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Toray Industries

#1638

Rank

$10.2B

Marketcap

JP Japan

Country

Toray Industries
Leadership team

Mr. Akihiro Nikkaku (CEO, Pres, COO & Representative Director)

Mr. Masahiko Okamoto (Sr. Exec. Officer, Head of Fin. & Accounting Department and Director)

Mr. Koichi Abe (EVP of IP Div, Global Env Bus., Life Innovation Bus. Strategic Planning. Dept & Technology Center)

Products/ Services
Biotechnology, Innovation Management, Manufacturing, Nanotechnology
Number of Employees
20,000 - 50,000
Headquarters
Tokyo, Tokyo, Japan
Established
1926
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
3402.T
Overview
Location
Summary
Toray Industries, Inc., together with its subsidiaries, manufactures, processes, and sells fibers and textiles, performance chemicals, carbon fiber composite materials, environment and engineering products, and life science products in Japan, China, North America, Europe, and internationally. The company offers filament yarns, staple fibers, and spun yarns, as well as woven and knitted fabrics of nylon, polyester, acrylics, and others; non-woven fabrics; ultra-fine fibers; and apparel products. It also provides nylon, ABS, PBT, PPS, and other resins and molded products; polyolefin foam products; polyester, polyethylene, polypropylene, and other films; processed film products; raw materials for synthetic fibers and other plastics; fine chemicals; electronic and information materials; and graphic materials. In addition, the company offers carbon fibers, carbon fiber composite materials, and molded products; analysis, physical evaluation, research, and other services; and pharmaceuticals, medical devices, etc. Further, it provides engineering services; condominiums; industrial equipment and machinery; IT-related equipment; water treatment membranes and related equipment; and materials for housing, building, and civil engineering applications. The company was formerly known as Toyo Rayon Co., Ltd. and changed its name to Toray Industries, Inc. in 1970. The company was incorporated in 1926 and is headquartered in Tokyo, Japan.
History

Toray Industries had been originally established as Toyo Rayon in 1926 by Mitsui Bussan, one of the two largest Japanese trading companies of the time . The fact that Mitsui did not allow the company to be named as a Mitsui company indicates their skepticism of the risk on the business. Risk arose from the fact that, when it was established, the company did not have the right technology to produce Rayon. It had approached Courtaulds and then Du Pont to buy the technology but, because the price was too high, it decided to buy equipment from a German engineering company and hire about twenty foreign engineers to start the operation.When Nylon was invented in 1935 by Wallace Carothers of DuPont, Toray immediately got hold of a sample product through the New York City branch of Mitsui Bussan, and started research by dissolving this sample in sulfuric acid. Because of the patent protection, the company had to make its own effort to synthesize polyamide and make fibre out of it. In 1941, just three years after Du Pont's announcement of nylon, Toray completed the basic research on nylon and started building a small plant to produce Nylon 6. The operation started in 1943 and the product was sold, mainly to make fishing nets.

In 1946, following the end of World War II, Du Pont requested an investigation by GHQ of Toray's infringement of Du Pont's nylon patents but GHQ found no evidence of infringement, certifying that Toray's nylon technology was its own.Toray is currently the world's largest producer of carbon fiber, and Japan's largest producer of synthetic fiber. Its carbon fiber is extensively used in exterior components of the Boeing 787 airliner.In 2014, as a major aerospace composites supplier, Toray opened a polyacrylonitrile , the carbon fiber precursor, production line in Lacq, south-western France.

Mission
Transcending traditional ideas, technologies and products, Toray Group will contribute to society by creating innovative value with society and customers.
Vision
Toray Group's vision is to create a new future through innovative products and solutions, building on our unique strengths.
Key Team

Mr. Hideki Hirabayashi (Corp. VP of CSR & IR, Legal & Compliance Div., Gen Admin & Communications Div. & Tokyo Head Office)

Mr. Mitsuo Ohya (EVP of Legal & Compliance Division, Marketing and Sales & Corp. Marketing Planning Dept)

Mr. Hiroshi Otani (Sr. VP, GM of Water Treatment & Environment Division)

Mr. Minoru Yoshinaga (Sr. VP of Torayca & Advanced Composites Division and Director)

Mr. Satoru Hagiwara (Sr. VP, GM of Film Bus. Division & Director)

Mr. Yasuo Suga (Sr. VP, GM of Corp. Planning Office & Quality Assurance Div HS Dev. Dept. and Director)

Mr. Hirofumi Kobayashi (Sr. VP of Pharmaceuticals & Medical Products Division)

Recognition and Awards
Toray Industries, Inc. has received various awards, including the Innovation Award from The Nippon Keidanren, the Dr. Shigeo Shingo Prize for Excellence in Manufacturing and the Japan Quality Award in 2006, as well as the Japan Quality Medal in 2008.
References
Toray Industries
Leadership team

Mr. Akihiro Nikkaku (CEO, Pres, COO & Representative Director)

Mr. Masahiko Okamoto (Sr. Exec. Officer, Head of Fin. & Accounting Department and Director)

Mr. Koichi Abe (EVP of IP Div, Global Env Bus., Life Innovation Bus. Strategic Planning. Dept & Technology Center)

Products/ Services
Biotechnology, Innovation Management, Manufacturing, Nanotechnology
Number of Employees
20,000 - 50,000
Headquarters
Tokyo, Tokyo, Japan
Established
1926
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
3402.T