13 February 2018
DETAILS
Teijin Limited announced today that it will establish
a resin compound plant and
a related R&D facility
at Teijin Corporation (Thailand) Limited
in Bang Pa-in Industrial Estate, Ayutthaya, Thailand.
The 10,000-tons-per-annum plant will be built
at a cost of around JPY 1.5 billion
(approximately USD 13 million)
and is expected to begin operating in mid-2019.
The site for the plant, including offices and the R&D facility,
will measure 10,000 square meters.
The new plant and R&D facility will give Teijin
a framework for responding 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,
follow ing the Plastics Technical Center,
* Teijin’s compound-development facility in Chiba, Japan, and
* Teijin Chemicals Plastic Compounds Shanghai Ltd. in China.
Cooperation among the three Asian hubs will accelerate
Teijin’s development of high-performance, cost-effective compounds
that manufacturers will use to optimize their products.
Going forward, Teijin will consider expanding the new facility
depending on further grow th in demand.
In addition, Teijin is building up
its polyphenylene sulfide (PPS) compounds business
by leveraging proprietary PPS resin technologies of
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.
European and American electronics manufacturers
and Japanese automakers are accelerating
their investments in the ASEAN region,
where continued economic and population growth are forecast.
Economic development is stimulating the demand for
high-performance resin products, so needs for resin compounds
are expected to expand.
Teijin aims to continue grow ing 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-fiber 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 w ith technical support.
Press Contact
Corporate Communications
pr@teijin.co.jp
WWW.CHEMWINFO.COM BY KHUN PHICHAI
