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

Major packaging merger includes plastics operations

January 26, 2015 12:24 pm ET

A merger of packaging companies MeadWestvaco Corp. and Rock-Tenn Inc. will create a new company with nearly $16 billion in annual sales.    More

Image

J6 Polymers to buy Stepan unit

January 26, 2015 12:22 pm ET

NORTHFIELD, ILL. — Stepan Co. plans to sell its specialty polyurethanes systems business to J6 Polymers LLC in a cash deal.    More

Image

Oxo-biodegradable lobby slams 'scaremongering'

January 26, 2015 12:16 pm ET

Single-use plastic carrier bags made from biodegradable material should be exempted from the government’s proposed 5p-a-bag levy in England,...    More

Image

Berry's rebranded Blue Clover expands packaging design reach

January 23, 2015 1:59 pm ET

As design director of Berry Plastics Corp.'s rebranded packaging design studio, Scott Fisher believes the new name of Blue Clover Studios cuts the...    More

Image

W&H buys bigger stake in BSW

January 23, 2015 10:43 am ET

Windmoeller & Hoelscher KG will get more involved in flexible packaging machinery through its bigger stake in machinery maker BSW Machinery Handels-Gm...    More

Market Reports

Plastics in Automotive: Innovation & Emerging Trends

This special report newly released by PN and sponsored by The Conair Group examines current trends in the use of plastics in automotive, materials innovations and the changing landscape. It includes a review of legislative/regulatory activity impacting vehicle development and lightweighting, market opportunities & challenges for mold and toolmakers, innovative design strategies being implemented by major OEMs and suppliers, as well as a review of key indicators in Canada, Mexico, Brazil and China.

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 Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Upcoming Plastics News Events

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

More Events