Toray Industries, Inc. (Tokyo, Japan; www.toray.com) announced that it has decided to establish a production facility for nylon and Polybutylene terephthalate (PBT) resin compounds at its Indian subsidiary Toray Industries (India) Private Limited (TID). The resins are used in electrical components of automobiles and in electrical and electronic connectors. The facility, which will have a production capacity of 5,000 metric tons per year (m.t./yr), will be set up at TID’s base in Sri City in Andhra Pradesh State, and the company is aiming to start operations of the plant from September 2019.
The establishment of the new facility is in response to the above trends and is aimed at offering stable supply and shorter lead time through local production and at strengthening the development capability on-site and the functions of storage and delivery.
“India is a region where we can expect the market to grow. The establishment of the new facility this time is the first such base in India for Toray’s resin business, and we’re quite excited about it. We would like to capture this rapidly growing market without fail and strongly pursue business expansion,” said Takashi Endo, who is general manager, Resins Division.