Daicel Chemical Industries, Ltd. has established a plan to build a cellulose acetate facility for the production of film for liquid crystal displays (LCDs).
Along with the expansion of the LCD market, demand is rising sharply for cellulose
acetate LCD film, and is expected to surge dramatically in future.
To take full advantage of the opportunity offered by this expansion in the market, the
Company has drafted a plan as shown below to set up facilities specializing in this
product with a view to further strengthening its earnings base.
Based on the above plan, the Company is proceeding with preparations for the first stage
in the construction of the cellulose acetate LCD film facilities, which is scheduled to start
in December 2004 and be completed in December 2005. Further construction will be
determined appropriately in consideration of trends in demand.