Resonac Holdings transferred all shares of its wholly-owned subsidiary Resonac Packaging, which makes secondary battery and food packaging materials, to Dai Nippon Printing effective February 3, 2025. Resonac says the impact on its performance will be insignificant.
Rengo integrated the packaging solution businesses of SunTox and Mitsui Chemicals Tohcello into a merged company and acquired a 51.0% stake, making it a subsidiary renamed RM Tochello. The company makes polyolefin films and foam-molded sheets.
Sumitomo Bakelite signed an agreement to acquire 90% of SB Pax, a new company split from Asahi Kasei Pax's laminated plastic film business, to expand its films and sheets business for pharmaceutical packaging. SB Pax is scheduled to begin operations on 1 April 2024.
Kaneka Corporation has decided to significantly increase production capacity for its PHBH biodegradable polymer Green Planet in Japan, with further capacity planned in Europe and America.
Kaneka has completed a PHBH biodegradable polymer plant with annual production capacity of about 5,000 tons, five times its previous model, at an investment of around 2.5 billion yen.
Food tray maker Efupico will invest about 2.7 billion yen to expand processing and moulding equipment for food containers made from used PET bottles. It plans to raise capacity by 20% within fiscal 2020.
TBM began construction on August 26, 2019 of its second domestic LIMEX plant in Tagajo, Miyagi Prefecture, with about 25,000 tonnes annual output and operations planned for winter 2020, employing around 60 local workers.
Toyo Seikan Group's subsidiary Toyo Seikan will build a new plant building at its Toyohashi factory in Aichi Prefecture to make plastic pouches and cups, with total investment of about 9 billion yen including capacity equipment. Completion is planned for March 2020.
Toyo Seikan decided to construct a new factory building for manufacturing flexible packaging containers within its Toyohashi Plant in Aichi Prefecture. The project costs 9 billion yen and is scheduled for completion in March 2020.
Efupiko began operations at its Kanto Eco Pet plant in Yachiyo, Ibaraki, Japan, which produces about 20,000 tonnes per year of recycled PET raw material. The investment was about ¥15.7 billion, and the company announced the start on November 1, 2017.