New EPP plants in China and Thailand
One of the new plants, which will be located in Wuhan, Hebei Province, China will be the company’s fourth EPP plant. The plant is expected to have a production capacity of 2,700 tons/year of EPP and to come online by the beginning of 2017.
The company’s new plant in Thailand, meanwhile, will have a production capacity of 1,600 tons/year of EPP and is expected to be launched in January 2016. The investment value of the Thai plant is estimated at $5.1 million (€4.3 million). The company sees Thailand as a strategic hub for accessing rapidly growing ASEAN countries. Thailand was also reportedly chosen as an investment site due to the fact that several Japanese automakers operate factories in the country.
EPP is a plastic foam material designed for lightweight, energy management and cushioning applications.
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