Toppan Printing Co., Ltd. (hereafter Toppan Printing; head office: Chiyoda Ward, Tokyo; President & Representative Director: Shingo Kaneko) will bolster production equipment at its Fukaya Plant (Fukaya, Saitama Prefecture), which manufactures transparent barrier film GL BARRIER, and make use of the enhanced production capacity to respond to increasing demand in Japan and overseas. The investment will be about ¥10 billion, with startup of the new equipment scheduled for autumn 2018.
Against a backdrop of such issues as the reduction of food loss and conservation of the environment, it is anticipated that the global packaging material market will see increasing demand for transparent barrier films, which allow foods to be stored for long periods and enable glass and metal containers to be replaced with flexible packaging.
Toppan Printing began producing and marketing its original transparent barrier film, GL BARRIER, in 1986. The film’s high oxygen and moisture vapor barrier performance has enabled it to capture a leading share of the global market for transparent barrier films. The Fukaya Plant was opened in April 2009 as a transparent barrier film production base and produces and sells products to customers at home and abroad. In April 2016, Toppan USA’s Georgia Plant was launched as the Toppan Group’s first overseas plant for transparent barrier film. In addition to the domestic market, the company is strengthening its sales of the product to Europe and North, Central and South America.
By bolstering transparent barrier film production equipment at the Fukaya Plant and roughly doubling production capacity, Toppan Printing will further strengthen its supply structure for Japan, China, and the ASEAN region. Sales of highly functional products will be expanded in the market for foods, in particular retort foods, for which growth is anticipated, as well as applications in the medical, pharmaceutical, and industrial materials sectors. Toppan Printing is targeting overall sales of approximately ¥130 billion for its transparent barrier film-related businesses in fiscal 2020.
- Overview of Fukaya Plant
|Company name||Toppan Packaging Products Co., Ltd.|
|Location||Honda 1158, Fukaya-shi, Saitama Prefecture, Japan|
|Total floor area||34,551㎡|
|Products||Barrier films and other functional products|
About the investment
|Investment amount||Approximately ¥10 billion|
|Production capacity||Approximately double its current level|
* The information in this press release is current as of the date of publication and is subject to change without notice.