Toyo Ink Purchases Land to Expand Business in Turkey
The company reportedly plans to use the land to build a new manufacturing facility and to construct a new production site for polymers.
Toyo Ink SC Holdings Co. Ltd. recently announced that its subsidiary company Toyo Printing Inks Inc. has decided to purchase approximately 62,000 sq m of land for the future expansion of its operations in the Manisa Province in western Turkey. The new plot is located in the Manisa Industrial Zone.
The company reportedly plans to use the land to build not only a new manufacturing facility for the upgrading and expansion of existing R&D and production facilities, but also to construct a new production site for polymers. Construction of the new polymer plant is expected to begin in 2018 and be completed by late 2019, followed by further capacity increases to ink and coating production within three to five years.