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

Smithers Group relocating some jobs to Ohio

December 19, 2014 10:05 am ET

Smithers Group will relocate its North American Information business unit from Portland, Maine, to Akron, Ohio, and as a result will move more than...    More

Image

Patel named LyondellBasell CEO

December 19, 2014 9:56 am ET

Bhavesh V. “Bob” Patel has been named CEO of Houston-based polyolefins producer LyondellBasell Industries NV, effective Jan. 12.    More

Image

Momentive to get a new name in January

December 19, 2014 9:45 am ET

Momentive Specialty Chemicals Inc. will change its name to Hexion Inc., effective Jan. 15.    More

Image

Thailand's SCG Chemicals buying Norwegian chemical firm Norner

December 19, 2014 9:11 am ET

Thailand's SCG Chemicals Co. Ltd. has announced it has acquired 51 percent of the shares in the independent petrochemical company Norner Holding AS...    More

Image

BASF to sell its share in Singapore JV

December 19, 2014 8:37 am ET

BASF SE has announced that it has reached an agreement for it to sell its share in the 50-50 joint venture ELLBA Eastern, at Jurong Island, Singapore ...    More

Market Reports

Flexible Packaging Trends in North America

Our latest RESEARCH report examines trends in FLEXIBLE PACKAGING impacting the North American market including a review of economic conditions, key drivers of growth, materials pricing, M&A activity, sustainability challenges and the outlook for 2015.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

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

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

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

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events