September 29, 2008
Daikin to Boost Fluorine Resin Output Capacity in U.S.
Osaka, Sept. 29 (Jiji Press)--Daikin Industries Ltd. said Monday it will boost its fluorine resin output capacity in the United States amid growing global demand.
The company will spend 7 billion yen to expand a fully owned U.S. unit's Alabama plant, which produces a copolymer of ethylene and tetrafluoroethylene, or ETFE, used for automotive fuel tubes and cable coating for aircraft.The plant expansion is slated to be completed for operational launch in late April 2010.
Combined with production at its plant in Settsu, Osaka Prefecture, Daikin's annual ETFE output will be doubled to nearly 4,000 tons, the company said.
Daikin also aims to double annual ETFE sales to 10 billion yen in 2010.
Besides Daikin, U.S. chemical giant DuPont and Asahi Glass Co. are producing ETFE, whose demand is rapidly expanding, especially in the United States.
By boosting its output capacity in the United States, where half of the chemical's demand comes, Daikin aims to increase its market share.END
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