manufacturing

Toray Plastics invests $15M in facility expansion

COURTESY TORAY PLASTICS (AMERICA) INC.
TORAY PLASTICS' $15 million investment to install new coating equipment at its North Kingstown facility has already created 12 new jobs, a company spokesperson told Providence Business News.
Posted 4/24/13

NORTH KINGSTOWN – Toray Plastics (America) Inc. has invested roughly $15 million to expand its North Kingstown facility and install new coating equipment in order to meet the customer demand for “value-added films with advanced specialty layers,” said a company release.

A Toray Plastics spokesperson told Providence Business News that the expansion has already created 12 new jobs, adding that the company expects the number to rise to 20 within the year.

“Our objective has always been to provide value to our customers so they are free to focus on their core competencies and grow their business,” Paul Knollmeyer, corporate marketing manager for Toray Plastics, said in prepared remarks. “We’re very excited to be able to provide them with the kind of advanced technology they have requested.”

In the release, Knollmeyer added that the capital investment presents his company with the opportunity to further expand research and development into new and more advanced film technologies.

On its website, Toray Plastics claims to have invested more than $650 million in its American operations in the last 20 years. Toray’s manufacturing investment capitalizes on growing demand for packaging films with coatings and properties tailored to client specifications, according to the company.

To commemorate its equipment receipt, due to be operational in 2013’s second quarter, the company has invited Toray executives, local lawmakers and “dignitaries” to a planned May 2 ribbon cutting at its Quonset Business Park location.

Rhode Island’s Toray Films Division campus is devoted to the producing various plastics and films for food packaging, plastic recording tape and other industrial markets, according to its website. Toray America is a subsidiary of Toray Industries Inc. headquartered in Tokyo.

Calendar
PBN Hosted
Events

Join PBN for the best networking event and party of the winter - January 15, 2015 - the Book of Lists Party at the Providence Public Library. Reserve your spot early!
  • Best Places to Work
    Enrollment is now open for the 7th annual Best Places to Work program. Winners w ...
  • Manufacturing Awards
    Applications are now being accepted for the 2nd Annual Manufacturing Awards. Dea ...
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News
    Advertisement