By MARI IWATA
TOKYO -- Toyo Engineering Corp. said Wednesday it has
received a contract to build a 15,000-tpy synthetic resin
production plant in Houston, Texas, from Nippon Synthetic
Construction of the plant is
scheduled to begin this summer and to be completed at the
end of 2014, Toyo Engineering said in a statement.
The value of the deal wasn't specified.
The project will add the third
production line to Nippon Synthetic's two existing lines to
meet rising global demand for plastics for food packaging, and
to take advantage of less costly petrochemical feedstocks in the US where supply
has been abundant, thanks to booming shale oil and gas
production, the statement said.
Several Japanese petrochemical companies have
announced plans to invest in the US in response to the shale
boom. On Monday, Idemitsu Kosan Co. and Mitsui & Co. said
they will study feasibility of a petrochemical plant in the US.
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