THAILAND: Toyobo Chemicals begins operations of copolyester resin

The project, for which capacity was not given, will help meet the demand of the increasing amount of locally-based companies that are newly entering the market.

The company was formed in Aug. 2012 as a joint venture owned 85 % by Toyobo and 15 % by Mitsubishi Corp., to expand the production of Vylon in Thailand, where there is well-developed infrastructure and convenient distribution capabilities, Toyobo explained.

"Looking ahead, Toyobo will make Toyobo Chemicals (Thailand) a base for its functional plastics business in China and ASEAN countries," the company said.

Source: Weekly "PetroChemical News", Durham, NC, USA; 20 Jan 2014

(Syed Rashid Ali, Karachi, Pakistan)