Makati City, Philippines—Philippine Resins Industries, Inc. (PRII), part of the Tosoh Corporation Group of Japan, is preparing to increase its polyvinyl chloride (PVC) production capacity. PRII plans to begin the construction of additional PVC manufacturing facilities in February 2017 at a cost of US$44.0Mil. Upon completion in December 2018, the new facilities are expected to add 110,000 metric tons a year to and thereby double PRII’s PVC production capacity, further strengthening its reliability as a PVC supplier in the Philippine market. The expansion project will be introducing various improvements from the current PVC plant facilities. Commercial operations are to start in January 2019 and to contribute to establishing a stable supply of PVC to meet growing demand in the Philippines and elsewhere in Asia.
Strong infrastructure investment in the Philippines, primarily in water and sewer systems as well as building and construction, is propelling demand in the country for PVC. Demand is particularly robust for PVC pipes and other building materials and is expected to remain so. The Philippine market suffers from a shortage of PVC resin production capacity. And PRII’s doubled capacity will position it to help overcome that shortage and to meet expanding market demand. PRII’s heightened PVC production capacity will also enable the Tosoh Group to respond to rapidly increasing demand for PVC products throughout Asia and will improve the profitability of Tosoh’s vinyl chain business.
Project Outline
Facilities: PVC production facilities
Production capacity: 110,000 metric tons/year
Capital spending: US$44.0Million
Construction period: February 2017–December 2018
Commercial operations: January 2019
PHILIPPINE RESINS INDUSTRIES, INC.
Philippine Resins Industries, Inc. (PRII), was established in May 1994. The company is 20% owned by Mitsubishi Corporation and 80% owned by Tosoh Corporation and is engaged in polyvinyl chloride (PVC) production and sales. PRII’s head office is in Makati City, the Philippines.