The operation is scheduled to commence at the beginning of 2016.
Vietnam is the third largest PVC market in Southeast Asia following Thailand and Indonesia, and the PVC demand is growing at the similar level as the country’s GDP. Following the completion of the acquisition process in 2014, this investment will further strengthen the AGC Group’s business foundation in the Vietnamese PVC market which is expected to continue to grow.
After the completion of the capacity enhancement, PMPC will have P.T. Asahimas Chemical (ASC) as its main VCM supplier. ASC is one of AGC’s subsidiaries in Indonesia and currently working to enhance its production capacity.
Under the new management policy AGC plus, the AGC Group is focusing on the chlor-alkali business in Southeast Asia. Through collaboration among AGC group companies, the AGC Group will strengthen its integrated production structure within the region, thereby enhancing competitiveness and increasing the market share in Southeast Asia.
■ Overview of Phu My Plastics & Chemicals Co., Ltd. (PMPC)
(1) Company: Phu My Plastics & Chemicals Co., Ltd.
(2) Representative: Yoichi Noda
(3) Location of head office plant: Ba Ria–Vung Tau Province, Vietnam
(4) Capital: 35 million USD
(5) Ownership ratio: AGC 78%; Mitsubishi Corporation 15%;
Local partner (Vung Tau Shipyard Corporation 7%)
(6) Established: 1995
(7) Business description: Production and sale of polyvinyl chloride (PVC)
About the AGC Group
The AGC Group, with Tokyo-based Asahi Glass Co., Ltd. at its core, is a world-leading supplier of flat, automotive and display glass, chemicals and other high-tech materials and components. Based on the world’s leading technologies accumulated over more than 100 years of innovation, the group will continue to meet the needs in different areas. The AGC group employs some 50,000 people worldwide and generates annual sales of approximately 13 billion USD through business in about 30 countries.
For more information, please visit www.agc-group.com.