Outline of Genestar Business. September 11, 2018

Transcription

1 Outline of Business September 11, 2018

2 What is? Well-balanced of (80 C ; after water absorption), also known as PA9T, is a heat resistant polyamide resin which Kuraray has developed using its unique monomer stability exhibits the lowest level of water absorption among heat resistant polyamide resins Abrasion resistance PPS PA46 10,000 Tensile modulus (stiffness); MPa demonstrates superior physical in a wide range of temperature and humidity settings, distinguishing it from other polyamide resins. It can be used for a broad range of applications in various fields Heat resistance (Compatibility with SMT/reflow soldering) High voltage resistance (Tracking resistance) PA6T LCP ジェネスタ PA66 PA46 PA6T 1,000 Maintains superior stiffness in a wide range of temperature settings Temperature 250 Note: Measured using samples that had absorbed water 2

3 Production Sites Saijo Plant 4,000 t/year Kashima Plant 9,000 t/year With the annual production capacity of the Kashima Plant having been expanded by 3,000 tons in 2013, the total production capacities of Kashima and Saijo plants amount to 13,000 tons per year Plans to complete construction of a new plant in Thailand by the end of 2021 will help increase annual output by an additional 13,000 tons per year 3

4 Overview of the New Plant in Thailand Background Planned production items: PA9T (), HSBC (SEPTON) and MPD Current status of sales and production Sales continue to increase owing to demand expansion and market growth Existing production facilities will reach the full capacities around 2020 Business environment Due to the decrease of naphtha crackers operating in Japan, procurement of butadiene and isobutylene in Japan will become more difficult Establishment of global supply system is increasingly important to fulfill the growing demand in overseas market Factors behind our decision to launch the production facility in Thailand Favorable business conditions Joint venture with raw material producer and partner company equipped with robust business network in Thailand Promising market with growing demand Heartland of ASEAN, exhibiting outstanding economic growth Abundant Well-developed infrastructure infrastructure Various companies in automotive and chemical industries 4

5 Business Scheme PTTGC Brand strength in Thailand and Southeast Asia Kuraray Production and development technologies and marketing capabilities Sumitomo Corporation Global marketing channels PTTGC PTT Group Kuraray GC Advanced Materials (a joint venture established by the three companies) Kuraray (53.3%), PTTGC (33.4%) and Sumitomo Corp. (13.3%) Butadiene PA9T () production: 13,000 t/year HSBC (SEPTON) production: 16,000 t/year Utilities Isobutylene Kuraray Advanced Chemicals (Thailand) Wholly owned Kuraray subsidiary MPD production: 5,000 t/year Expanding our business globally 5

6 Sales and Technical Service Structure Europe India China South Korea Japan Singapore United States Brazil Assign sales and technical service staff to eight locations around the world Increase the number of staff operating in China and India and reinforcing our network to serve the European and U.S. automotive industry Engage in solution proposals (products & mold design assistance, CAE analysis) 6

7 Examples of Applications Electrical & Electronics Automotive Automotive connectors USB FPC connectors Automotive cameras Thermostat housing Intercooler tanks Fuel tubes DDR connectors Camera modules LED reflectors Automotive switches Servomotor gears used in air conditioners Gears used in headlamp actuators 7

8 Market Trends and s Value for Customers Market trends & Driving forces Auto components trends & Material requirements Advantages of Customers choose Market trends Driving forces Components trends Target components Material requirements Advantages of Automotive Eco-friendliness Safety Tightening regulations of Hydrocarbon emission Autonomous driving & Connected cars Vehicle weight reduction Reduction in fuel emission Electric control in vehicle Size reduction & use of plastics Better fuel barrier Increase of automotive electronics Gears Fuel tubes Automotive connectors (SMT) stability & Fuel barrier stability & PA46/6T POM PA11/12 PA46/6T LCP stability Fuel barrier stability Next-generation cars Electric Vehicles Higher millage Higher voltage Larger battery capacities Lighter vehicle bodies Higher voltage management Thermal management (heat from battery) Use of multiple materials (steel, aluminum, plastics, etc.) Size reduction (shorter creeping distance) Battery cooling Use of plastics (CFRTP) Components used with high voltages Coolant tubes Vehicle frames High voltage resistance & stability Coolant barrier Stable PPS PA46/6T PA11/12 PA6 High voltage resistance stability Coolant barrier Stable physical Electrical & Electronics,etc. 5G communications (high speed and large volume) Higher performance of industrial devices Next-generation memory devices (DDR5) Higher power requirement in power modules SMT become mandatory in DDR5 standard Larger current management & Size reduction Connectors for DDR5 Industrial devices stability & High voltage resistance & stability PA46/6T LCP PPS PA46/6T stability High voltage resistance stability 8

