Toray to Strengthen the U.S. Carbon Fiber Business

February 27 2017

Toray Industries, Inc. apprises of its decision to integrate its U.S. subsidiaries Toray Carbon Fibers America, Inc., engaged in manufacturing and sales of regular tow 1 carbon fiber, and Toray Composites (America), Inc., engaged in manufacturing and sales of its high technology prepreg material (resin-impregnated carbon fiber sheet). Beginning in April 2017, the two businesses will be integrated to a single business operating structure of carbon fiber and prepreg. TCA will be the surviving company and its name will be changed to Toray Composite Materials America, Inc. The new company will have a capitalization of approximately 40 billion yen, with sales of approximately 70 billion yen and an employee count of about 1,000.

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