2012-03-13
Toyobo to Establish a Manufacturing and Sales Company for Polyester Resin in Thailand
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Toyobo has made the decision to establish a joint venture in the
Kingdom of Thailand with Mitsubishi Corporation (Location: Chiyoda-ku,
Tokyo; President & CEO: Ken Kobayashi; hereinafter, Mitsubishi
Corp.) for the manufacture and sale of VYLON® copolyester resin.
The joint venture will be established in July 2012 and production is
scheduled to begin in January 2014.
1. Outline of the Company
Company name: TOYOBO CHEMICALS (Thailand) Co., Ltd.
Date of establishment: July 2012 (Scheduled)
Paid-in capital: Approximately ¥1.2 billion
Ownership percentages: Toyobo: 85%; Mitsubishi Corp.: 15%
Location: Amat Nakorn Industrial Estate, Chonburi State, Thailand
Lines of business: Manufacture and sale of VYLON® copolyester resin
2. About VYLON®
VYLON® is a basic resin for use in paints, ink, industrial adhesives
and other products. As an industrial material, it is indispensable in a
wide range of fields. Applications include adhesives, coatings, canned
paints, wire coatings, films surface modifiers as well as conductive
silver paste and other items.
VYLON® is used in adhesive materials for flat cable surface films.
3. Background Information on the Joint Venture’s Establishment
Thus far, Toyobo has produced VYLON® copolyester resin in Japan and
sold it to customers in Japan and overseas. In recent years, the number
of Japanese companies setting up operations in China, India, the ASEAN
region, and elsewhere as well as the number of European and U.S.
companies shifting production to these countries and the number of
local companies entering this market have been expanding. Moreover,
these countries are expected to show sustained economic development
going forward.
In view of these circumstances, to expand sales of VYLON® into the
electronics-related markets, Toyobo has decided to establish a joint
venture for the manufacturing and sale of VYLON® in partnership with
Mitsubishi Corp. in Thailand, a country that offers favorable tax
treatment, highly convenient logistics, and other advantages. Toyobo
will be in charge of managing production, providing technical guidance,
and offering other support to the joint venture, and Mitsubishi Corp.
will draw on its extensive business experience in Thailand and
cooperate in the procurement of materials and product marketing.
4. Schedule Going Forward
The joint venture will be established in July 2012. Production will
begin in January 2014 and reach full capacity in 2016.
The newly established company is scheduled to be Toyobo’s base for
business operations in the Chinese, Indian, and ASEAN markets, and it
will work to expand sales.
For more information, contact:
The Toyobo Public Relations Group
pr_g@toyobo.jp
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