Toray Plastics America to Lead Expansion in Europe

NORTH KINGSTOWN, R.I.—Toray Plastics (America), Inc., North America’s only manufacturer of precision-performance polyester (PET) and polypropylene (PP) films, is taking a leading role in Toray Industries, Inc.’s decision to grow its packaging film business in Europe.

Toray Industries, Inc., headquartered in Chuo-ku, Tokyo, will establish Toray Films Europe S.A.S, (also known as TFE), in Rhône-Alpes, France in Feb. 2008, for the production of Torayfan bi-axially oriented polypropylene high-barrier metallized film. Toray Plastics (America), Inc. will drive the development and commercialization of the new business’s Torayfan film technology and help establish TFE as a core production base in Europe. Toray Plastics (America), Inc. will then continue to bring new value-added high-oxygen-barrier and high-moisture-barrier film advancements to TFE as it develops them.