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Japan South Korea joint venture plans to establish a polyurethane system company in India

Japan South Korea joint venture plans to establish a polyurethane system company in India

February 23, 2017

[China paint information]

as a joint venture in Japan, its structural properties fully meet the requirements of experimental specifications, Mitsui chemistry and South Korea SKC 50:50, Mitsui chemical SKC polyurethane (MCNS) has decided to establish a polyurethane system company in Andhra Pradesh in southern India to meet the growing demand for polyurethane in the automotive and household appliance industries

with a population of 1.3 billion, India is the seventh largest economy in the world in terms of GDP, with an annual economic growth rate of 7% or higher. India produces 4million cars and 9million refrigerators every year, and the demand for polyurethane is expected to continue to increase

many Japanese and Korean automobile and household appliance manufacturers have established markets in India, especially in southern India, where bsi567 fell by 3. MCNS will expand its local business by providing high-quality polyurethane system products

mcns was founded in July 2015, integrating the polyurethane business of Mitsui chemical and SKC, and has established systems companies in 10 countries and regions around the world, including the United States, Mexico, China and the Netherlands. It has cultivated a complete industrial alcohol production capacity of 280000 tons/year, MDI production capacity of 250000 tons/year and TDI production capacity of 120000 tons/year in a short period of one or two years

the establishment of the system company in India means that MCNS will expand its business in India and accelerate its globalization process by taking the same measures in other high growth regions outside India. The capacity of the system company is 13000 tons/year, which will start construction in March 2017, is expected to be completed in December 2017, and will be put into commercial operation in January 2018. It has the advantages of high efficiency, energy saving and high cost performance

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