Japan's Toyobo building compounding plant in Brazil

By Frank Esposito
Senior Staff Reporter

Published: August 14, 2013 4:24 pm ET
Updated: August 14, 2013 4:50 pm ET

Related to this story

Topics Materials, Latin America, Materials Suppliers

Japanese film and textiles giant Toyobo Co. Ltd. plans to build an engineering resin compounding plant in Americana, Brazil.

The plant will allow Toyobo to follow its customers in the Japanese auto market, who are building their own plants in Brazil, officials with the Osaka-based firm said in an Aug. 8 news release.

The new compounding plant will be part of an existing Toyobo site in Americana. The plant represents an investment of just over $10 million and will have annual production capacity of about 11 million pounds. It is scheduled to open in August 2014.

The plant will include a lab and will make compounds based on nylon, polyester and other engineering resins. It also will produce compounds on a contract basis.

Toyobo posted sales of just over $3.4 billion in the year ended March 31. The firm was founded in 1882 and employs almost 11,000 worldwide.

Earlier this year, Toyobo paid almost $9 million for a 15 percent stake in PET bottle label maker SKC High Tech Plastics Co. Ltd. of Jiangsu, China.


Comments

Japan's Toyobo building compounding plant in Brazil

By Frank Esposito
Senior Staff Reporter

Published: August 14, 2013 4:24 pm ET
Updated: August 14, 2013 4:50 pm ET

Post Your Comments


Back to story


More stories

Image

Corbion Purac collaboration taking bioplastics into even more uses

October 17, 2014 6:00 am ET

Corbion Purac NV's collaboration with Taiwan-headquartered compounder Supla Co. Ltd. and Taiwan electronics producer Kuender & Co. is paying...    More

Image

Momentive gearing up for some timely LSR sales

October 17, 2014 10:58 am ET

Momentive Performance Materials Inc. has plenty of time for customers at Fakuma — thanks to colorful new watchbands made with the firm's fiber-...    More

Image

Evonik sees clear growth opportunities with new Plexiglas Resist resin

October 17, 2014 6:00 am ET

Evonik Industries AG presented a new specialty molding compound during Fakuma in Friedrichshafen with which it plans to exploit the growing demand...    More

Image

Teknor adding second UK production line

October 17, 2014 9:25 am ET

Teknor Apex Co. will add a second thermoplastic elastomer production line at its United Kingdom plant by the end of 2015 to meet growing demand.    More

Image

PolyOne denies report it's bidding for Klöckner Pentaplast

October 16, 2014 11:44 am ET

UPDATED — Compounding leader PolyOne Corp. is denying a report that it bid as much as $2 billion for film and sheet major Klöckner Pentaplast Gr...    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