Thailand

Kuraray Plans Major Investment to Build New TPE Factory in Thailand

Kuraray Co. Ltd. (TYO:3405) is set to build a new factory in Thailand for the production of thermoplastic elastomers (TPEs) and highly functional resins. Located in the Hemaraj Eastern Industrial Estate, part of Thailand’s Map Ta Phut complex, the new factory is slated for completion at the end of 2021. Kuraray will use the location to provide 13,000 tons of...

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Zeon Plans New Thai Subsidiary for Production of Acrylic Rubber

Zeon Corp. (TYO:4205) has announced that it intends to establish a new subsidiary, tentatively named Zeon Chemicals Asia Co. Ltd., to help in expanding its business for the manufacture and sale of acrylic rubber. The subsidiary will be located in Rayong Province, Thailand, and capitalized at 1.25 billion baht ($38.13 million). Acrylic rubber provides for excellent resistance to heat and...

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JSR Aims to Surpass Market Growth Forecast for S-SBR Used in Fuel-Efficient Tires

JSR Corp. (TYO:4185), a leading manufacturer of synthetic rubbers, is promoting its sales of solution-polymerized styrene–butadiene rubber (S-SBR) products that utilize the company’s solutions and highly functional materials. These efforts are focused on applications in fuel-efficient tires. While the S-SBR market has been projected to grow 6 to 7 percent per year by sales volume between 2015 and 2019, JSR...

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Continental Starts Setup of New Tire Plant in Thailand

Continental AG last year announced that it held a groundbreaking and prayer ceremony on Nov. 21, 2017, to mark the start of construction at the company’s new greenfield tire plant in Rayong, Thailand. These efforts mark Continental’s fifth greenfield investment into a tire plant since 1999. With the completion of the new plant, Continental’s Tire Division will expand its global...

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Kuraray Announces Plan to Form Butadiene Derivatives JV With PTTGC, Sumitomo

Kuraray Co. Ltd. (TYO:3405) announced on March 7 that it has inked a joint venture agreement with Sumitomo Corp. (TYO:8053) and Thai-based PTT Global Chemical PCL (PTTGC) for a butadiene derivative business. The three companies began detailed feasibility studies in September 2016. Ahead of the final decision on investment, they signed an agreement to hold further discussions and to file...

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Bando Creates New Subsidiary in Bangkok to Promote Business, Efficiency

Bando Chemical Industries Ltd. (TYO:5195) has established Bando Asia & Pacific Co. Ltd., a new wholly-owned subsidiary in Bangkok, Thailand. Intended to help Bando advance its business in Asian markets more effectively, the subsidiary was established with 11 million Thai Baht ($332,527) in capital, and is set to begin operating next January. For the time being, its role will be...

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