New facility serves growing APAC region demand, and complements Penn Color's Technology Center in Singapore opened in January.

CONTACT INFORMATION

Kristin Nugent
McNeil, Gray & Rice, Inc.
617-367-0100 x148
Kristin.Nugent@mgr1.com


Rayong, Thailand, April 28, 2023 - Penn Color, Inc. has taken a significant step in expanding its manufacturing capabilities with the opening of a world-class facility in the Pluak Daeng Subdistrict, Rayong Province, Thailand. Situated in the heart of the Eastern Economic Corridor (EEC) and located near major industrial areas and the largest ports in Thailand, this new factory allows Penn Color to supply high-quality colorant and additive masterbatches to markets throughout the Asia-Pacific region.

"This state-of-the-art facility has been planned with remarkable levels of flexibility to meet the most demanding technical and quality requirements, for packaging, consumer goods, building products and transportation. We bring here decades of experience and our most advanced manufacturing techniques," says Scott Stamback, VP Sales EMEA & Asia.

Specifically designed to allow for future expansion to meet the increasing demand in the APAC region and beyond, one of the most outstanding features of this facility is that it uses the most recent technology for energy efficiency of its primary equipment, including a major portion being powered by solar-generated electricity. "The team has managed to deliver on time despite having to navigate the challenging waters of the pandemic during the early stages of this project," concludes Stamback.

With the country's strong customer base, availability of raw materials, industry expertise, and highly skilled workforce, Thailand is the ideal location to establish a manufacturing presence as the company further strengthens its footprint in Asia. Additionally, Thailand's Board of Investment (BOI) is promoting policies that aim to advance the country's development toward an Industry 4.0 standard, using modern technology and infrastructure to operate at the highest level of efficiency. Penn Color is excited to be a part of this progression and is confident that the new Thailand plant will thrive as they work towards their goal of advancement and growth in the region.

Penn Color's new production plant in Thailand is a strategic complement to the company's Technology Center in Singapore, which was opened in January of this year. These two facilities were designed to play to their respective strengths, to provide together unmatched speed to market and flexibility. "Penn Color has earned the trust of major customers at a global scale," says Kevin Putman Jr, President and CEO of Penn Color. "The inauguration of Singapore and now Thailand demonstrates our commitment to meeting customer expectations for advanced color & functional additive masterbatch technologies in the Asia-Pacific region. We are committed to bringing state-of-the-art capabilities and an exceptional customer experience to drive our customers' success in this highly competitive market."


About Penn Color Inc.

Headquartered in Hatfield PA, USA, Penn Color is a family-owned leading global supplier of colors and functional additives in masterbatches and compounds for thermoplastics, as well as high performance pigment dispersions for inks & coatings. With a diversity of technologies and expertise that is unique in the industry, Penn Color serves applications for consumer goods, building and construction, transportation and infrastructure industries.

Penn Color has customers in 68 countries and operates multiple sales, R&D and manufacturing sites in the USA, Europe and Asia.

For further information, please go to: www.penncolor.com.