IDEMITSU LUBE (MALAYSIA) SDN. BHD. (Singapore Branch)

SPS resin is a purely Japanese engineering plastic that we succeeded in synthesizing for the first time in the world in 1985 and achieved global-first commercialization in 1997. It has the characteristics of outstanding heat resistance (melting point 270°C), hot water resistance, electrical insulation, and radio wave permeability. SPS resin is widely used in automotive parts including those for electric vehicles, home appliances, and daily-use products such as tableware and microwave oven cooking containers, and the demand is expanding. Pasir Gudang, Malaysia, where the second SPS production plant has been constructed, is one of our key manufacturing sites for petrochemical products. The construction of the plant has been promoted because it is located in Southeast Asia, where demand is expected to grow, and it is possible to procure SM (styrene monomer), the raw material for SPS, from Idemitsu SM (Malaysia) Sdn. Bhd., a subsidiary of Idemitsu, which is located next to the SPS plant. We will optimize supply by establishing a two-location system with the first SPS production plant, and strengthen efforts to expand sales.