Caustic soda and PVC are indispensable materials for the development of urban infrastructure such as water and sewage systems and for a wide variety of industrial products, and the Southeast Asian market for both products is expected to grow at about 4% per year on the back of continued expansion in manufacturing and infrastructure projects in line with economic growth. In order to respond to this robust demand, AGC has been studying this expansion and has obtained approval for the environmental impact assessment by the Thai environmental regulatory authority and has now decided to make the investment. In addition, this capacity expansion will introduce the latest technologies that will improve energy efficiency and production efficiency to reduce environmental impact.
The AGC Group aims to expand its chlor-alkali chemicals business in Southeast Asia as one of the priority businesses of the AGC plus-2023 medium-term management plan. With the aim of steadily capturing the growing demand in the region and strengthening the Group's competitiveness, AGC has increased production capacity at its existing base in Indonesia and acquired AGC Chemicals Vietnam Co., Ltd. and Vinythai Public Company Limited to solidify its leading position in the chlor-alkali business in Southeast Asia. In July 2022, AGC plans to establish a new company to consolidate and reorganize its three chlor-alkali businesses in the Indochina Peninsula, aiming to strengthen its foundation in the region and achieve further growth. The AGC Group will continue to make every effort to reduce the environmental impact as part of the Company's sustainability activities and contribute to the realization of safe, secure, and healthy living in the region, as well as the sustainable development of Southeast Asian society.
Notes
* Two manufacturing sites in Thailand: Current Vinythai Public Company Limited and current AGC Chemicals (Thailand) Co., Ltd.
Reference
■ Annual production capacity of the AGC Group's chlor-alkali business in Southeast Asia
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AGC - Asahi Glass Co. Ltd. published this content on 06 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 May 2022 04:06:08 UTC.