Japan’s Sumi-tomo Chemical Cohas said it would set up a joint venture with Toyo Ink Manufacturing Co to build a petrochemical plant in southern China.

Sumitomo said the joint venture — 55 per cent held by Sumitomo and 45 per cent by Toyo — will be set up in May. Operations at the plant in Zhuhai, which will cost 950 million yen ($8.93 million) to build, will start around next year.
The plant will initially have a production capacity of  10,000 tonnes of polypropylene per year, which will be doubled soon after it starts
operations, the company said.
Sumitomo said the output from the plant will be mainly supplied to Japanese companies’ automobile plants in southern China.