Toray starts another major investment in Hungary - VIDEO REPORT

Toray starts another major investment in Hungary - VIDEO REPORT

Groundbreaking ceremony for the new Toray Industries investment at Nyergesújfalu

The Japanese Toray Industries has chosen Hungary once again as an investment location. The company will manufacture separator films required for lithium-ion batteries from the second half of 2021 in Nyergesújfalu. The investment of EUR 408 million will create 188 new jobs, mostly with high added value.

The Tokyo-based Toray Industries is an integrated group in the chemical industry, its activities can be divided into 5 major business segments: chemical fibres and textiles; performance chemicals; carbon fibre composite materials; life sciences; environmental protection and engineering. Their products are primarily used in industry, aviation and aerospace as well as the manufacture of sports goods.

The Toray Group increased the capacities of its factories producing separator film in Japan and South Korea last year, but owing to the increase in demand due to the spread of electric cars, the industry needs an increasing amount of such products both globally and in Europe. The investment in Nyergesújfalu also serves this purpose, and from this time – keeping production close to the area of use – Toray will manufacture 20% more separator films.