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, Asia, Materials Suppliers

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

Medical compounder adding two extrusion lines

February 25, 2015 3:49 pm ET

Compounding Solutions LLC plans to add two new co-rotating twin-screw extruders this year to raise its capacity and provide more flexibility.    More

Image

Solvay building PEEK unit in Georgia

February 24, 2015 8:36 am ET

Solvay SA is building a polyether etherketone resin plant in Augusta, Ga. The unit will be the company's second PEEK plant — the Brussels,...    More

Image

Polymer Points: Commodity resin prices start the year on a downward slide

February 20, 2015 6:00 am ET

The downward pricing pressure of late 2014 carried into the first month of 2015 for most North American commodity resins.    More

Image

DeFalco retiring after 17 years as Ampacet executive

February 20, 2015 2:36 pm ET

It’s a major understatement to say that Ampacet Corp. grew under the leadership of Robert DeFalco.    More

Image

Coke making progress with plant-based PET

February 20, 2015 2:12 pm ET

ATLANTA — With 1.9 billion servings per day, Coca-Cola Co. relies on a number of ways to deliver beverages around the world: fountain dispensers...    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

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

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion 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

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events