Toray Plastics to Lead Toray Industries' Expansion in Europe

NORTH KINGSTOWN, RI | Toray Industries is establishing Toray Films Europe S.A.S. (also known as TFE) in Rhone-Alpes, France, for the production of Torayfan biaxially oriented polypropylene high-barrier metallized film. Toray Plastics will drive the development and commercialization of the new business' Torayfan film technology and help establish TFE as a core production base in Europe. Toray Plastics then will continue to bring new value-added high oxygen barrier and high moisture barrier film advancements to TFE as it develops them.

Toray Industries expects to invest approximately $100 million in the project. Construction of the new manufacturing facility, which will include metallization capabilities, will begin this year at the site as Toray Plastics Euorpe, also known as TPEu. TPEu is the company's polyester film manufacturing base in France. Operations are anticipated to start in April 2010. Annual BOPP film capacity is projected to be 20,000 tons. Metallization production is projected to be 22,000 tons. See http://www.torayfilms.com.


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