MALAYSIA: Toray to enhance production capacity of ABS resin Toyolac at Malaysian subsidiary
Toray Industries Inc. announced its decision to enhance production capacity of ABS resin Toyolac, manufactured at and distributed by Toray Plastics (Malaysia) Sdn. Berhad (TPM) at Penang, Malaysia.
The company will add a facility with production capacity of 75,000 t/y to expand the sales of high- performance varieties such as transparent grade, which has the No. 1 global market share, and start its operation in November 2020. The move will increase TPM’s production capacity to 425,000 t/y and Toray Group’s capacity with the existing facility at Toray’s Chiba Plant to 497,000 t/y.
Toray decided to increase the production capacity to ensure to capture the growing demand for the transparent grade Toyolac has the largest share in the global market for its cost competitiveness and stable quality achieved using its proprietary continuous polymerization production process. Toray also lines up general-purpose grade Toyolac, transparent grade Toyolac and high- performance grade Toyolac including antistatic and improved chemical resistance and scratch resistant grades.
While Chiba Plant, the mother plant, will shift to primarily produce even higher performance ABS category mix such as medical-use transparent ABS, the production enhancement in Malaysia will accelerate entry into the European and U.S. markets in addition to its existing main markets of China and ASEAN countries and extension of the products’ applications. Toray is promoting the expansion and upgrading of the global business as one of the basic strategies of the medium-term management program Project AP-G 2019. Going forward, the company will further strengthen organic cooperation between the Chiba Plant, the Japanese ABS resin production base, and TPM, the Malaysian production base, and vigorously expand the global business.
Source: Toray Industries website, Tokyo; 6 Dec 2018
(Syed Rashid Ali, Karachi, Pakistan)