Toray Plastics America Appoints its First American Executive Vice President

NORTH KINGSTOWN, R.I.—Toray Plastics America, Inc., North American manufacturer of precision-performance, value-added polypropylene and polyester films, announces the appointment of Richard Schloesser to the position of executive vice president. Schloesser, a 17-year veteran with Toray Plastics America, Inc., is the first American in the Japanese company’s history to be appointed to that position. In his new role as executive vice president, and as part of Toray Industries’ new Localization Program, a global growth strategy that calls for locally based management, Schloesser will provide unified American leadership to Toray Plastics America, Inc., which includes the Torayfan Division (polypropylene) and Lumirror Division (polyester), and to the Virginia based Toray Plastics America PEF Division (olefin foams). Toray Plastics America, Inc., founded in 1985, and Toray Plastics America PEF Division, founded in 1996, are subsidiaries of Toray Industries, the world leader in the manufacture of synthetic fibers and textiles, carbon fibers, plastics, chemicals, pharmaceuticals, and high-performance films, with annual sales exceeding $12 billion.