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Toray has announced that it has purchased a 20% stake in Plasan Carbon Composites (PCC), a US manufacturer and distributor of automotive parts made from carbon-fibre reinforced plastics (CFRP).
The move signals Toray’s bid to strategically expand its carbon-fibre composite material business globally in the automotive field.
Established in 2006, PCC says it is the sole U.S. tier one supplier of CFRP-based exterior body panels for performance and luxury cars. PCC uses Toray Composites’ rapid curing, thermoset-resin prepreg for its high-speed pressure press moulding. The capital participation in PCC enables Toray to ensure a distribution channel to U.S. automobile manufacturers and establish a manufacturing and development base for CFRP automotive parts in North America, completing a comprehensive and strong supply chain.
Toray has been working on the enhancement of its business bases around the world to create a carbon fibre market for automotive applications. In Asia, the company has been designing CFRP products and developing manufacturing technologies and products primarily at the Advanced Composite Center (ACC) and Automotive Center (AMC). In Europe, which is quite advanced in the adoption of CFRP automotive parts, Toray took a stake in Advanced Composite Engineering in Immenstaad, Germany, a manufacturer and distributer of CFRP parts, and in 2011 it established Euro Advanced Carbon Fiber Composites jointly with Daimler AG to drive forward development of market and applications.
Under Toray’s medium-term management programme “Project AP-G 2013”, which positions automobiles and aircraft as one of the major growing business fields, Toray aims to significantly expand its business in the field by proactively allocating business resources.
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