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Teijin to build plant in Thailand
Source：Plastics News Asia
Date Published：2/13/2018 07:02:41 PM
Teijin plans to establish resin compounding plant and R&D facility in Thailand at US$13 million investment
Teijin Limited will construct a resin compounding plant and an R&D facility at Teijin Corporation (Thailand) Limited in Bang Pa-in Industrial Estate, Ayutthaya, Thailand. The plant will have a 10,000-tonnes/yr capacity and will entail an investment of around JPY 1.5 billion (approximately USD 13 million) with target completion in mid-2019. The site for the plant, including offices and the R&D facility, will measure 10,000 sq.m.
The new plant and R&D facility will enable Teijin to respond faster to demands in the ASEAN region. Also, the new R&D facility will become Teijin’s third resin-related R&D hub in Asia, following the Plastics Technical Center, Teijin’s compound-development facility in Chiba, Japan, and Teijin Chemicals Plastic Compounds Shanghai Ltd. in China. Cooperation amongst the three Asian hubs will accelerate Teijin’s development of high-performance, cost-effective compounds that manufacturers will use to optimise their products. Going forward, Teijin will consider expanding the new facility depending on further growth in demand.
In addition, Teijin is building up its polyphenylene sulfide (PPS) compounds business by leveraging proprietary PPS resin technologies of Initz Co., Ltd., a joint venture between Teijin and SK Chemicals. The initiative is strengthening Teijin’s response to diversified global demands, including in the automotive and electronics fields. As European and American electronics manufacturers and Japanese automakers are accelerating their investments in the ASEAN region, where continued economic and population growth are forecast, demand for for high-performance resin products and resin compounds are expected to expand.
Teijin aims to continue growing its resin compounds business in the Chinese and ASEAN markets. Currently, the company is meeting demands in these markets through its compound production and technology sites in Japan and China, and subcontractor factories in the ASEAN region.
In Thailand, the strategic hub of the Teijin Group’s polyester-fibre global production for more than 50 years, a wholly owned subsidiary was set up in Bangkok in September 2013 to handle sales of resin products. Once the newly announced compound plant is completed, Teijin looks forward to promptly responding to diversified demands with high-quality products, backed by the new R&D facility’s role in providing local customers with technical support.