Japanese materials supplier Teijin Ltd is setting up a resin compound plant and a related R&D facility at Teijin Corp (Thailand) Ltd in Bang Pa-in Industrial Estate, Ayutthaya, Thailand, the company has announced.
The JPY1.5bn (€11.3m) unit will have a production capacity of 10 kilotonnes per annum plant and is expected to begin operation in mid-2019, said Teijin 13 Feb.
A new R&D facility will also be set up, marking Teijin’s third resin-related R&D hub in Asia, following the Plastics Technical Center, Teijin’s compound-development facility in Chiba, Japan, and Teijin Chemicals Plastic Compounds Shanghai Ltd. in China.
The new plant as well as related offices and R&D facility will be built in an area of 10,000 square meters.
The move, said Teijin, is part of a bid to respond faster to demands in the ASEAN region.
“Cooperation among the three Asian hubs will accelerate Teijin’s development of high-performance, cost-effective compounds,” the Japanese company.
Going forward, Teijin said it would consider expanding the new facility depending on further growth in demand.
Teijin said it aimed to continue growing its resin compounds business in the Chinese and ASEAN markets.
The company is currently meeting demands in these markets through its compound production and technology sites in Japan and China, and subcontractor factories in the ASEAN region.