Toyo Ink SC Holdings Co., Ltd. recently announced plans to double its laminating adhesives production capacity at its Malaysia-based subsidiary Toyochem Specialty Chemical Sdn. Bhd.
Toyo, parent company of the Tokyo-based specialty materials manufacturer Toyo Ink Group, says the move will strengthen its global supply chain. The Toyo Ink Group plans to expand sales of high-functionality and environmentally friendly solutions, such as solvent-free adhesives.
Expansion work has started at the Malaysian site, with full operation slated to begin in the third quarter of 2023. 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, the company says.
The company also says demand is expanding for laminating adhesives, which are mainly used to coat multi-layered films in flexible packaging structures. This includes applications such as 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 company adds.
Established in 1996 in Malaysia, Toyochem Specialty Chemical Sdn. Bhd. is a 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.
Headquartered in Tokyo, Toyo Ink SC Holdings Co., Ltd., parent of the Toyo Ink Group of companies, is a scientific company with specialty chemicals at its core. Originally started as a printing ink manufacturer in 1896, the company is a developer and marketer of its own 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 health care, electronics devices, energy, and related sectors.