Toyo Ink Mexico — a newly formed joint venture — in April will begin making color concentrates in Mexico.
The JV will make those materials at a plant in Guadalajara, officials said in a Feb. 29 news release. It was established in November as a base for supplying custom colorants to the growing packaging, consumer and automotive markets throughout Mexico and neighboring countries, officials added.
Toyo Ink Mexico is 60 percent owned by Toyo Ink SC Holdings of Tokyo. LioChem Inc. — a wholly owned Toyo unit based in Conyers, Ga. — owns the remainder.
The new plant is Toyo Ink's second in North America and 13th worldwide. It will include processing lines, warehousing, offices and a color matching and applications development center.
The plant will make Lioplax-brand high-performance plastic colorants. Those materials are used in blow molding, extrusion and high-speed injection molding applications.
“The new facility will give us the additional capacity and capability to service and supply our customers throughout the Americas with greater speed and flexibility,” Toyo Ink Mexico President John Easley said in the release.
Toyo Ink employs more than 8,000 worldwide, making chemical products based on its own color materials, adhesives and resins technologies.