TOKYO -- Toyo Ink SC Holdings will postpone the construction of its Turkish plant, scheduled to start in the second half of 2018, by six months to a year because the lira's plunge raises the cost of procuring materials from abroad, Nikkei has learned.
The Japanese company had planned to build a facility for polymers used in making inks for the packaging of food and other products. Toyo Ink purchased roughly 62,000 sq. meters at an industrial park in Manisa Province in western Turkey and selected a construction company for the project.
