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 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

VDMA clarifies Tokyo statement about China

August 21, 2014 2:57 pm ET

Some remarks that VDMA President Reinhold Festge made at a recent press conference in Tokyo turned into sensational headlines in China.    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

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