 "Asahi Glass to enhance PVC capacity in Vietnam")
Asahi Glass Co Ltd (AGC) has announced that it will increase the production capacity of the polyvinyl chloride (PVC) facility at Phu My Plastics & Chemicals Co Ltd (PMPC), AGC’s subsidiary engaged in PVC business in Vietnam. In order to respond to the growing PVC demand in the country, PMPC’s PVC production capacity will be increased by 50% to 150,000 tonnes from the current 100,000 tonnes per year, which will make the Asahi Glass Group’s total PVC production in Southeast Asia 700,000 tonnes per year. 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 polyvinyl chloride market which is expected to continue to grow.
After the completion of the capacity enhancement, PMPC will have PT 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.
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 polyvinyl chloride market which is expected to continue to grow.
After the completion of the capacity enhancement, PMPC will have PT 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.