9 Automotive (1) Gears Market trend Driving force Components trend Material requirements Tightening regulations of hydrocarbon emission Vehicle weight reduction Size reduction & use of plastics stability & In response to tightening hydrocarbon emissions regulations, more vehicles will incorporate miniaturized plastic components to reduce weight The number of actuators in vehicle (containing gears) will increase with advances in automotive functions and widespread use of electronically controlled components will help in the advancement of the use of miniaturized plastic gears due to its dimensional stability and strength Gears in HVAC actuators Gears in headlamp actuators Advantages of (Old) Conventional engineering plastics Insufficient gear strength in smaller size (new) 40% reduction in size, with maintaining sufficient gear strength As these parts are placed just beneath headlamps, which emit extreme heat, they must have the heat resistance and strength to withstand temperatures of more than 100 C Headlamp actuator: A driving safety assistance system that coordinates with the steering system and directs the headlight beam toward the vehicle s direction of travel to enhance road visibility. A growing number of automotives, including popular models, are incorporating headlamp actuators. stability POM PA6T PA46 ( After water absorption) 9

10 Automotive (2) Fuel tubes Market trend Driving force Components trend Material requirements Tightening regulations of hydrocarbon emission Reduction in fuel emission Better fuel barrier Fuel barrier Due to tightening hydrocarbon emission regulations, demand for fuel barrier in fuel tubes continues to grow to reduce fuel emission has become popular due to its superior fuel barrier Hydrocarbon emission regulations have been tightening in Europe, USA and Japan, as well as in China and India PA12 Engine Feed line Vapor line Fuel tank Oligomer: A molecular complex that consists of a few monomer units. To meet growing calls for higher fuel efficiency, a number of engine makers have adopted fuel spraying systems that atomize fuel into smaller particles. This, however, sometimes leads to the clogging of spray nozzles due to oligomers eluted from plastic tubes into fuel. Because exhibits low oligomer content, it is being adopted by a growing number of engine makers. Fuel barrier High Advantages of PA11/12 Content of Oligomer Low 10

11 Automotive (3) Automotive Connectors (SMT) Market trend Driving force Components trend Material requirements Autonomous driving & Connected cars Electric control in vehicle Increase of automotive electronics stability & Increase of electrically controlled components in automotive has created rising demand for more compact components in size as well as for production yield improvement Since SMT (surface mount technology) has been applied to the production of automotive components to improve the productivity, plastics for connectors mounted on the printed circuit board should be resistant to heat in the reflow soldering oven will be more widely used for SMT connectors in automotive due to its dimensional stability and strength. Three-directional floating BtoB connector Z-Move TM (IRISO Electronics Co., Ltd.) The first of its kind in the world, this connector boasts a unique structure that allows it to bend on three axes Vibration resistance: Contact points are fixed even when exposed to intensive vibration Heat resistance: Able to withstand temperatures of up to 125 C, the connector can be used in high-heat segments near the engine (Information provided by IRISO Electronics Co., Ltd.) stability Advantages of LCP PA46 PA6T ( After water absorption) 11

