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New Polyplex factory in Turkey
Polyplex’s board of directors recently approved the investment of over Bt300 million in new factories in Thailand and Turkey.
The new Metallised Film line project will be kicked off in Thailand with the investment cost of US$6.5 million or equivalent to Bt202 million. Another 4.2 million euro (Bt178 million) is earmarked for the investment in a new Metallised Film line project in Turkey.
The project in Turkey will be carried out by its wholly-owned subsidiary, Polyplex Europa Polyester Film Sanayi ve Ticaret Anonim Sirketi (PE).
Teijin establishes new Thai subsidiary
Teijin established a wholly-owned subsidiary, Teijin Corporation (Thailand), to produce and sell newly developed meta-aramid fibre starting in July 2015. Production will be handled at a new facility to be constructed on the premises of Teijin (Thailand) in Ayutthaya, beginning this December.
The company also will handle production and sales of converted products of the new meta-aramid fiber, which offers unprecedented heat resistance and excellent dyeing properties. Ultimately, the Teijin Group aims to establish a cost-competitive network for global sales of protective apparel utilizing the new Thai company’s capabilities.
Teijin Corporation (Thailand) will additionally serve as a sales base for the Teijin Group’s proprietary Panlite polycarbonate resin and processed products, strengthening Teijin’s capability to develop sales in Asia, one of its high-priority markets, the Japanese company said in a statement.
“Teijin is strengthening operations in Thailand under a strategy to expand business in the emerging economies of Asia and other regions. Thailand, already a global production and processing base for the Teijin Group’s polyester fiber business, is a promising market with growing demand for chemical and fiber products,” it said.
