to build and operate the previously announced Methyl Methacrylate (MMA) and Polymethyl methacrylate (PMMA) devices at Saudi Jubail. project. The design capacity of the MMA plant is 250,000 tons/year, and the design capacity of the PMMA plant is 40,000 tons/year. The MMA device will use Alpha's patented technology from Mitsubishi Rayon's Lucite International subsidiary, while the PMMA device will use Mitsubishi Rayon's proprietary technology.


Taiwan’s Chi Mei Corporation is planning to expand its PMMA installations in mainland China and Taiwan in the second half of 2011. Chi Mei currently owns a 50,000-ton/year PMMA plant in Zhenjiang, Jiangsu, China. The company has planned to expand the plant and add 70,000 tons to 80,000 tons/year of capacity. Chi Mei also owns a set of 175,000 ton/year PMMA units in Tainan, Taiwan. The company plans to add 70,000 to 80,000 tons/year of capacity to the unit in the third quarter of 2011. South Korea’s LG MMA is planning to add 20,000 tons/year of PMMA capacity through the replacement of equipment, which is expected to be completed in the second quarter of 2011. By then, the company's PMMA capacity will increase to 110,000 tons/year. Japan's Mitsubishi Rayon is planning to expand a 40,000-ton/year PMMA unit in Nantong, Jiangsu, China, from 10,000 tons to 15,000 tons/year, which is expected to be completed in the third quarter of 2011. Daesan MMA Co., Ltd. is planning to replace a set of 40,000 tons/year PMMA units in Dashan, Korea, and is expected to add 10,000 tons/year of PMMA capacity. Evonik Industries AG and AU Optoelectronics have planned to expand the PMMA capacity of Evonik Forhouse Optical Polymers, a PMMA joint venture in Taichung, Taiwan, to 85,000 mt/year.

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