Toray news

A demonstration test aims to improve chemical logistics via rail, addressing transport capacity issues and reducing emissions by using collaborative 31-foot containers.

The JV will invest $375M, start plant construction next year, and target European battery firms. LG Chem aims for management control in 30 months, leveraging synergies in fabric and coating technologies.

The new facility in Hungary will boost BSF production by 20%, meeting rising demand from EVs and consumer electronics, aligning with Toray's strategy of local production for local consumption.

The new facility will produce 3,000 tons annually, serving Europe's growing PPS resin market, especially in automotive applications, and enhancing local supply and customer support.

The new plant boosts cost competitiveness by enabling integrated production and supports global expansion. Demand for carbon fibers is growing, with Toray expanding its product range to meet market needs.