The Urban Infrastructure & Environmental Products Company (President
: Hajime Kubo) of Sekisui Chemical Co., Ltd. (President: Teiji Koge, hereinafter
called “Sekisui Chemical”) has been producing thermoforming plastic sheets
applicable for Aviation and Mass Transit Interiors, Housing of Medical Components,
Exterior Materials of Vehicle and Construction Equipment, etc. through its affiliate
company, SEKISUI Polymer Innovations, LLC. (hereinafter called “SPI”) .
SPI
has decided to establish the 3rd factory in Pennsylvania to increase production
capacity of PVC sheets to meet the steady increase in demand from the Aviation
Industry and to expand business in Mass Transit Interiors.
The production
at the 3rd factory is scheduled to start in June, 2016.
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1.History of Thermoforming Plastic Sheet Business in the U.S. and its Business Development
(1) History
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(2) Business Development
SPI is conducting business mainly with two brands, “KYDEX™ Thermoplastics” and “ALLEN™ Thermoplastics”.Acrylic modified PVC sheet products under the KYDEX™ Thermoplastics brand are used in high end applications including aviation and mass transit interiors, housing materials of medical components, etc. and have a good reputation because of the product’s attributes: fire retardancy, environmentally sensitive, chemical resistant and highly durable. ABS sheet products under the ALLEN™ Thermoplastics brand are used in external materials such as recreational vehicles, construction equipment, and farming vehicles because of its superior mechanical properties including durability, heat and weather resistance. Both brands have good reputations and are well known in the market.
Those two companies were combined in September 2014 and became SPI to gain synergy between the two companies. SPI has two factories, one in Pennsylvania (The 1st factory, which used to be owned by KYDEX) and the other in Michigan (The 2nd factory, which used to be owned by Allen) in addition to the 3rd factory.
2. Outline of The 3rd Factory
(1) Location: |
4411 Old Berwick Road, Bloomsburg, Pennsylvania |
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(2) Land: |
Around 230,000㎡ |
(3) Building: |
Around 35,000㎡ |
(4) Capital Investment: |
Around 10 Million US$ |
(5) Production Item: |
Sheets for Aviation Interiors |
(6) Initial Production Volume: |
1,000 tons/annum (for high end of Aviation Interiors only) |
(7) Time to Start Production: |
June, 2016 (Plan) |
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The 3rd Factory |
3. Outline of SEKISUI Polymer Innovations, LLC.
(1) Name of the Company: |
SEKISUI POLYMER INNOVATIONS, LLC. |
(2) Line of Business: |
Production of PVC and ABS Sheet for forming |
(3) Location:
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Headquarters, The 1st Factory |
(4) Establishment: |
March 30th, 1990 |
(5) Paid in Capital: |
30,472,000 US$ |
(6) Shareholder:
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SEKISUI AMERICA CORPORATION (100%) |
(7) Representative: |
Ronn Cort (COO & President) |
(8) Employees: |
Around 310 people |
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Headquarters, The 1st Factory |
The 2nd Factory |
4.Business Objectives
The target of sales is 175 Million US$ in 2016.
【Reference】
(1) Establishment of Sheet Division
Sekisui Chemical has newly established “Sheet Division” from April
1st, 2015.
The purpose is to expand the sheet business in Japan
and other countries in Asia, to increase the business in Mass Transit Interiors,
Medical Components, etc. and to promote R&D to penetrate into new fields
by strengthening the relationship with SPI.
(2) Plastic Sheet for thermoforming
Plastic sheet for thermoforming is large sized sheet material with thicknesses
ranging from 1 to 15mm and width from 1,000 till 2,500mm. It is used for
small quantity, wide variety or large size plastic, for which it is hard
to justify the expense of molds for injection molding. Finished products
are made by vacuum or pressure forming. Application ranges from general
use such as furniture, interior walls, devices, equipment housings and housing
for ATM to high end applications including aviation and mass transit interiors,
recreational vehicles, construction machines and farming vehicles.
SPI has superiority in the area of formulation to make fire retardant material, speedy product development by means of its own testing equipment and its capability to provide high standards in color & design through its designLab™ where SPI conducts project collaboration and color matching with clients.
(3) Example of Thermoforming Sheet Application
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Aviation Interior |
Mass Transit Interior |
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Medical Component |
Exterior for Farming Vehicle |
Disclaimer
This press release may contain forward-looking statements. Such forward-looking statements are based on current expectations and beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements due to changes in global economic, business, competitive market and regulatory factors.