 |
|
|
 |
|
|
|
|
| December 6, 2002 |
|
| Concerning Reinforcement of Competitiveness in Vinyl Chloride Business |
|
| V-Tech Corporation |
|
When the environment surrounding vinyl chloride business has increasingly become severe, V-Tech Corporation (Head Office: Chiyoda-ku, Tokyo; President: Nobukazu Imamura) will implement the following measures to reinforce its competitiveness. The company expects to grow together with its customers by stably providing them with better quality products and swiftly responding to their needs.
| 1. |
Concerning polyvinyl chloride resins (PVC), while the company will stop a part of its manufacturing facility at Kawasaki and Yokkaichi Plants from early 2003, it will further improve the productivity throughout its manufacturing facility, thereby realizing a substantial cost reduction. With this, its production capability will become 334,000 tons per year from the current 390,000 tons per year. |
| 2. |
Concerning vinyl chloride monomers (VCM), the company will terminate its transaction of VCM with Central Chemical Co., Ltd. as from March 31, 2003. Meanwhile, with its established technology to improve productivity, the company will expand the production capability of its manufacturing facility at Mizushima Plant (300,000 tons a year) to 350,000 tons a year in June 2003. |
| 3. |
Concerning ethylene dichloride (EDC), an intermediary raw material, the company will establish an organization to produce the total amount of EDC to fit to the production capability of VCM by its own by gradually expanding its chlor-alkali manufacturing facility at Mizushima Plant for one year from January 2003. With this, the company will be able to avoid the influence of import of high-price EDC thereby realizing a further stable business structure. |
By implementing these measures, the company will establish a competitive organization of consistent production covering from raw material of ethylene and chlorine to PVC.
| For further information, please contact |
| Planning and Administration Dept., |
| V-Tech Corporation |
| Tel: [+81]-(0)3-5275-1021 |
| Public Relations and Investor Relations Dept., |
| Mitsubishi Chemical Corporation |
| Tel: [+81]-(0)3-3283-6274 |
|
|
|
 |
|
|
|
