Polyplastics to expand its engineering plastics compound manufacturing in Malaysia

Malaysia: Polyplastics, a global plastics manufacturer based in Japan, has plans to increase its global presence in the engineering plastics market by expanding the production capacity engineering plastics compound plant in Malaysia. The plant would be operated by the company’s wholly-owned subsidiary Polyplastics Asia Pacific (PAP), located in Kuala Lumpur. The expansion is expected to complete by the end of 2016 and would start its operation in June 2017. This expansion is expected to add 9,000 tons per years of additional production capacity to the plant, which would increase the existing production capacity of the plant to 35,000 tons annually after completion of this expansion project. The new line of business set up by the company in Malaysia would be engaged in the manufacturing of acetal copolymer (POM) duracon and polyphenylene sulphide (PPS) durafide compounds. The plant already has a manufacturing line for the production of POM, polybutylene terephthalate, PPS and liquid crystal polymer.

Techsci Research depicts the expansion would increase the company’s compound production capacity as well as strengthen their market position by catering to the increasing demands of large number of customers across Asia Pacific, Europe and Americas.

According to TechSci Research report, “India Engineering Plastics Market Forecast and Opportunities, 2020”, India engineering plastics market is projected to exhibit a CAGR of over 13% during 2015 – 2020. Increasing application of engineering plastics in different end user industries is fuelling the demand for engineering plastics in the Asia Pacific region.