Tosoh to fund Nippon Polyurethane expansion

Omnexus - Dec 10, 2002

TOKYO, Dec. 10 -- Shareholder Tosoh Corp. will invest approximately JPY 5 billion (US $40 million) in Nippon Polyurethane Industry Co. Ltd. (NPU) to expand operations. The investment will fund new carbon monoxide production facilities at Tosoh's Nanyo complex by June 2004 with a capacity projected at 8000 Nm3/h (cubic meters per hour). Carbon monoxide is a raw material for MDI, one of NPU's main products. NPU, a leading supplier of isocyanates in the Far East, says Asian demand is strong and will grow to almost 10%/yr. Tosoh said NPU will continue to increase isocyanate capacity, which currently stands at 170,000 metric tons/yr for MDI, and 25,000 metric tons/yr for TDI. The new facility will be more cost competitive since...

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