Company news

10th Aug 2023

Toray Industries reported Q1 FY24 revenue of 578.1 billion yen, down 4.6 per cent YoY. Core operating income fell 19.2 per cent, and profit dropped to 13.9 billion yen. The fibres and textiles segment saw a 25.8 per cent income rise, while the carbon fibre segment rose 13.8 per cent. Assets grew to 3,347.4 billion yen, up 153.3 billion yen from...

18th Jul 2023

Toray Industries plans to increase carbon fibre production capacity at its facilities in South Carolina, US, and Korea. The expansion aims to meet the rising demand for pressure vessel applications driven by the clean energy revolution. The expansion aligns with Toray's commitment to sustainability and its goal of contributing to a carbon-neutral...

15th Jun 2023

Toray Industries will participate in the Paris Air Show to discuss advancements in composite material technologies for the aerospace industry. The company's carbon fibre and thermoplastic composites are essential in enabling the adoption of composites in aviation. Toray remains committed to sustainability and providing innovative solutions.

5th Apr 2023

Toray has won the Chemical Society of Japan's award for technical development for its 'Development of Highly Functional Textiles by Precise Control of Fibre Cross-Section Morphology'. This award recognises the creation of NanoDesign, an innovative conjugate spinning technology that allows for precise control of the cross-sectional shape of composite...

4th Apr 2023

Toray Group, a Japanese integrated chemical industry group, has made an announcement that its chairman Akihiro Nikkaku will take charge as the new president and representative member of the board. At the same time, the current president Mitsuo Ohya will be appointed as the new executive vice president and representative member of the board.

10th Feb 2023

Toray Industries has reported consolidated financial revenue of 1,901.8 billion yen, up 15.5 per cent year-on-year (YoY), for the first nine months (9M) of fiscal 2023 (FY23), ended December 31, 2022. However, core operating income fell 24.1% to 80.4 billion yen and profit attributable to owners of parent was down 16.5 per cent to 74.6 billion yen.

2nd Feb 2023

Japan’s Toray has made recycled nylon 66 recovered from silicone-coated airbag fabric scrap cuttings. This material achieves the same flowability and mechanical properties as injection moulding grades from virgin nylon 66. Toray specialises in industrial products centred on technologies in organic synthetic chemistry, polymer chemistry, and...

15th Nov 2022

Japanese textile company Toray has reported an 18.7-per cent consolidated revenue growth to 1,261.8 billion yen in the first half (H1) of fiscal 2023 (FY23) ended September 30, 2022, compared to 1,062.9 billion yen in H1 FY22. The company’s H1 FY23 profit before tax increased to 4.6 per cent to 84,976 million yen, compared to 81,205 million yen in H1...

8th Feb 2022

Japan’s Toray has developed a new analysis technology for multi-material structures consisting of both UD tape (unidirectional continuous fibre-reinforced tape) and injection moulding materials. The invention makes it possible to more precisely predict the properties of parts made up of multiple materials and more swiftly develop high-performance...

7th Feb 2022

Japan’s Toray has joined hands with blockchain technology firm Soramitsu to initiate a proof-of-concept trial to be held in March 2023 for a blockchain-based traceability system. One key goal of the Toray group sustainability vision is to help the world manage resources sustainably by 2050. Toray manufactures industrial products and raw materials.