New Toray plant to tap into growth in Indonesia

By Nina Ying Sun
Assistant Managing Editor

Published: October 23, 2012 6:00 am ET

Related to this story

Topics Materials, Suppliers

TOKYO (Oct. 23, 12:15 p.m. ET) — Toray Industries Inc. has announced plans to establish a new resin compounding base in Indonesia, which, once completed, will become the first compounding facility by an engineering plastics manufacturer in that country.

Toray will invest approximately 600 million yen (US$7.6 million) to build the nylon and PBT resin compounding facility with an annual capacity of 6,000 metric tons. The new facility is expected to start operation in November 2013, Toray said a news release.

Through this expansion, Toray aims to be the first engineering plastic company to capitalize on the growing demand in that market, which is expected to increase by an annualized rate of about 9 percent from 21,000 tons a year in 2011 to 45,000 tons in 2020.

Indonesia – the largest economy in the ASEAN region – has been growing at a rate of 6 percent per year, and its automotive production is estimated to rise to more than 2 million units from 840,000 units in 2011. In addition, Toray said, Indonesia’s electrical and electronics markets are also expanding.

The new compounding plant will be operated by Toray’s majority owned subsidiary P.T. Indonesia Toray Synthetics in Tangerang, Banten province. ITS also has a local nylon polymerization facility.

Toray said the localization of the production will provide swift response and meticulous technical service to customers.


Comments

New Toray plant to tap into growth in Indonesia

By Nina Ying Sun
Assistant Managing Editor

Published: October 23, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Celanese buys conductive polymer supplier

October 21, 2014 4:31 pm ET

Materials firm Celanese Corp. has acquired most of the assets of conductive polymers maker Cool Polymers Inc. for an undisclosed price.    More

Image

Asia continues driving sales for Engel

October 21, 2014 2:42 pm ET

The number seven seems to be special for European plastics machinery makers at the moment — injection press giant Engel Holding GmbH said Oct....    More

Image

BASF targets coffee and automotive connoisseurs with new resin grades

October 21, 2014 2:07 pm ET

BASF SE is using polybutylene terephthalate (PBT), which is normally used to manufacture high-end electronics, in a food consumer packaging product.    More

Image

Trexel charges patent infringement against Taiwan company

October 20, 2014 3:25 pm ET

Trexel Inc., the supplier of the MuCell microcellular foaming technology, is accusing a Taiwanese company, Chuan Lih Fa Machinery Works, of violating ...    More

Materials firm realigns business divisions

October 20, 2014 1:23 pm ET

Trinseo S.A., formerly known as Styron L.L.C., is realigning its business divisions, creating two new business groups — Performance Materials an...    More

Market Reports

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 million dollar 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

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

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

More Events