Malaysia: Business Strategy Toray Launches New Plant for Expanding ABS Production Capacity
Toray has established a new plant at its facilities at Prai Industrial Park, Penang in Malaysia. With this move, the company aims to boost the production and distribution capacities of its Toyolac Acrylonitrile Butadiene Styrene (ABS) resin transparent grade.
Tokyo/Japan – Toray Industries has boosted Toray Group’s 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.
The modern plant set up at its new facilities at Prai has boosted Toray Plastics’ (Malaysia) [TPM] ABS resin production and distribution capacities by 75,000 metric tons, to 425,000 metric tons annually.
Taking into account the ABS production output at the Chiba Plant in Japan, Toray Group is now capable of churning out some 497,000 metric tons of ABS to the worldwide markets annually.
The diverse Toyolac range produced by Toray includes transparent grades ABS, offering 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 looks forward to increasing its worldwide production further, including the facilities at TPM.
Toray has made ‘expanding in growth areas globally’ 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 TPM.