According to reports, Mitsui Chemicals
, the Japanese-based maker of spunbond nonwovens, is eyeing several Asian countries for its next investment opportunity. The company has recently expanded its Japanese output with the addition of a new line and currently has foreign operations in China and Thailand, but sources familiar with the company say it is now weighing its options in India, Thailand and Indonesia.
India, with its rapidly growing diaper market, is the more likely choice. An investment would likely add 15,000 tons to its currently global capacity which is currently 115,000 tons.