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 Packaging, Mergers & Acquisitions, 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

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,...    More

Image

Sealed Air moving headquarters, 1,200 jobs to Charlotte, N.C.

July 23, 2014 2:06 pm ET

Sealed Air Corp. — which is known for its Bubble Wrap brand — is moving its headquarters from Elmwood Park, N.J., to Charlotte, N.C., and ...    More

Image

Successful packaging is about more than the materials you use

July 23, 2014 1:49 pm ET

“People do not forget how packaging makes them feel," says Marla Donahue. "Remember how frustrated you felt when you couldn't get that packaging...    More

Market Reports

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

Plastics Recycling Market Review & Outlook 2014

This special report from Plastics News examines the North American plastics recycling industry and provides insight into indicators that impact market viability, including Resin pricing trends for virgin and recycled market material and historical Resin production trends for post- consumer and industrial waste.

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

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

More Events