Hungary: Performance Chemicals Toray Constructs New PPS Resin Production Plant in Hungary
Toray has decided to construct a new PPS (polyphenylene sulfide) compound production facility at the Hungarian site of its US subsidiary Zoltek Companies. It is the company’s first resin compound production facility in Europe and is expected to start operations in March, 2018 with 3,000 tons annual production capacity.
Tokyo/Japan — PPS resins are high performance materials, superior in heat and chemical resistance, mechanical strength and inherently flame retardant. They are used in automotive electrical and powertrain components.
European automotive suppliers are increasingly using PPS resins in automotive powertrain and sensor applications to reduced part weight and to enable safety improvements. The PPS market in Europe has been rapidly expanding in these growing automotive applications as well as in growing industrial applications.
Toray is specialised in the manufacturing of upstream raw materials and polymer and the sale of resin, fiber and film products. The company has an annual PPS polymer production capacity of 27,600 tons, including the production facility in Gunsan, Republic of Korea which started operation in 2016 and the facility in Tokai, Japan.
In 2015, the company established Toray Resins Europe, (short: Treu), a marketing and sales company located in Frankfurt, Germany with the purpose of promoting and selling its resin products in Europe and establishing local technical and engineering service functions. The subsidiary will promote and sell the PPS resin products manufactured at Zoltek’s Hungarian site in Europe.
With the establishment of European PPS compound production at Zoltek’s Hungary site, the company will have eight PPS compound manufacturing locations in six countries: Japan, China (Shenzhen, Suzhou and Chengdu), the Republic of Korea, Thailand, the United States and Hungary.
Toray has announced a basic strategy called “Expansion and Advancement of Global Business” in its medium-term management program “Project AP-G 2019”. The establishment of the PPS resin compound production facility in Europe is part of this strategy.