30 September 2015
DETAILS
announced today that the company decided
to acquire 55% of outstanding shares of Italian
* prepreg manufacturer Delta Tech S.p.A
(headquarters: Lucca, Tuscany, Italian Republic;
hereinafter referred to as "Delta Tech"), making
Delta Tech and its wholly owned subsidiary
* Delta Preg S.p.A
(headquarters: Teramo, Abruzzo, Italian Republic;
hereinafter referred to as "Delta Preg") into its subsidiaries.
Delta Group is engaged in the development and supply
of high-quality prepreg, primarily for
premium automobile applications.
It has been highly rated by the market
for its wide range of products and services
that meet customer needs, and diligent technical services
allying with customers.
So far, Toray has been enhancing a cooperative relationship
with the Delta Group
through supply of carbon fiber Torayca®,
and this stock acquisition significantly
reinforces its carbon fiber intermediate business
in Europe along with
* Composite Materials (Italy) s.r.l (abbr. CIT)
it established by acquiring the carbon fiber textile
and prepreg business from Saati S.p.A. in January this year.
In coming years, Toray will accelerate product development
in Europe by leveraging its high-grade, high performance
prepreg technologies. Further, having both
CIT and Delta Group
under its umbrella at the same time, and
expanding products that exploit their respective strengths,
enables Toray to respond broadly to the market requirements
that are getting even more sophisticated, especially
to conquer new frontiers in the carbon fiber composites industry.
It also enhances Toray’s structure
to offer solutions to customers
at each level of its own integrated supply chain
by combining
* Toray Carbon Fibers Europe S.A. (abbr. CFE),
a French subsidiary which produces carbon fibers
from precursor and distributes it, as well as
* Euro Advanced Carbon Fiber Composites GmbH (abbr. EACC) and
* ACE Advanced Composite Engineering GmbH (abbr. ACE),
German subsidiaries that produce and distribute
carbon fiber reinforced plastic (CFRP) parts.
Under the current medium-term management program
Project AP-G 2016, Toray positions
the Carbon Fiber Composite Materials Business
as one of the Strategically Expanding Businesses
and is pursuing business expansion through
active investment of management resources.
Going forward, it will continue to drive forward
further business expansion
through sophistication of the business
by enhancing its supply chain
in each region of Americas, Europe and Asia.
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