Mexican Media Brands
Toray Buys Dutch Carbon-Fiber Supplier
Japan’s Toray Industries Inc. has agreed to buy a Dutch maker of carbon-fiber composites in a bid to expand sales in the auto industry.
Share
Japan’s Toray Industries Inc. has agreed to buy a Dutch maker of carbon-fiber composites in a bid to expand sales in the auto industry.
Toray says it will spend €930 million ($1.2 billion) to acquire TenCate Advanced Composites Holding (TCAC), an 18-month-old unit of fabric and composites maker Koninklijke Ten Cate BV. The subsidiary has operations in Europe and the U.S.
TCAC specializes in pre-impregnated composite fibers that are then formed and cured in heated molds. Toray says the company’s capabilities and distribution channels will help it expand into the automotive and small airplane markets.
The companies expect to complete the sale in the second half of this year, pending regulatory approvals.
RELATED CONTENT
-
On Automotive: An All Electric Edition
A look at electric vehicle-related developments, from new products to recycling old batteries.
-
Plastics: The Tortoise and the Hare
Plastic may not be in the news as much as some automotive materials these days, but its gram-by-gram assimilation could accelerate dramatically.
-
on lots of electric trucks. . .Grand Highlander. . .atomically analyzing additive. . .geometric designs. . .Dodge Hornet. . .
EVs slowdown. . .Ram’s latest in electricity. . .the Grand Highlander is. . .additive at the atomic level. . .advanced—and retro—designs. . .the Dodge Hornet. . .Rimac in reverse. . .
