NetComposites
Attwater

Toray to Make Full-fledged Entry into Carbon Fibre Prepreg Business in Europe

23 December 2014

Toray Industries has reached a basic agreement with Saati to acquire its European carbon fibre fabric and prepreg business. 

Toray says it will take over the assets of Saati’s plant in January 2015, which would start operation as Composite Materials (Italy), (CIT), a wholly-owned subsidiary of Toray, while Saati's American composite business will still belong to the Saati Group. In Europe, Toray explains it is currently engaged in carbon fibre business starting from polyacrylonitrile (PAN) precursor at its French subsidiary, Toray Carbon Fibers Europe (CFE), and CFRP parts business that uses carbon fibre fabric at its German subsidiaries of Euro Advanced Carbon Fiber Composites (EACC) and ACE Advanced Composite Engineering (ACE).

Through this planned acquisition of intermediate material business base, Toray says it establishes its own integrated supply chain, and would further strengthen the structure of Toray Group’s carbon fibre composite materials business in Europe. Saati's carbon fibre fabric and prepreg business has been expanding rapidly in recent years as a customer of Toray Group's carbon fibre-related companies, especially of CFE, under the strong cooperation between the two companies. In particular, in the premium automobile field, it has been highly acclaimed by the market for its quick response to customer requirements, despite being a late entrant into the market.

Going forward, Toray Group claims it will transfer its technology to CIT while aiming to expand the business beyond Europe by leveraging its global sales channel. Toray positions its Carbon Fiber Composite Materials Business as one of the Strategically Expanding Businesses and plans to drive forward exponential expansion of the business by proactive investment of management resources including M&A under the medium-term management program “Project AP-G 2016” launched in April 2014. The acquisition of CIT is part of this strategy, and Toray aims to expand and advance its Carbon Fiber Composite Materials Business through enhancing its supply chain.





Share this story


Related / You might like...

‘Inspired from Life, We Reinforce Life’ Says Kordsa’s New Campaign

Kordsa, operating in tire, construction reinforcement and composites technologies market with its mission ‘We Reinforce Life’, has launched a new campaign with the slogan ‘Inspired from life, we reinforce life’.

Dura Composites Launch New Co-Extruded Fire-Rated & Slip-Resistant Decking Ranges

Dura Composites has expanded its Dura Deck range to include Dura Deck Resist, a co-extruded decking board with an innovative 360 degree outer angle which protects its core from the elements, as well as a new and improved Dura Deck Eco.

USQ Delivers Technology Workshop on Composite Rebars

The University of Southern Queensland (USQ) has partnered with Composites Australia to provide Australian civil and composite engineers with access to the latest knowledge on an innovative reinforcing solution to the costly corrosion of concrete infrastructure.