Firms setting up LDPE film venture in Thailand

By Steve Toloken
News Editor / International

Published: October 22, 2012 6:00 am ET

Related to this story

Topics Mergers & Acquisitions Packaging Film & Sheet
Companies & Associations

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
News Editor / International

Published: October 22, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Amcor buys Nampak Flexibles

March 31, 2015 3:31 pm ET

Australian packaging giant Amcor Ltd. has bought South African-based Nampak Holdings Ltd.'s Nampak Flexibles division.    More

Image

Uponor sells plastic pipe machinery business to focus on core units

March 30, 2015 2:13 pm ET

Uponor Corp., the Finland-based maker of plastic pipe systems for plumbing, underfloor heating and cooling and infrastructure, announced March 30...    More

Image

Dow Chemical to merge chlorine operations with Olin

March 27, 2015 12:43 pm ET

Dow Chemical Co. is combining a large part of its chlorine value chain with specialty chemicals and ammunition maker Olin Corp. to create a global...    More

Image

Flextronics launches global injection molding, tooling unit

March 26, 2015 4:29 pm ET

Flextronics International Ltd. (Booth S34125) is officially launching Precision Plastics, a global injection tooling and manufacturing unit, as a...    More

Image

Core Molding buys CPI Binani assets, adds markets, D-LFT capabilities

March 20, 2015 1:20 pm ET

Core Molding Technologies Inc. is expanding its thermoplastics capabilities with the acquisition of substantially all the assets of CPI Binani Inc., o...    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

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

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

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

More Events