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

Small is beautiful in Nissei's newest press

November 21, 2014 2:14 pm ET

Responding to customer demand for flexibility, Japanese plastics-equipment manufacturer Nissei Plastic Industrial Co. Ltd. is demoing a caster-...    More

Image

Three advancements have driven injection molding technology

November 21, 2014 6:00 am ET

Injection molding technology has made major advances in the last 25 years, from largely a world of shoot-and-ship to doing as much as possible at the ...    More

Image

Renners leaving Sumitomo (SHI) Demag

November 21, 2014 10:01 am ET

Christian Renners is leaving injection molding press manufacturer Sumitomo (SHI) Demag Plastics Machinery GmbH, the company announced Nov. 21.    More

Image

Dow reaches agreement with Third Point

November 21, 2014 9:11 am ET

Dow Chemical Co. has reached an agreement with the investment firm that has been trying to force the company to sell off some assets.More

Image

Ineos making its UK shale play

November 21, 2014 9:29 am ET

Chemical giant Ineos Group AG is planning to be the biggest player in the United Kingdom's shale gas industry.    More

Market Reports

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

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

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

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

More Events