DIC Commences Commissioned Production of Polystyrene in Thailand iwith TSCL

DIC announced that it began consigned production of polystyrene, used in food packaging, in collaboration with Thai Styrenics Company Limited (TSCL) a subsidiary of PTT Global Chemical Public Company Limited (PTTGC) of Thailand, in early 2017.
 
TSCL is a leading manufacturer of polystyrene whereas PTTGC represents Thailand’s integrated petrochemical and refining business and a leading corporation in Asia-Pacific, strengthened with its diversity of product in aromatics and olefins including wide range of polymer products.
 
While shipments of polystyrene in Japan are currently stable, underpinned by firm demand for food trays—attributable to growth in the market for prepared foods prompted by an increase in single-person households—and for insulating materials containing expanded polystyrene, they are expected to taper off over the medium to long term. DIC thus recognizes the creation of overseas sales channels as an urgent challenge.
 
Collaboration with TSCL will ensure DIC’s ability to provide a stable supply of high-grade products. On the sales front, DIC will make effective use of DIC Group bases in Asia to ensure timely responsiveness and build customer trust, with the goal of increasing its regional polystyrene sales by 130% from the fiscal year 2015 level by fiscal year 2025.