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TOPPAN Holdings and Toyo Seikan signed a letter of intent to form a joint venture in Sweden to manufacture packaging for automotive lithium-ion batteries, with Toyo Seikan holding 51% and TOPPAN 49%. Operations are expected to start in 2026 or later, with about Y11 billion ($68.6 million) planned investment.
TOPPAN Holdings and Toyo Seikan will sign a letter of intent to set up a joint venture in Sweden making lithium-ion battery packaging for automakers, with Toyo Seikan holding 51% and a planned total investment of about 11 billion yen.
Bangkok Glass, BG Container Glass and Singha acquired a combined 25.1% stake in Bangkok Can Manufacturing from Toyo Seikan in a deal valued at over THB 499 million.
Toyo Seikan announced on 27 May 2020 a total investment of about ¥12 billion to add automated aluminum two-piece can manufacturing equipment at its Ishioka plant in Ibaraki, with start-up from April 2021.
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.
Bangkok Can Manufacturing, a subsidiary of Japan's Toyo Seikan Group, is building a new two-piece aluminium beverage can plant at Rojana Industrial Park in Ayutthaya, north of Bangkok, with a US$84.2 million investment. Startup is targeted for May 2019.
Toyo Seikan Group's subsidiary Bangkok Can Manufacturing will build a new aluminum beverage can plant at Rojana Industrial Estate in Ayutthaya Province, Thailand, with an investment of 9 billion yen and operations scheduled from May 2019.
