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

China's PVC exports face challenges

August 22, 2014 2:14 pm ET

Despite robust growth in the first half of the year, China's PVC exports now faces new challenges, due to trade barriers and new capacity ramping up...    More

Image

Recycled HDPE prices climbing

August 22, 2014 11:26 am ET

North American selling prices for recycled grades of high density polyethylene resin have increased in recent months because of tight supplies of the ...    More

Image

Investment firm specializes in emerging polymer firms in Ohio

August 21, 2014 3:20 pm ET

A plastics market veteran is working with an investment firm and a research foundation to help commercialize polymer technology in the Buckeye State.    More

Image

Bayer, SCAC partner on water reuse project

August 21, 2014 12:48 pm ET

Bayer MaterialScience (BMS) and Shanghai Chlor-Alkali Chemical Co. Ltd. (SCAC) have entered into a preliminary agreement for the reuse of waste water ...    More

Image

Report predicts growth for flexible packaging

August 21, 2014 12:34 pm ET

Flexible packaging in the United States grew last year and is expected to continue to grow this year, according to a new report by the Flexible Packag...    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