6 December 2018
DETAILS
Toray Industries, Inc., today announced its decision
to enhance production capacity of ABS resin,
manufactured at and distributed by
Toray Plastics (Malaysia) Sdn. Berhad (“TPM”).
The company will add a facility
with production capacity of 75,000 tons annually
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 tons a year and
Toray Group’s capacity with the existing facility
at Toray’s Chiba Plant to 497,000 tons a year.
Made up of acrylonitrile, butadiene and styrene,
ABS resin is plastic that is light, strong and elegant
with excellent processability, and it is used for
an extremely wide range of applications
from industrial items to household goods.
In 2017, global demand
for overall ABS resin was 8.5 million tons,
which is expected to grow steadily at 3% a year,
as demand increases
in China, ASEAN and emerging countries.
Of the total, global demand for high performance ABS resin
with added properties such as
heat resistance and chemical resistance
and transparent ABS resin considered to be 2 million tons,
and expected to grow at 4% annually or more.
WWW.CHEMWINFO.COM BY KHUN PHICHAI