Toyo Ink expands in India, Indonesia

By Satnam Singh
Correspondent

Published: January 27, 2014 12:54 pm ET
Updated: January 27, 2014 12:57 pm ET

Related to this story

Topics Materials, Materials Suppliers, Asia

Japanese manufacturer Toyo Ink Group has expanded its masterbatch and compounding operations in India and Southeast Asia to cater to growing automotive and white goods markets there, opening a small masterbatch facility in India and a larger compounding plant in Indonesia.

The Tokyo-based company said in an interview at the recent Plastivision show in Mumbai, India, that it wanted to start with a small operation in India because its Japanese customers there do not have a large presence in the country, and there's more local competition.

"Masterbatch is a good and growing market in India, even smaller local players have good capacities," said Teruaki Ido, general manager of plastic colorant and pigment with Toyo Ink India Pvt. Ltd. "We have started with low levels as Japanese brands whether in automobiles or white goods have not much presence in India. Therefore, our end users may not be very big."

The India operation, in Ankleshwar, Gujarat, is in a joint venture plant with German partner Heubach Color Pvt Ltd., where the two companies make pigments. The masterbatches also have some applications in pigments, Ido said.

The India facility currently has a masterbatch capacity of about 1,200 metric tons a year, but the company plans to double production this year, he said at Plastivision, held Dec. 12-16.

The much larger Indonesia compounding plant, by contrast, has a capacity of 10,000 metric tons a year, and opened in August in Jakarta.

"Indonesia is a good automobile market for us as Japanese auto brands dominate that market and our product has got good market and more acceptability, whereas, Japanese auto brands have a mere 15 per cent share in the Indian automobile market," Ido said.

The company may later add compounding to the India operation, although it could also target some of that production towards Africa, he said.


Comments

Toyo Ink expands in India, Indonesia

By Satnam Singh
Correspondent

Published: January 27, 2014 12:54 pm ET
Updated: January 27, 2014 12:57 pm ET

Post Your Comments


Back to story


More stories

Image

China's Shide Group, BASF unveil 'revolutionary' all-plastic window profile

April 23, 2014 9:10 pm ET

SHANGHAI — The PVC window profile market in Asia is expected to increase four-fold by 2025, and Chinese building products maker Dalian Shide...    More

Worker dies in fall at Formosa Texas plant

April 23, 2014 4:04 pm ET

A subcontractor died April 22 after falling 25 feet during routine cleaning operations at a Formosa Plastics Corp. USA facility in Point Comfort,...    More

Image

Milliken expanding SC plant for additional PP clarifying agent capacity

April 23, 2014 3:42 pm ET

American chemical company Milliken & Co. has announced plans for a major expansion in capacity for its Millad NX8000 clarifying agent for...    More

Image

CPM Extrusion, ECON launch new line of underwater pelletizers

April 23, 2014 11:25 am ET

CPM Extrusion Group and ECON GmbH unveiled their brand new EUPC line of underwater pelletizers today at ChinaPlas held in Shanghai, China.    More

Clariant says Asia holds the key to growth

April 23, 2014 3:52 pm ET

Clariant AG is based in Switzerland, but its eyes are firmly focused further east.    More

Market Reports

Market Data Book - Rankings & Lists

A one-stop download of Plastic News' exclusive annual lists and processor rankings containing essential data including sales, employees, end markets, materials and more.
EXCLUSIVE EXCEL FEATURE: full mailing address details for available plant locations.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report provides analysis and discussions of economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as strategies being implemented by thermoformed packaging companies. In addition, there are reviews of 25 leading thermoformers in the packaging segment, assessing their growth initiatives and performance metrics over 10 years.

Learn more

Mold Making and Tooling Review and Outlook 2014 North America

This report provides in-depth analysis of the mold and toolmaking market for North America, including discussions of trends, opportunities, threats, the latest developments in production and labor and equipment trends impacting moldmakers.

Learn more

Upcoming Plastics News Events

May 6, 2014 - May 8, 2014Plastics in Medical Devices 2014

May 12, 2014 - May 12, 2014Plastics News Brazil Pharma Summit

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

February 3, 2015 - February 7, 2015Plastics News Executive Forum 2015

More Events