FOWLERVILLE, Mich., Feb. 16, 2016 /PRNewswire/ -- Asahi Kasei Chemicals held an opening ceremony February 12, 2016, at Asahi Kasei Plastics Mexico S.A. de C.V., a subsidiary for the sale and technical support of performance plastic compounds. The facility is owned through its United States subsidiary Asahi Kasei Plastics North America, Inc. (APNA).
The ceremony was attended by some 70 people including government officials, customers, and other related parties from Mexico, the United States, and Japan.
ADDRESSING THE NEED FOR PLASTIC COMPOUNDS
Continued demand growth for plastic compounds is forecasted in Mexico, where various manufacturing facilities are increasingly located, especially by United States, European, and Japanese manufacturers in the automotive industry. To meet this growing demand, the new subsidiary in Mexico was established in June 2015 and began performing sales and technical support in September 2015.
Asahi Kasei Chemicals is focused on strategic global growth in the field of plastic compounding operations. The company has compounding facilities and sales offices in Japan, China, ASEAN countries, North America, and Europe, and continues to reinforce its global network to swiftly respond to customer needs. Asahi Kasei Plastics Mexico enables an increased market share to be gained in the growing Mexican market for plastic compounds with marketing and technical service clearly focused on the needs of customers in Mexico. Asahi Kasei Chemicals will continue to study the possibility of local manufacturing of plastic compounds in Mexico as well.
About Asahi Kasei Plastics Mexico S.A. de C.V.
Asahi Kasei Plastics Mexico S.A. de C.V. was established in June 2015 in Querétaro, Mexico. Headed by Iichiro Kitsuda, the subsidiary is 100 percent jointly owned by APNA and Asahi Kasei Plastics North America, Inc. This new subsidiary will provide sale and technical support of Thermylene™ PP, Leona™ PA66, and other performance plastic compounds.
About Asahi Kasei Plastics North America, Inc.
Asahi Kasei Plastics (shareholder: Asahikasei Plastics (America) Inc.) was established in July 2000 and updated to their current name in August 2005. Headed by John W. Moyer, the corporation manages the manufacture and sale of Thermylene™ PP, Leona™ PA66, and other performance plastic compounds. The Fowlerville, Michigan facility has a 105,000 tons/year capacity. The start-up of a new facility in Athens, Alabama with 30,000 tons/year capacity is scheduled in February 2016.
 Synthetic resin containing glass fiber, flame retardants, and other additives to provide additional performance characteristics.
 Wholly owned subsidiary of Asahi Kasei Chemicals.
SOURCE Asahi Kasei Plastics North America, Inc.