Toray Industries, Inc. completed the acquisition of the European carbon fibre fabric and prepreg business from Saati S.p.A.
January 30, 2015 at 11:00 pm
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Toray Industries, Inc. (TSE:3402) entered into a basic agreement to acquire the European carbon fibre fabric and prepreg business from Saati S.p.A. on December 10, 2014. As per the terms of the deal, Toray will also take over the assets of Saati's plant in Legnano, Milan province, next month. Post acquisition, European carbon fibre fabric and prepreg business would start operation as Composite Materials (Italy) S.r.l., (CIT), a wholly-owned subsidiary of Toray, while Saati's American composite business will still belong to the Saati Group.
Toray Industries, Inc. (TSE:3402) completed the acquisition of the European carbon fibre fabric and prepreg business from Saati S.p.A. in January 2015.
Toray Industries, Inc. is a diversified group organized around 5 areas of activity:
- fiber and textile production (38.2% of net sales): nylon, polyester, acrylic fibers, non-woven products, etc.;
- plastic and chemical manufacture (38.2%): resins, plastic films, fine chemicals, etc.;
- engineering and environmental services (10.3%): development, construction, and assembly of industrial units, manufacture of seawater desalinization equipment, wastewater treatment equipment, etc.;
- production of carbon fibers (9.7%);
- other (3.6%): primarily fabrication of pharmaceutical and medical products.
Net sales break down geographically as follows: Japan (44%), China (19.5%), Asia (19.8%) and other (16.7%).
TORAY INDUSTRIES, INC. 
