Daicel Delays New COC Resin Plant as EU Packaging Shift Slows Demand
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Daicel has postponed the start of operations at its new cyclic olefin copolymer (COC) resin plant in Germany from April 2026 to Q4 FY2027 due to slower demand growth and rising construction costs. The delay is attributed to the EU's Packaging Regulation, which has shifted the market's transition timeline to 2030, impacting near-term demand and profitability. Daicel is reassessing its business plan and forecasts a decline in COC resin sales for FY2026 before growth resumes in FY2027. The current analyst rating for Daicel stock is a Hold with a price target of Yen1620.00.
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