Teijin-DuPont to Expand Polyester Film Production
October 29, 2011 - Japan
Teijin Limited announced that Teijin DuPont Films, a global joint venture partnership with E.I. du Pont de Nemours and Co., will increase its China-based production of polyester film at DuPont Hongji Films Foshan Co., Ltd. (DPHJ) in Guangdong Province, part of the joint venture's strategy to expand its Asia regional market.
DPHJ will acquire a new site in NanZhuang, located in the ChanCheng district of Foshan city, initially to construct two polyester film lines, one for thick film and the other for thin film. New capital expenditure will total about 78 million USD.
The thick film line will be built with an inactive production line relocated from a defunct U.S. plant in Florence, South Carolina, which permanently closed in February. It will be used for the expanded production of competitive products for mainly photovoltaic backsheet, with operation to begin in the second half of 2012.
The thin film line will be newly constructed for the expanded production of competitive products for mainly dry film resists and flat panel displays. Operation will begin in 2013.
As a result, DPHJ's polyester film production capacity in Foshan will increase from 50,000 tons to 77,000 tons per annum.
DPHJ is a joint venture between DuPont Teijin Films China and FSPG Hi-Tech Co., Ltd. With the increased capacity and deployment of related technologies, DPHJ expects to remain China's leading manufacturer and supplier of differentiated polyester films.
About the Teijin Group
Based in Tokyo and Osaka, Japan, Teijin is a global technology-driven group operating in eight main fields: aramid fibers, carbon fibers & composites, polyester fibers, plastics, films, medical & pharmaceuticals, fiber products marketing and IT businesses. Teijin Limited, the holding company for the Teijin Group, is listed on the Tokyo and Osaka stock exchanges. The group, comprising 150 companies and 17,542 employees worldwide, had consolidated sales of JPY 815.7 billion (USD 10.6 billion) and total assets of JPY 761.5 billion (USD 9.9 billion) in the fiscal year ending March 31, 2011.
DPHJ will acquire a new site in NanZhuang, located in the ChanCheng district of Foshan city, initially to construct two polyester film lines, one for thick film and the other for thin film. New capital expenditure will total about 78 million USD.
The thick film line will be built with an inactive production line relocated from a defunct U.S. plant in Florence, South Carolina, which permanently closed in February. It will be used for the expanded production of competitive products for mainly photovoltaic backsheet, with operation to begin in the second half of 2012.
The thin film line will be newly constructed for the expanded production of competitive products for mainly dry film resists and flat panel displays. Operation will begin in 2013.
As a result, DPHJ's polyester film production capacity in Foshan will increase from 50,000 tons to 77,000 tons per annum.
DPHJ is a joint venture between DuPont Teijin Films China and FSPG Hi-Tech Co., Ltd. With the increased capacity and deployment of related technologies, DPHJ expects to remain China's leading manufacturer and supplier of differentiated polyester films.
About the Teijin Group
Based in Tokyo and Osaka, Japan, Teijin is a global technology-driven group operating in eight main fields: aramid fibers, carbon fibers & composites, polyester fibers, plastics, films, medical & pharmaceuticals, fiber products marketing and IT businesses. Teijin Limited, the holding company for the Teijin Group, is listed on the Tokyo and Osaka stock exchanges. The group, comprising 150 companies and 17,542 employees worldwide, had consolidated sales of JPY 815.7 billion (USD 10.6 billion) and total assets of JPY 761.5 billion (USD 9.9 billion) in the fiscal year ending March 31, 2011.