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

Unipex Group buys Ferguson Chemical Innovation

July 29, 2014 1:57 pm ET

Chemical distributor Unipex Group Inc. announced July 29 that it had purchased Ferguson Chemical Innovation, a Brampton, Ontario-based supplier of...    More

Image

Carbon black supplier Orion begins trading on NYSE

July 29, 2014 11:29 am ET

Orion Engineered Carbons S.a.r.l. has priced the initial public offering of 19.5 million common shares at a price to the public of $18 per share.    More

Image

Dow sees solid second quarter performance

July 29, 2014 11:19 am ET

Dow Chemical Co. has reported its second quarter figures, with its seventh consecutive quarter of growth, according to the company.More

Image

Evonik sells polyimide foams operation to Boyd

July 29, 2014 10:46 am ET

Modesto, Calif.-based Boyd Corp., a manufacturers of specialty material and sealing agents, has purchased Evonik Industries’...    More

Image

Formosa to be compensated for Vietnam riot

July 28, 2014 1:44 pm ET

Taiwan's Formosa Plastics Group will receive $2.39 million from the Vietnamese government and insurance companies for damages suffered during the anti...    More

Market Reports

Plastics Recyclers Data Report & Directory

This exclusive MS Excel database contains all the companies from Plastics News' ranking of top North American Recyclers and Brokers by reprocessed volume and also includes a directory with materials processes, services offered and company contact information. Data is based on primary research by PN editorial staff.

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

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

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