Philippine Resins Industries, Inc. (PRII) – a commitment in providing for high quality resins to the domestic market
The Philippine Resins Industries, Inc. (PRII) provides the Philippines domestic market with its state-of-the-art technology in producing for high quality grade polyvinyl chloride (PVC) resins. But aside from producing five grades of suspension-type PVC resins, which are aligned to international standard, PRII also accepts specifications that can be adjusted in accordance with the quality and process demands/requirements of customers. And while being domestic-based, PRII is able to provide just-in-time delivery of its finished products, thus, allowing its customer to better manage their productions.
The current capacity of PRII is 100,000 MT but it plans to expand its current capacity to 200,000MT per year to provide sufficient supply to the domestic market. Long term plan also includes full integration with Chlor-Alkali (CA), Ethylene Dichloride (EDC) and Vinyl Chloride Monomer (VCM) facility, as a means to sustain global competitiveness.
PRII has been in the business for 15 years since it started its commercial operations in 1999. But under a pioneering status, it was registered with the Board of Investments in May 1994 with a registered annual capacity then of 70,000MT, using state-of-the-art production process licensed from Tosoh Corporation. After the first debottlenecking (DBN1) in 2001, name plate capacity was increased to 90,000MT. In April 2004, DBN2 was undertaken which increased its production to its current capacity.
To be able to sustain competitiveness, there is need to continue optimizing productivity and reducing cost in all areas of operation. The major items affecting cost, aside from volatility of raw material prices, are on utilities (mainly power, water and fuel) and distribution costs. It is a known fact that the Philippines has one of the highest power rate in the region and this significantly impacts on the viability of local industries. Likewise, trucking/distribution cost is affected not only by the rising fuel cost, but also government ordinances such as anti-overloading law and truck ban.