Tuesday, April 30, 2024

Toyo Ink India to boost adhesive production capacity by 3.5X

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Toyo Ink India, a member of the Japan-based chemicals manufacturer artience group (formerly Toyo Ink Group), has announced plans to expand its production capacity for solvent-based adhesives at its manufacturing site in Gujarat, India. A new production facility will be built on-site at the Gujarat plant as part of the expansion to meet rising local demand. The plant is slated to begin operations in April 2026 and will help to boost the Gujarat site’s adhesive capacity by 3.5 times its current output.

In 2014, Toyo Ink India began importing adhesives from Japan and selling them to the local market for automotive interiors and has over the years expanded applications to home appliances and labels. In December 2021, a production operation was established in India, in Gujarat, enabling the company to more promptly respond to customer needs and to further grow its business. As demand from these markets grew, the capacity for adhesive production had become tight, leading to the decision to further invest in production to support current and future growth.

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“Toyo Ink India is on track to become the top solvent-based adhesive manufacturer in India, with a targeted market share of 30% in 2026. In line with the artience group’s global strategy, we are working to expand adhesives applications to the healthcare and other fields, while positioning India as an export hub to the Middle East and Africa, regions where economic growth is expected in the future,” said Naotoshi Nakamura, chairman of Toyo Ink India.

NewsDesk
NewsDesk
The editorial team of The Packman who handle all the press releases with Sunil Jain working as the desk editor.

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