MOSCOW (MRC) -- Teijin Ltd has recently started operations at its compounding plant and a related R&D facility in Ayutthaya, Thailand to address the rising demand for new compounds in the ASEAN region, driven by economic development and growth in population, according to PlasticsNesEurope.
Marking Teijin’s third resin-related R&D hub in Asia, the new technical centre will collaborate with R&D units in Japan and China to develop compounds particularly for the automotive and E&E sectors.
In its statement, Teijin said it was positioning the new technical center as a development hub for the ASEAN region in order to to strengthen product development capabilities and increase focus on the fast-growing Chinese and ASEAN markets.
Teijin is currently producing compounds at its facilities in Japan and China and through subcontractor factories across the ASEAN region.
The new 10-kilotonnes-per-annum plant in Thailand will improve the company's production capacity to meet that growing demand more quickly.
The EUR11.3m facility, according to Noboru Yamanishi, general manager of Teijin’s resin & plastic processing business unit, will offer materials which will help reduce weight and enhance functionality of next-generation cars and communication device.
"We aim to contribute to the further development of the region by collaborating proactively with ASEAN customers and partner companies in order to provide innovative products that meet diverse needs," he added.
As MRC informed before, by end 2015, Japan's Teijin shut down its polycarbonate (PC) resin plant in Singapore and put the industrial facility on Jurong Island up for sale through an expression of interest. The Singapore plant haв 225,000 t/y of PC capacity.
According to ICIS-MRC Price report, Russia's estimated PC consumption rose in in the first three quarters of 2019 by 11% year on year to 61,000 tonnes (54,800 tonnes a year earlier). Consumption in the injection moulding sector grew in the first nine months of 2019 by 10% year on year to 7,900 tonnes from 7,200 tonnes a year earlier.
Teijin is a technology-driven global group offering advanced solutions in the areas of sustainable transportation, information and electronics, safety and protection, environment and energy, and healthcare. Its main fields of operation are high-performance fibers such as aramid, carbon fibers & composites, healthcare, films, resin & plastic processing, polyester fibers, products converting and IT. The group has some 150 companies and around 17,000 employees spread out over 20 countries worldwide.