Troy Corp. expanded its manufacturing site and added a logistics center in Thailand to serve growing demand in Asia. It will also open a new technical service and research and development center in Bangkok in early 2013.
Troy doubled the size of its Thailand manufacturing site, increasing its versatility and production capacity. The Florham Park, N.J.-based company recently unveiled a 1,500 square meter logistics center in Thailand.
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The expansion meets the growing need for Troys products in its key markets, including metalworking, said Richard Rotherham, general manager of its metalworking additives division. The Thailand plant produces all of the key Troy bactericides and fungicides used in the metalworking fluids industry, Rotherham told Lube Report. The metalworking fluids market in Asia and especially China is growing.
In the first quarter of 2013, Troy will inaugurate a new technical service and research and development center near the Bangkok International Airport. The facility constitutes a major expansion of laboratory facilities for new product development, technical service and field testing, Troy President and CEO Daryl Smith stated.
Consultancy Kline & Co. estimated the 2011 global metalworking fluids market at 2.2 million to 2.3 million metric tons. The top region in 2011 was Asia Pacific with a 42 percent market share, Kline found.