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JAPAN'S SEKISUI CHEM TO LIFT OUTPUT OF SAFETY-GLASS FILM BY 15%

Post Time:Jul 10,2008Classify:Company NewsView:475

TOKYO, Jul 09, 2008 (AsiaPulse via COMTEX)-- Sekisui Chemical Co. (TSE:4204) said Tuesday that it will spend some 10 billion yen (US$93 millioni) to raise its production capacity for plastic film used in automobile windshields 15 per cent by 2009.

The Osaka-based firm aims to lift its share of the global market for interlayer film, which is sandwiched between sheets of glass to prevent shattering, 2 percentage points to 44 per cent by 2010, cementing its dominance of the industry.

Sekisui Chemical currently makes the film at six locations, including at factories in the U.S. and Thailand. The additional investment, which is earmarked for one plant in Japan and one in China, will enable the company to furnish enough material to equip 78 million vehicles a year.

The Shiga Prefecture facility in central Japan will increase production of high-performance film for export to industrialized countries. This film can keep the inside of a car 10 C cooler on a hot summer day and reduce outside noise by 50 per cent. Output of polyvinyl butyral, a resin from which the film is made, will be raised 45 per cent.

Meanwhile, the Jiangsu Province plant in eastern China will boost output of standard-grade film, which is earmarked mainly for local manufacturers, by 50 per cent.

Source: NikkeiAuthor: admin

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