- Toray completed the sale of its 50% stake in LG Toray Hungary Battery Separator Kft. on December 17, 2025.
- The transaction is expected to have minimal impact on Toray's fiscal results ending March 31, 2026.
- LG Toray Hungary Battery Separator Kft. was established in June 2022 with a capitalization of 22,000 euros.
- The joint venture was equally owned by LG Chem and Toray before the sale.
Transaction Completion
Toray Industries, Inc. announced the completion of the sale of its 50% stake in LG Toray Hungary Battery Separator Kft. to LG Chem, Ltd. on December 17, 2025. This transaction is expected to have minimal impact on Toray's consolidated results for the fiscal year ending March 31, 2026.
Joint Venture Details
LG Toray Hungary Battery Separator Kft. is located in Nyergesújfalu, Hungary, and specializes in manufacturing and selling battery separator film. The company was established in June 2022 with a capitalization of 22,000 euros, approximately ¥4 million. Before the sale, the joint venture was equally owned by LG Chem and Toray.
Company Profiles
LG Chem, Ltd., based in Seoul, Korea, is involved in various sectors including petrochemicals, advanced materials, life sciences, and batteries through LG Energy Solution. The company was established in January 1947 and is led by CEO Hak Cheol Shin.
