Toray Industries (India) Private Ltd., the Indian subsidiary of Toray Industries Inc., has broken ground for its new production base in Sri City, India. The facility is being built on a 85-acre tract of land at an initial investment of around 1000 crore. It will have two plants—a polypropylene (PP) spunbond plant that will produce advanced nonwovens used in diaper manufacturing and an engineered plastics resin compounding plant that will make raw materials for electrical components of automobiles and in electrical and electronic connectors.
The plastics resin compounding plant is slated to go commercial in September 2019. The spunbond plant will come onstream in March 2020. Both plants put together will initially generate 130 direct and 520 indirect jobs.
Toray is the 20th Japanese company in Sri City. And, this is Toray's second production unit but first nonwovens operation in India. Its products will be used by diaper makers such as Unicharm, Procter & Gamble and Kimberly-Clark.
“Today is a historic day for Toray Industries (India). We acquired a large plot to build a world-class infrastructure to house several facilities on a single location in the integrated industrial township of Sri City in the sunrise State of Andhra Pradesh. Toray has ambitious plans to make advanced raw materials for Indian industries and manufacturing clusters for the next decade,” says Akihiro Nikkaky, CEO and COO, Toray Industries.
