Toray increase PP spunbond nonwoven fabric capacity in South Korea

Toray to increase PP spunbond capacity in South Korea

7:18 AM, 20th June 2016
Toray to increase PP spunbond nonwoven fabric capacity in South Korea

TOKYO, JAPAN: Toray Industries Inc has decided to increase the production capacity of its high-performance polypropylene (PP) spunbond nonwoven fabric with an additional facility at its site in Gumi National Industrial Complex 5, South Korea.

The new facility will have a production capacity of 18,000 tonnes per year and is expected to start operations in April 2018. 

Demand for disposable diapers for babies and toddlers has been rapidly increasing in ASEAN member countries, India and China, as the lifestyle of people in these countries improves against the backdrop of high economic growth and rising national income.

Especially in China, which is the largest market, import of high-end products made in Japan and Korea has been sharply expanding as the people increasingly opt for safe products, and major sanitary products manufactures with global presence have been declaring plans in succession to expand plants producing products for the Asian countries.

Given this situation, demand for PP spunbond, which is the main raw material of disposable diapers, is expected to grow at an annual rate of about 9 percent from 500,000 tonnes per year in 2015 reflecting expanding demand for diapers for senior citizens in developed countries in addition to that for babies and toddlers in emerging nations, and the material’s supply is forecast to fall short. 

The decision to increase its PP spunbond production capacity is promoted as a part of the Asia, America and Emerging Country Business Expansion (AE-II) Project to capitalize on the growth of Asia, Americas and emerging countries in other regions, where significant economic expansion is expected, as well as of life innovation business expansion (LI) Project, which calls for improving the quality of health care, easing the burden at medical institutions and contributing to health and longevity.

The Toray Group will actively promote business expansion in growth fields as well as in various countries and regions with all its strength and aim for continued growth.

© Worldofchemicals News



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