Japan’s Tokai Carbon is to construct a new plant of its consolidated subsidiary Thai Tokai Carbon Product Co. (TCP) in Sriracha, Thailand. TCP was established in 1989 and has been engaged in the production and sale of carbon black, which is used as a reinforcement material for automobile tyres and other rubber products. The demand for carbon black in the region has increased significantly in recent years due to the expansion of the automotive industry, hence the new plant.
The new plant will be located at the LK Rubber Industrial City Hub in Rayong and span an area of 202,458 sq m. With a capacity of 180,000 tonnes/year, it is expected to be running by 2025, with the start of construction expected in 2023.
TCP’s plant site has been leased under a long-term lease agreement since its establishment, but considering the robust market trend to be continued in the region, it has decided to establish a more sustainable supply platform by relocating the plant to a new land owned by the company. The new plant will be equipped with cutting edge technologies to achieve higher productivity and quality that will reduce the environmental impact.
The firm also says that the scheduled start and completion of construction will change depending on the timing of approval of applications for permission to use and develop the land.