Toray Industries, Inc.
TYO:3402 ISIN:JP3621000003
Toray Industries, Inc. (TSE: 3402), a leading diversified chemicals corporate group, has been technology-focused since its foundation in 1926. The company's operations are underpinned by technological expertise in organic synthetic chemistry, polymer chemistry, and biochemistry - Toray's three core technologies. These innovative technologies have yielded "advanced materials" that Toray is now exploiting to provide customers with comprehensive solutions through Fibers and Textiles, Plastics and Chemicals, IT-related Products, Housing and Engineering, Pharmaceuticals and Medical Products, New Products and Other Business divisions. In FY2002, Toray had consolidated sales of 1,033 billion yen (approx $8.608 billion), and over 33,000 employees worldwide.
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Asian Activities Report for January 5, 2012 includes: China Titans Energy Technology Group (HKG:2188) says that its subsidiary Zhuhai Titans Automatic Technology has received an Outstanding Contribution Enterprise Award from the local government of Hengqin New Area, Zhuhai City, China; CK Life Sciences (HKG:0775) has signed an agreement to acquire Australia-based Peaty Trading Group and its related assets for approximately A$31 million; Marubeni Corporation (TYO:8002) says that its subsidiary Marubeni Access is now providing international IP-VPN service, named VECTANT Global IP-VPN to Japanese companies' overseas subsidiaries; Toray Industries Inc. (TYO:3402) has restructured its research and development bases in Shanghai and Nantong, China.
Asian Activities Report for December 21, 2011 includes: Shandong Zhongrun Investment Holding Group Co. Ltd (SHE:000506) says today that its wholly-owned subsidiary Zhongrun International Mining Co. Ltd has signed a private placement agreement with Canadian Zinc Corporation (TSE:CZN); Toray Industries, Inc. (TYO:3402) has developed four new home water purifier products specifically for the Chinese market; Hitachi Chemical Co., Ltd. (TYO:4217) has decided to form a new company, named Hitachi Chemical Electronic Materials (Taiwan) Co., Ltd. in Taiwan; NTT Data (TYO:9613) has signed an agreement with Korean IT giant LG CNS regarding data centre cooperation.
Toray Industries (TYO:3402) (PINK:TRYIY), the world's largest manufacturer of carbon fibers signed an agreement with German carmaker Daimler (ETR:DAI) (PINK:DDAIY) yesterday for the establishment of a joint venture in Germany to produce and sell carbon fiber reinforced plastics car parts.
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