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The acquisition aims to start a high-performance polypropylene spunbond facility there. Toray will establish a new company, Toray Polytech (Foshan) Co., Ltd. (TPF), in November and plans to set up a production facility with an initial annual capacity of 20,000 tons of spunbond nonwovens there. The facility is expected to start operations in fiscal year 2019. It will be the second polypropylene spunbond production facility in China for Toray. The company currently operates a four-line plant in Nantong, which is knowns as Toray Polytech (Nantong) Co., Ltd.
The new facility will meet growing demand for spunbond material from the disposable baby diaper market in China, which is growing as incomes rise and the birth rate increases following the end of the one-child policy in the country. The South China region currently accounts for nearly 60% of demand in the country and Toray is currently serving customers in the region from its Nantong site. The establishment of a site in South China will reaffirm Toray's goal of being a leading supplier of polypropylene spunbond nonwovens in Asia.
In addition to its Chinese presence, Toray has spunbond production facilities in Indonesia and Korea.
