According to a report published on Nikkei news service, Toray Advanced Materials has confirmed plans to set up an 18000-ton nonwovens operation in India. The new capacity will help supply Unicharm and Procter & Gamble who already sell diapers on the sub-continent. The investment will help Toray, based in Korea, increase is sales to JPY 50 billion ($445 million) by 2020, up more than 40 % in 2016.
One of Asia’s largest maker of spunbond and spunmelt nonwovens, Toray already operates four state-of-the-art polypropylene-based spunmelt lines lines in China, two in Indonesia as well as one under construction in Korea, where it also has a sizable polyester-based nonwovens business.
The company has made no secret of its ambitious Asian expansion plans saying that it hopes to capitalize on demographic trends like increasing income, high population density and the repeal of China’s one-child policy. With a current capacity of 135000 tons, executives have said the company hopes to grow this number to more than 200000 tons in the near term.