Firms setting up LDPE film venture in Thailand

By Steve Toloken
Staff Reporter / Asia Bureau Chief

Published: October 22, 2012 6:00 am ET

Related to this story

Topics Mergers & Acquisitions, Packaging, Film & Sheet

BANGKOK (Oct. 22, 1:40 p.m. ET) — Japan’s Mitsui Chemicals Tohcello Inc. and Thailand’s SCG Chemicals Co. Ltd. are setting up a joint venture in Thailand to make linear low density polyethylene sealant film.

The facility will open in early 2014 in Rayong, and will have capacity for 15,000 metric tons per year of Mitsui’s T.U.X. brand film, a high-strength cast film designed to improve resistance to tearing and leakage.

The Tokyo-based company said rising demand for better food packaging in Southeast Asia prompted the 1.45 billion yen (US$18.2 million) investment.

The venture will be 55 percent owned by Mitsui and 45 percent by Bangkok-based SCG, which is one of Thailand’s largest resin producers and is unit of Siam Cement plc. The two companies have other joint ventures.

Speaking at the Flexpo Bangkok conference Sept. 17-19 in Thailand, Mitsui officials said it is the company’s first investment for T.U.X. film outside of Japan, and follows a decision last year to strengthen production globally.

The investment will give Mitsui Tohcello 65,000 metric tons of T.U.X. capacity worldwide. Mitsui Tohcello is a subsidiary of Mitsui Chemicals Inc.


Comments

Firms setting up LDPE film venture in Thailand

By Steve Toloken
Staff Reporter / Asia Bureau Chief

Published: October 22, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Sealed Air's move to Charlotte will put it all under 'One Roof'

July 25, 2014 2:03 pm ET

Sealed Air Corp. shook the ground last week by announcing plans to relocate its headquarters from Elmwood Park, N.J., to Charlotte, N.C., in a move...    More

Image

Metals and plastics company NN to buy Autocam in $300 million deal

July 25, 2014 10:07 am ET

A Tennessee metals and plastics company said it has agreed to acquire auto parts supplier Autocam Corp. in a deal valued at $300 million.    More

Image

Bemis' product strategy paying off with record earnings per share

July 24, 2014 2:56 pm ET

Bemis Co. Inc. is feeling good about itself these days as the flexible packaging and pressure sensitive materials firm is posting record earnings per ...    More

Meredian merging with Danimer Scientific

July 24, 2014 1:59 pm ET

Bioplastics maker Meredian Inc. is merging with its sister firm, Danimer Scientific LLC.    More

Image

Injection molder, recycler Polyvulc USA puts itself up for sale

July 24, 2014 12:41 pm ET

Fred Farrell and Larry Lambiotte, founders of Polyvulc USA Inc. and its subsidiaries Polyvulc Tire Recycling Llc and Winnsboro Rubber Recycling LLC, a...    More

Market Reports

Plastics Recyclers Data Report & Directory

This exclusive MS Excel database contains all the companies from Plastics News' ranking of top North American Recyclers and Brokers by reprocessed volume and also includes a directory with materials processes, services offered and company contact information. Data is based on primary research by PN editorial staff.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

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

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

More Events