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Toray to expand high-performance resin
Japan’s Toray recently announced that it will increase the annual capacity of high-performance resin used in automotive and computer parts at the Tokai Plant in Aichi Prefecture by 5,000 tons to 19,000 tons. This move is intended to capture the opportunities for the growth of global resin demand, such as China. The investment for the production increase plan is approximately 4 to 5 billion yen (approximately RMB 320 to 400 million), and the new equipment will strive to start production in January 2013. It is reported that Toray will expand the production scale of PPS resin with excellent heat resistance and strength. As PPS resin is widely used in automotive and electromechanical components and other fields, it is expected that the market scale will increase by more than 7% per year.