12 Next-Generation Cars (1) High-Voltage EV Components Market trend Driving force Components trend Material requirements Higher millage (higher voltages) Higher voltage management Size reduction (shorter creeping distances) High voltage resistance & stability High voltage components used in EV (electrical vehicle) tend to become larger in size due to the need to create the creeping distance for insulation Demand for materials with high voltage resistance (tracking resistance) will grow in EV components will be used for high-voltage insulation components to shorten the creeping distance, employing its high voltage resistance High-voltage insulation components <Advantages ジェネスタ> of の優位性 Distance necessary for securing insulation Bus bar Bus bar Insulation material PPS, etc. (CTI: 200V) Shortening distances necessary for insulation Bus bar Bus bar Insulation material (CTI: 600V) stability PPS PA6T PA46 High voltage resistance (Tracking resistance) 12

13 Next-Generation Cars (2) Coolant tubes for EV Batteries Market trend Driving force Components trend Material requirements Higher millage (larger battery capacities) Thermal management (heat from battery) Battery cooling Coolant barrier Use of batteries with larger capacities will present EV (electric vehicle) manufacturers with growing demand for thermal management solutions Water-cooling systems have become popular s coolant barrier are expected to prevent the battery from degradation and short circuit caused by water adhesion Battery Coolant tubes Coolant barrier <Advantages ジェネスタ> of の優位性 PA11/12 13

14 Next-Generation Cars (3) Structural components Market trend Driving force Components trend Material requirements Higher millage (Vehicle weight reduction) Use of multiple materials (steel, aluminum & plastics) Use of plastics (CFRTP) Stable physical Due the considerable weight of batteries, EV (electric vehicle) manufacturers need for further weight reduction to increase the millage Vehicle manufacturers will use multiple materials (steels, aluminum and plastics) in accordance with the required property in each structural component to optimize the cost, the performance and the weight Replacing steels with carbon fiber reinforced thermoplastics (CFRTP) in some car structural components will be expected for further weight reduction will be appropriate as a matrix resin of CFRTP due to its stable physical in a wide range of temperature settings and high-humidity environments physical of CFRTPs <Advantages ジェネスタ> of の優位性 Flexural modulus (GPa) PA9T-based CFRTP PA6-based CFRTP (after water absorption) (after water absorption) PA9T boasts stable physical despite highhumidity conditions PA6 s physical significantly deteriorate in high-humidity conditions Stability of physical after water absorption PA6 Stability of physical at fluctuated temperature 14

15 Electrical & Electronics DDR5 Connectors Market trend Driving force 5G network (higher speed and larger volume) Next-generation memory devices (DDR5) Components trend Material requirements SMT become mandatory in DDR5 standard High voltage resistance & stability DDR5 DRAM memories have been developed for the next-generation servers and computers with the coming of 5G network DDR5 connectors (DIMM sockets) require resistance to heat in reflow soldering since SMT (surface mount technology) is mandatory in the standard for DDR5 will be applied to DDR5 connectors, taking advantage of its dimensional stability and strength stability ジェネスタ Advantages of の優位性 LCP PA6T PA46 DDR Connector DIMM socket After water absorption 15

16 Industrial Devices / Trains /New energies, etc. Market trend Driving force Components trend Material requirements Higher performance of industrial devices Higher power requirement in power modules Larger current management & size reduction High voltage resistance & stability Power modules are widely used in industrial devices, trains and new energies for higher performance With higher power requirement in power modules, there are demands for larger current management and size reduction in the components will be more widely used for these products, utilizing its resistance to heat generated from large currents, high voltage resistance and dimensional stability <Advantages ジェネスタ> of の優位性 High-voltage insulation component (power module casing) stability PPS PA6T PA46 High voltage resistance (Tracking resistance) 16

17 Future Plan for Business Sales volume expansion in the automotive market Internal combustion engine cars / Automotive electronics / Next-generation cars Automotive Sales area expansion to global market Emerging countries (China & India, etc.) / Europe / USA Electrical and electronics (Automotive) Electrical and electronics (consumer goods & industrial devices) LED Other Proportions as of 2017 The new plant in Thailand in full operation Estimation for 2026 (Centennial of Kuraray s founding) 17

18 18