November 26, 2014     Japanese 
  JCN 
	  Network - Home
JCN Newswire
  Home  |  Companies  | Annual Reports  |  CSR  | News Alerts     
 
Share:
Toray Acquires Remaining Shares in French Carbon Fiber Manufacturing Venture
 

Tokyo, Jan 20, 2012 (JCN) - Toray Industries Inc. has purchased the 30% shares of Arkema in Societe des Fibres de Carbone S.A. (SOFICAR), a subsidiary engaged in manufacturing and sales of carbon fibers in France, to make it into a wholly owned subsidiary. Along with the purchase of the remaining stake, Toray is renaming SOFICAR as Toray Carbon Fibers Europe S.A. (CFE) to show its strong commitment to European customers and end-users as the Toray group company.

SOFICAR was established in 1982 as a joint venture with Elf Aquitaine (35% by Toray and 65% by Elf Aquitaine). Since Toray increased its stake to 70% in 1988, SOFICAR has been expanding its business as the strategic base of Toray's carbon fiber composite materials business in Europe. SOFICAR currently has a carbon fiber production capacity of 5,200 tons a year.

After making the company into a wholly owned subsidiary, Toray plans to further accelerate its move to establish the integrated value chain of carbon fiber Torayca and expand the business through installing new production lines of raw material fiber (precursor) and prepreg for aircraft applications in the future, as well as further expansion of carbonization capacity.

By Chris Lui Staff Writer

Copyright © 2014 JCN. All rights reserved. A division of Japan Corporate News Network KK.


 Company Profile |   Print  |   Alerts
ACN Newswire

 Recent  Toray News  
  Toray Expands Automobile-related Carbon Fiber Composite Material Business in U.S.  (July 18, 2013)
  Toray and Gevo Sign Bio-Paraxylene Offtake Agreement for Bio-based PET Production  (June 28, 2012)
  Ajinomoto and Toray to Collaborate on Biobased Nylon Research  (Feb 20, 2012)
  Toray to Supply RO Membrane to Asia's Largest Desalination Plant  (Feb 10, 2012)
  Toray to Build New Artificial Kidney Plant in China  (Feb 3, 2012)
  Toray Acquires Remaining Shares in French Carbon Fiber Manufacturing Venture  (Jan 20, 2012)
  Toray to Acquire Equity Stake in Mitsui Subsidiary MicroBiopharm  (Jan 5, 2012)
  Toray, Japan Tobacco and Torii Terminate the Joint Development of Nalfurafine Hydrochloride for Pruritus  (Dec 27, 2011)
  Toray Produces World's First Fully Renewable, Biobased Polyethylene Terephthalate (PET) Fiber  (Nov 24, 2011)
  Toray, Mitsubishi Tanabe Pharma Sign Agreement on TRK-820 Development  (Oct 25, 2011)



 Recent  Composites News   
Yokohama Rubber Breaks Ground for New Marine Products Plant in Indonesia  (July 29, 2014)
Toppan Printing to Establish New Transparent Barrier Film Production Plant in U.S. (June 25, 2014)
Kuraray Develops New Flexible Zirconia (June 5, 2014)
Toppan Printing Develops GL Film Using Mechanically Recycled PET Film  (June 2, 2014)
AGC's Light Control Pair Glass Used on 'Gauge Changeable' Test Train (Apr 23, 2014)
AGC Enhances Production Capacity of Ultra-Thin Glass in Thailand by 50% (Feb 4, 2014)
Kuraray, AIST Create PVB Film to Make Photovoltaic Modules Lighter and Less Expensive (Oct 5, 2013)
Fujifilm Launches 'UVSCALE' Light Amount Distribution Measurement Film  (Oct 4, 2013)
Mitsubishi Plastics Completes Plant for Highly Functional Films for Agricultural Greenhouses in China (Aug 7, 2013)
Teijin's Technora Para-aramid Fiber to be used in Space Elevator Challenge (Aug 6, 2013)

More Composites news...
 
CSR Report Download
Annual Reports

  More >>    
Most Popular


About JCN | Privacy Policy | Terms of Use | JCN Network (日本語)