Despite the continuation of severe market conditions, in the Automobiles and Transportation field, the HPP Company is targeting higher sales with the help of the new interlayer film production line in Mexico, which has been operating steadily since the previous fiscal year, and a new high-performance interlayer film production line in Europe, which is scheduled to begin full-scale operations during the third quarter of the fiscal year under review.
High-performance interlayer films with solar control and sound insulation capabilities help improve the level of comfort inside automobiles and reduce automobile weights, which has led to their use in a wider range of automobile parts besides windshields, including side and roof panels. Moreover, the wedge-shaped films used in head-up displays can help improve safety, so their use is also gradually expanding from luxury vehicles to mass-market automobiles. In addition, the Company is aiming to launch products that address the increased use of electronics in automobiles, such as thermal interface materials used in electric vehicles. In this way, the Company is aiming to achieve growth that outpaces global automobile production in the Automobiles and Transportation field during the fiscal year under review.
In the Building and Infrastructure field, the Company expects to see a continuation of severe CPVC market conditions as a result of intensifying price competition. Despite this, the Company is aiming to expand sales on the high-value-added US market and is focusing its energies on expanding sales of non-combustible polyurethane and other fire-resistant materials.