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Toray starts production of ABS in Malaysia

September 06/2021

MOSCOW (MRC) -- Toray Industries, Inc. (Tokyo, Japan) has boosted Toray Groups worldwide production and distribution capacities of its TOYOLAC Acrylonitrile Butadiene Styrene (ABS) resin transparent grade, through its latest facilities set up at Prai Industrial Park, Penang, Malaysia, said Chemengonline.

The plant set up at Torays new facilities at Prai has boosted Toray Plastics (Malaysia) Sdn. Berhad, TPMs ABS resin production and distribution capacities by 75,000 metric tons per year (m.t./yr), to 425,000 m.t/yr. Taking into accounts the ABS production output at the Chiba Plant in Japan, Toray Group is now capable of churning out some 497,000 m.t./yr of ABS to the worldwide markets annually.

The diverse TOYOLAC range produced by Toray includes transparent grades ABS, offerings improved anti-static, scratch and chemical resistance properties. To boost sales in its key Chinese and Southeast Asian markets and in anticipation of the rising demands from Europe, the United States of America and India, Toray look forward to increasing its worldwide production further, including the facilities at TPM.

Toray has made expanding globally in growth areas a central strategy under Project AP-G2022, its medium-term management program. The company accordingly aims to capture rising demand for transparent ABS resin and enhance supply stability by reinforcing collaboration between the Chiba Plant and Toray Plastics (Malaysia) TPM.

As MRC reported before, in December 2018, Toray Industries, Inc., announced its decision to enhance production capacity of ABS resin TOYOLAC, manufactured at and distributed by Toray Plastics (Malaysia) Sdn. Berhad. 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 TPMs production capacity to 425,000 tons a year and Toray Groups capacity with the existing facility at Torays Chiba Plant to 497,000 tons a year.

According to the ICIS-MRC Price Report, ABS imports to Russia grew by 40% in the first half of 2021 compared to the same period last year and amounted to 20,900 tonnes against 15,000 tonnes. The share of South Korean supplies fell to 56% (11,800 tonnes) against 60% (9,000 tonnes) a year earlier.


mrcplast.com
Author:Anna Larionova
Tags:ABS, Toray, Japan.
Category:General News
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