Japan's Toray opens film plant in Taiwan

By Steve Toloken
Staff Reporter / Asia Bureau Chief

Published: February 15, 2013 2:32 pm ET
Updated: February 15, 2013 2:35 pm ET

Related to this story

Topics Film & Sheet, Extrusion, Computers & business machines

TOKYO -- Japan's Toray Advanced Film Co. Ltd. opened a new manufacturing plant for surface protection films in Taiwan in late January, to meet growing demand in the LCD television and display panel industry.

The facility in Kaohsiung, Taiwan, is the first outside of Japan for Toray to manufacture its Toretec brand of polyethylene-based film, which are used in manufacturing light guide plates and as plastic sheet, and is expected to steadily increase its production to 17,000 metric tons per year.

Taiwanese firms have the largest market share worldwide for making light guide plates, which are needed to produce LED-based liquid crystal displays, Tokyo-based Toray said.

"Demand for surface protection film is rapidly increasing across Asia led by demand in luminance improvement films and light guide plates," Toray said, adding that it " has been fully utilizing its production capacity against the backdrop of robust global demand, but further increase in capacity became imperative as supplies have not been keeping pace with demand."

Toray said it also chose to manufacture in Taiwan because of its reduced corporate tax rate, as well as the Economic Cooperation Framework Agreement the island has with mainland China, which it said will boost Taiwanese competitiveness.

The Taipei Times newspaper also quoted Taiwanese government officials as saying that Toray chose Taiwan because of its ability to protect intellectual property.

Toray is investing NT$2.4 billion (US$83 million) in the facility, which will be in the Southern Taiwan Science Park, the newspaper said. Toretec film is also used as a protective layer for plastic boards.


Comments

Japan's Toray opens film plant in Taiwan

By Steve Toloken
Staff Reporter / Asia Bureau Chief

Published: February 15, 2013 2:32 pm ET
Updated: February 15, 2013 2:35 pm ET

Post Your Comments


Back to story


More stories

Image

Alex Brands buys iconic Shrinky Dinks toys

December 19, 2014 3:15 pm ET

First Slinky, now Shrinky Dinks. What will toy and games investment firm Alex Brands buy next?    More

Image

Amcor buys Chinese flexible packaging plant

December 18, 2014 1:47 pm ET

Australian-based global packaging company Amcor Ltd. is buying a Chinese flexible packaging business for 211 million RMB (US$31.4 million).    More

Image

Soy-based foam improves window performance, sustainability

December 18, 2014 12:51 pm ET

Launched in April 2013, Madison, Wis.-based WFI Global LLC is making a name in the fenestration market with what it says is a distinct product...    More

Image

Bayer launches PC sheet production in Guangzhou, China

December 17, 2014 6:00 am ET

Bayer MaterialScience (BMS) has started its new polycarbonate sheet production plant at its Guangzhou, China, site.    More

Image

Ecolean expanding flexible packaging production in China

December 16, 2014 3:07 pm ET

Flexible packaging maker Ecolean AB is opening a new factory and warehouse in China to increase production.    More

Market Reports

Flexible Packaging Trends in North America

Our latest RESEARCH report examines trends in FLEXIBLE PACKAGING impacting the North American market including a review of economic conditions, key drivers of growth, materials pricing, M&A activity, sustainability challenges and the outlook for 2015.

Learn more

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

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

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

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events