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

Tree Armor: The buck stops here

August 20, 2014 12:17 pm ET

Pennsylvania farmer Jim Saunders pitched his idea for a vinyl wrap to protect tree trunks from deer to U.S. processors in five states but no one...    More

Image

Cooper-Standard JV to focus on Asia

August 20, 2014 10:17 am ET

Cooper Standard Automotive Inc. is forming Cooper Standard Inoac Pte. Ltd. — a joint venture with Inoac Corp. of Japan — to expand the...    More

Image

Flexible film waste-to-oil pilot project continuing in California

August 19, 2014 3:19 pm ET

A recent decision to discontinue operations at a plastics waste-to-oil site in Portland, Ore., is not impacting a pilot program aimed at hard-to-...    More

Image

Prolamina adds pouching machine

August 19, 2014 10:53 am ET

Flexible packaging company Prolamina Corp. has a new pouching machine in its manufacturing arsenal.    More

Image

Cardia Bioplastics opening bag manufacturing plant in Brazil

August 19, 2014 9:31 am ET

Australia's Cardia Bioplastics Ltd. says the high demand for environmentally friendly bags has prompted it to set up a film and bag plant in São Paulo...    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