Asahi Kasei launched Mexican Subsidiary for Plastic Compounds

United States: Asahi Kasei Chemicals Corporation, a chemicals manufacturer based in Japan, has launched Asahi Kasei Plastics Mexico, its subsidiary for technical and sales support for plastic compounds business in Mexico. The newly launched subsidiary would be controlled by Asahi Kasei Plastics North America (APNA), the North American subsidiary of Asahi Kasei Chemicals. Mexican Subsidiary has been established to provide plastic compounds to the manufacturing facilities based in United States, Europe and Japan. The newly launched Mexican subsidiary, would offer sales and technical support of Thermylene PP, Leona PA66, and other performance plastic compounds. The company has compounding facilities and sales office in Japan, China and ASEAN countries, North America and Europe.

TechSci Research depicts that the inauguration of new facility in Mexico would enable Asahi Kasei Chemicals to strategically improve its presence in the global plastic compounds business. Additionally, the launch of this new facility is expected to generate high demand for masterbatch in North America. 

According to the recent report published by TechSci Research, "Global Masterbatch Market, By Type, By End User, By Region, Competition Forecast and Opportunities, 2011 – 2021’’, the global market for masterbatch is projected to surpass USD16 billion by 2016 on account of increasing demand from major end use industries, such as packaging, food processing, building & construction, and automotive industries. White masterbatch accounts for the largest share in the global masterbatch market owing to their ability to blend with a large variety of thermoplastics.