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

Formosa to be compensated for Vietnam riot

July 28, 2014 1:44 pm ET

Taiwan's Formosa Plastics Group will receive $2.39 million from the Vietnamese government and insurance companies for damages suffered during the...    More

Image

Ukraine's Group DF may be forced to sell Crimea-based additives plant

July 28, 2014 10:12 am ET

Group DF, the industrial business of Ukrainian tycoon Dmitry Firtash, may be forced to sell off Eastern Europe's biggest producer of titanium oxide,...    More

Image

Gear pump maker Witte expands in Germany and USA

July 25, 2014 2:15 pm ET

Witte Pumps & Technology GmbH, the German maker of gear pumps for extrusion, has moved into a new headquarters factory in the Hamburg area, and the...    More

Image

Austrian mold maker seeking North American manufacturing partner

July 25, 2014 1:49 pm ET

An Austrian mold maker is looking for a manufacturing location in North America.    More

Image

DuPont resins help take Nike golf balls 'Fore!'ward

July 25, 2014 1:07 pm ET

It may be difficult to imagine just how much science, not to mention rubber and plastic components, go into a golf ball. But global giant DuPont Co. b...    More

Market Reports

Plastics Recyclers Data Report & Directory

This exclusive MS Excel database contains all the companies from Plastics News' ranking of top North American Recyclers and Brokers by reprocessed volume and also includes a directory with materials processes, services offered and company contact information. Data is based on primary research by PN editorial staff.

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

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

January 14, 2015 - January 14, 2015Plastics in Automotive

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

More Events