Posted December 17, 2014

 

TOKYO – Toray Industries, Inc. announced it has reached a basic agreement with Saati S.p.A of Como Province, Italy to acquire its European carbon fiber fabric and prepreg business.

 

Toray will take over the assets of Saati’s plant in Milan in January, which would start operation as Composite Materials (Italy) S.r.l., a wholly owned subsidiary of Toray, while Saati's American composite business will still belong to the Saati Group.

 

In Europe, Toray currently is engaged in carbon fiber business starting from polyacrylonitrile (PAN) precursor at its French subsidiary, Toray Carbon Fibers Europe S.A., and CFRP parts business that uses carbon fiber fabric at its German subsidiaries of Euro Advanced Carbon Fiber Composites GmbH and ACE Advanced Composite Engineering GmbH. Through this planned acquisition of intermediate material business base, Toray will establish its own integrated supply chain and further strengthen the structure of Toray Group’s carbon fiber composite materials business in Europe.

 

Saati's carbon fiber fabric and prepreg business has been expanding rapidly in recent years as a customer of Toray Group's carbon fiber-related companies, especially of Toray Carbon Fibers Europe, under the strong cooperation between the two companies. In particular, in the automobile field, it has been highly acclaimed by the market for its quick response to customer requirements, despite being a late entrant into the market. Going forward, Toray Group will transfer its technology to CIT while aiming to expand the business beyond Europe by leveraging its global sales channel.

 

Source: Toray Industries

Toray to acquire Saati’s European carbon fiber fabric, prepreg business