Toray Industries Inc. announced last week that its resin compounds subsidiary Toray Resin Mexico S.A. de C.V. (TRMX) opened a sales office in Monterrey, Mexico, last month. This will be the Mexican manufacturing, marketing, and distribution subsidiary’s third sales office in the country, after those in El Salto and Queretaro.
With new players in the automotive and other sectors set to enjoy growth in Monterrey and other areas of northern Mexico because of the recent free trade agreement between Canada, Mexico and the United States, the office will help the company more swiftly identify needs and accelerate customer service in the region.
Toray began selling imported compounds in Central America from the early 2000s. In 2014, it became the first Japanese engineering plastics manufacturer to create a local subsidiary when it established TRMX. That unit supplies polyamide (PA) and polybutylene terephthalate (PBT) resin compounds, primarily for expanding automotive applications. It also imports and sells polyphenylene sulfide (PPS) and acrylonitrile butadiene styrene (ABS).
TRMX has stabilized supplies and shortened lead times by manufacturing locally, and has reinforced inventory and delivery management. It has also built a more attentive sales structure while bolstering its capabilities in such areas as advanced analytical equipment and computer-aided engineering analysis software, said the company.
Last year, TRMX obtained certification under IATF 16949, one of the automotive industry’s most accepted international standards for quality management. TRMX looks to leverage more robust quality and services and speedy development to cater to the increasingly sophisticated and diverse needs of its customers, said Toray. The company also said it plans to pursue sustainable growth by expanding its operations in countries and regions offering outstanding economic potential to foster further progress.
Image: Andriano_cz/Adobe Stock