Mitsubishi Chem to invest $130m to raise Indonesia PET film capacity
Slated for completion at the end of 2021, the new plant will increase the Indonesian unit’s polyester film production capacity to 25,000 tons per year.
MFI had earlier worked to meet rising market demand by enhancing the efficiency of the current plant and other measures but decided to build the new facility in consideration of projected demand growth.
Demand growth for industry-use polyester film is on the rise, especially in Europe, amid continued requirements in optical application for displays and for processes to make electronic components, MCC said in the statement.
Factors behind the favorable market conditions include the expanding use of electronic components in the automotive industry, and increasing production of electronics components such as multi-layer ceramic capacitors spurred by the growing number of 5G base stations and ongoing upgrades in telecommunications equipment.
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