According to the company’s website news release on September 20, 2022, Toyo Ink SC Holdings Co., Ltd., the parent company of the Tokyo-based specialty materials manufacturer Toyo Ink Group, announced plans to double the laminating adhesives production capacity from the current level at its Malaysia-based subsidiary Toyochem Specialty Chemical Sdn. Bhd. By strengthening its global supply chain, the Toyo Ink Group plans to expand sales of high-functionality and environmentally friendly solutions such as solvent-free adhesives, the demand for which is expected to grow worldwide. Expansion work is now under way at the Malaysian site with full operation slated to begin in the third quarter of 2023. Once in operation, Toyochem Specialty Chemical is expected to serve as the mother factory of laminating adhesives to the Asian region, especially high-performance products, an area of core competency for the Group.
At present, the demand for laminating adhesives, which are mainly used to coat multilayered films in flexible packaging structures, is expanding in use for retort food pouches and pharmaceutical packaging primarily in Asia. This includes applications such as PTP (press through package) sheets, a common form of blister packing for drug tablets. Rising populations in countries across Asia are expected to further propel the growth of the retort pouch sector by about 10% over the next five years.
‘The Toyo Ink Group has long been a pioneer in developing high-performance adhesive solutions together with our subsidiary Toyo-Morton, who is Japan’s largest producer of laminating adhesives,” said Toshinori Machida, executive operating officer of Toyo Ink SC Holdings. “Toyo Ink Group is now looking to bring our unique brand of packaging adhesives, coatings and inks to other regions of the world, in line with our global expansion plan. In addition to Malaysia, Toyo Ink Group has recently bolstered our production infrastructure in China and Turkey. And our Turkish facility is set to serve as the supply hub for markets in the Middle East and North Africa, Central Asia, and Eastern Europe. To ensure a stable supply to meet future demand, Toyo Ink Group has set a target to increase our global production capacity for laminating adhesives by one-and-a-half times the current level by the end of 2027.”
About Toyochem Specialty Chemical
Established in 1996 in Malaysia, Toyochem Specialty Chemical Sdn. Bhd. is a leading manufacturer and exporter of inks, adhesives, resins and printing chemicals in the region. It operates a corporate office in Shah Alam, Selangor and two manufacturing plants in Selangor and Negeri Sembilan. For more information, visit http://www.toyochem.com.my/.
About Toyo Ink SC Holdings
Headquartered in Tokyo, Toyo Ink SC Holdings Co., Ltd., the parent of the Toyo Ink Group of companies, is a scientific company with specialty chemicals at its core. Originally starting out as a printing ink manufacturer in 1896, the company is a developer and marketer of its own unique specialty chemical materials based on functional pigments and polymers, the raw materials in printing inks. The Toyo Ink Group operates its corporate activities under four business segments—Colorants and Functional Materials, Polymers and Coatings, Packaging Materials, and Printing and Information—while it expands applications to the healthcare, electronics devices, energy and related sectors. For more information, see schd.toyoinkgroup.com/en/.
*TOYO INK and the TOYO INK logo are trademarks or registered trademarks of Toyo Ink SC Holdings Co., Ltd.
Inquiries
Toyo Ink SC Holdings Co., Ltd.
Corporate Communication Department
Tel: +81-3-3272-5720(Japan)
Email: info@toyoinkgroup.com
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Published on September 22, 2022 9:44 AM (GMT+8)Last Updated on September 22, 2022 9:44 AM (GMT+8)
