Toray to build compounding plant in western China

By Steve Toloken
Staff Reporter / Asia Bureau Chief

Published: August 3, 2012 6:00 am ET

Related to this story

Topics Automotive, Consumer Products, Materials, Suppliers

TOKYO (Aug. 3, 10:15 a.m. ET) — Hoping to tap into growth in the automotive, home appliance and computer manufacturing markets in western China, Japan’s Toray Plastics Co. Ltd. is building a compounding plant in Chengdu, Sichuan province, its third in the country and first away from the traditional coastal manufacturing zones.

The 1 billion yen ($12.78 million) facility is scheduled to open in October 2013 with an annual capacity of 24.2 million pounds, the company said in a July 24 news release.

Tokyo-based Toray said it would target applications with polyphenylene sulfide (PPS), nylon and polybutylene terephthalate (PBT). It said it would in the future add compounding specialty resins such as liquid-crystal polymers with carbon fiber for higher-value applications.

It said demand for engineering resins in auto and home appliance markets is growing 12 percent a year in China, but 17 percent a year in west China.

Other multinationals are investing there. American computer maker Dell Inc., for example, is building a sizable manufacturing plant in Chengdu, to complement an existing factory campus on the country’s more developed coast, in Fujian province.

Toray said the investment is part of a strategy to boost growth in emerging markets in Asia.

The company also has engineering plastics compounding facilities in Shenzhen, Guangdong province, and Suzhou, Jiangsu province.


Comments

Toray to build compounding plant in western China

By Steve Toloken
Staff Reporter / Asia Bureau Chief

Published: August 3, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Blow molding machinery maker opens first plant in Taiwan

October 1, 2014 1:27 pm ET

Taiwanese equipment maker Kin Precision Industry Co. Ltd. has opened a 2,000-square-meter, 25-employee factory in Taichung, Taiwan, with an eye to...    More

Image

Global Plastics Summit puts PE prices in the spotlight

October 1, 2014 3:17 pm ET

Product manufacturers may start to shift away from polyethylene because of high prices, according to two major plastics processors.    More

Image

Speaker: Many issues can affect multi-cavity molds

October 1, 2014 2:02 pm ET

There are several conditions necessary across all cavities of a multi-cavity mold to ensure that all parts are produced the same. These include...    More

Image

Nucleation offers solution to shrinkage in HDPE closures

October 1, 2014 1:57 pm ET

For caps producers, nucleation can provide a practical solution to eliminate shrinkage variations in high density polyethylene beverage closures....    More

Image

Dow loses appeal in price fixing case

October 1, 2014 11:10 am ET

The Reuters press agency reports that a federal appeals court in Denver has rejected Dow Chemical Co.'s attempt to overturn a $1.06 billion fine impos...    More

Market Reports

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our industry analysis highlights macro industry trends and micro trends faced by companies that do business in Mexico. The report also provides key industry statistics and forecasts to anticipate future industry expansion.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events