Toray Plastics (America), based in North Kingston, RI, USA, will drive the development and commercialization of the new business’s film technology and help establish TFE in Europe. Toray Plastics (America) will then continue to bring new high-oxygen-barrier and high-moisture-barrier film advancements to TFE as it develops them.
“Market forces and Toray Plastics (America)’s successful commitment to excellence have converged perfectly,” says Richard Schloesser, executive vice president, Toray Plastics (America), Inc. “Throughout western and eastern Europe, end users want access to the most technologically advanced value-added barrier films, and we are pleased to lend our expertise to Toray Industries’s new European enterprise and help it succeed in meeting the market’s demands. We have built our business around the needs of our largest customers and this new venture will fit well with the strategic growth plans of our global partners.”
Toray Industries expects to invest approximately US$100 million in the project. Operations are anticipated to start in April, 2010. Annual BOPP film capacity is projected to be 20,000 tons. Metallization production is projected to be 22,000 tons.