- Toray sells its remaining 30% stake in the Hungarian joint venture to LG Chem for ¥30 billion.
- The divestment agreement was signed on October 1, 2025, with a planned closing in December 2025.
- The joint venture manufactures battery separator film for lithium-ion batteries.
- Toray continues operations in Japan and South Korea, with minimal impact on its fiscal results.
Transaction Details
Toray Industries, Inc. has agreed to sell its remaining 30% stake in LG Toray Hungary Battery Separator Kft. to LG Chem, Ltd. for approximately ¥30 billion. This joint venture, located in Nyergesújfalu, Hungary, specializes in manufacturing and selling battery separator film for rechargeable lithium-ion batteries.
Ownership and Management
Initially, Toray held a 50% stake in the company. Earlier this year, it sold a 20% portion to LG Chem, which then took over primary management and operational responsibilities. The current agreement finalizes the transfer of Toray's remaining stake.
Future Operations
Despite the divestment, Toray will continue to develop, manufacture, and supply battery separator film-related products at its facilities in Japan and South Korea. The company expects minimal impact on its consolidated results for the fiscal year ending March 31, 2026, due to this transaction.
Timeline
The divestment agreement was signed on October 1, 2025, with the transaction expected to close by December 2025, contingent upon regulatory approvals and other conditions.
