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Toray to Build Spunbond Manufacturing Facility in Indonesia
12:41 AM MDT | April 28, 2011 | Deepti Ramesh
Toray Industries and its Toray Advanced Materials Korea (TAK; Seoul) subsidiary say they plan to enter the high-performance polypropylene spunbond business in Indonesia. A new company dubbed Toray Polytech Jakarta (TPJ) will be established in September 2011 at Toray’s site at Tangerang, Indonesia. A production facility with a capacity of about 20,000 m.t./year will be built at the site, and it is expected to start full-scale production in June 2013. TAK will have 65% stake in TPJ, and Toray and Toray Industries Indonesia (Jakarta) will have 25% and 10%...
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