Sign up for the PlasticsToday NewsFeed newsletter.
Sponsored By
New PPS resin supplier born in Korea
Japan's Teijin (Tokyo) and its Korean partner SK Chemicals (Seoul) have set up a joint venture to develop and market polyphenylene sulfide (PPS) resins and compounds in Ulsan, South Korea. Construction of a 12,000-tonnes/year PPS resin plant began on October 1.Teijin owns 34% of the new company, called Initz Co., with SK Chemicals holding the remaining 66% share. Initz will be a newcomer to the PPS market, joining incumbents such as Sabic IP, Ticona, Toray, DIC, Kureha, and Polyplastics.
October 7, 2013
1 Min Read
.svg?width=850&auto=webp&quality=95&format=jpg&disable=upscale "New PPS resin supplier born in Korea")
Initz expects to produce the world's first chlorine- or sodium-free PPS resins utilizing proprietary technologies of SK Chemicals. Working in cooperation with Teijin and SK Chemicals, Initz will start by providing samples to selected customers in the automotive and electronics fields.
Focusing on customers especially in fast-growing Asian markets, it aims to become a world leader in PPS resin and compounds. A global market share of 20% and annual sales of KRW300 billion ($280 million) are envisioned by 2020.
Demand for PPS resin is expected to grow in line with the increasing popularity of electric and hybrid vehicles and the ongoing expansion of electronics markets in emerging countries. PPS is employed in inverters condensers and power modules of electric vehicles.
With conventional PPS resins, chlorine and sodium from raw materials and byproducts remain in the resin, which can lead to the corrosion of molds and functional deterioration of metal parts, such as defective contacts. Also, chlorine has potentially harmful environmental effects if incinerated.a
You May Also Like
