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

Canadian mold maker Thibault adding to new operation in Mexico

August 27, 2014 3:19 pm ET

Canadian mold maker I Thibault Inc has purchased an established Mexican company, Tecnimoldes SA de CV, for a seven-figure-dollar-sum and renamed it...    More

Image

Design, materials, engineering finding a faster way forward

August 27, 2014 1:50 pm ET

Engineering and design specialists at Altair Thinklabs and Eastman Chemical Co. have developed prototypes that would not just help Paralympics...    More

Image

Design Stories: Young designers showing the way in adaptive design

August 27, 2014 12:12 pm ET

Amanda Bolton, then 19, decided to change her major at the University of Cincinnati from fine arts to industrial design, creating products for people ...    More

Image

Sony entering recycled PC market

August 27, 2014 11:08 am ET

Consumer electronics giant Sony Corp. is getting into a sideline of selling recycled resins.    More

Image

PolyOne expands special effects offerings for PET

August 27, 2014 11:03 am ET

PolyOne Corp. has added a new line of shimmer and frost-effect colorants to its InVisio line of color services and solutions.    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

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

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