Japan’s Toray to invest Rs 1,000 crore in Andhra Pradesh

In a statement Sri City, an integrated business township in Andhra Pradesh, around 60 km from here, said the Japanese company will make an initial investment of about Rs 1,000 crore.  

Toray is the 20th Japanese company in Sri City, and this is its second production unit in India. Its products will be used by diaper makers like Unicharm, Proctor & Gamble and Kimberley Clark and the automotive, electrical and fast-moving consumer goods industries. 

The unit, to be built on 85-acre at an initial investment of around Rs 1000 crores, will have two plants, viz poly propylene (PP) spun bond plant that will produce advanced Technical Textile Meditech used in diaper manufacturing, and the Engineered Plastics Resin Compounding plant that will make raw materials for electrical components of automobiles and in electrical and electronic connectors. 

While the plastics resin compounding plant is targeted for start of commercial production in September 2019, the poly propylene spun bond plant will be commissioned in March 2020. Both plants will initially generate 130 direct and 520 indirect jobs.