Toray to build PPS resin compound production facility in Hungary
The new PPS plant will be located in the Hungarian city of Nyergesujfalu at the European headquarters of Toray's U.S. subsidiary Zoltek Inc.
In a bid to expand its business in the European automotive sector, Japan-based chemical maker Toray Industries Inc. has announced plans to build a polyphenylene sulphide (PPS) production facility in Hungary, at the European headquarters of its U.S. subsidiary Zoltek Inc.
The new PPS plant, to be located in the Hungarian city of Nyergesujfalu, will give Toray a resin compound base in Europe for the first time, Toray said in a statement.
Toray chose the Zoltek property as the “ideal space” to build their new PPS resin compound production facility due to its central location within Europe. While this Toray production facility will operate alongside Zoltek and will utilize already established infrastructure, it will operate as a division of Toray.
“We look forward to the positive effect this will have on the automotive industry,” Zoltec president and CEO Yoshihiro Takeuchi said in a statement.
Meanwhile, Zoltek will continue to produce carbon and oxidized fibre products at the Hungarian facility. Currently, the plant produces the Zoltek PX35 and Zoltek OX fiber lines in a variety of product forms including continuous tow, fabrics, and pultruded products.