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    3402   JP3621000003

TORAY INDUSTRIES, INC.

(3402)
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Toray Industries : Full-Scale Commercial Production of TOYOLAC® ABS Resin at the New Facilities set up at Toray Plastics (Malaysia) Sdn. Berhad in Penang, Malaysia

08/17/2021 EDT
Tokyo, Japan, August 17, 2021 - Toray Industries, Inc., announced today that it has boosted Toray Group worldwide production and distribution capacities of its renown TOYOLAC®Acrylonitrile Butadiene Styrene (ABS) resin transparent grade, through its latest facilities set up at Prai Industrial Park, Penang, Malaysia.

The modern plant set up at its new facilities at Prai has boosted Toray Plastics (Malaysia) Sdn. Berhad, TPM's ABS resin production and distribution capacities by 75,000 metric tons, to 425,000 metric tons annually. Taking into accounts the ABS production output at the Chiba Plant in Japan, Toray Group is now capable of churning out some 497,000 metric tons of ABS to the worldwide markets annually

The diverse TOYOLAC® range produced by Toray includes transparent grades ABS, offerings improved anti-static, scratch and chemical resistance properties. To boost sales in its key Chinese and Southeast Asian markets and in anticipation of the rising demands from Europe, the United States of America and India, Toray look forward to increasing its worldwide production further, including the facilities at TPM.

Toray has made expanding globally in growth areas a central strategy under Project AP-G2022, its medium-term management program. The company accordingly aims to capture rising demand for transparent ABS resin and enhance supply stability by reinforcing collaboration between the Chiba Plant and Toray Plastics (Malaysia) TPM.

Disclaimer

Toray Industries Inc. published this content on 17 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 August 2021 16:31:01 UTC.


© Publicnow 2021
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Financials
Sales 2022 2 189 B 19 277 M 19 277 M
Net income 2022 92 431 M 814 M 814 M
Net Debt 2022 722 B 6 361 M 6 361 M
P/E ratio 2022 12,4x
Yield 2022 2,26%
Capitalization 1 134 B 9 970 M 9 982 M
EV / Sales 2022 0,85x
EV / Sales 2023 0,80x
Nbr of Employees 46 267
Free-Float 92,4%
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Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 708,00 JPY
Average target price 843,85 JPY
Spread / Average Target 19,2%
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Managers and Directors
Akihiro Nikkaku President, CEO, COO & Representative Director
Koichi Abe Representative Director, EVP & Technology Manager
Kunio Ito Independent Outside Non-Executive Director
Ryoji Noyori Independent Outside Non-Executive Director
Susumu Kaminaga Independent Non-Executive Outside Director
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