Spectral Medical Inc T.EDT

RE:RE:TODAY’S NUMBERS

[mercedesman]

Interesting that you picked a Japanese bullet train 

Toray is no longer shy about investing in the US , as evidenced by the fact that they now own 10 US companies 

MM 

AI generated inquiry below 

Toray is making significant inroads into the U.S. market through strategic investments and expansions, notably a $600 million investment in its Spartanburg, South Carolina, carbon fiber plant to increase production and meet rising demand in sectors like clean energy and automotive. The company is also expanding its Toray Advanced Composites plant in Morgan Hill, California, and through acquisitions like Zoltek in the past, it has strategically positioned itself to serve key U.S. industries. 

Key Initiatives and Investments

• $600 Million Carbon Fiber Expansion:

  Toray is investing $600 million to expand its carbon fiber production capacity in Spartanburg, South Carolina, creating new jobs and facilities. This expansion aims to increase production by 3,000 metric tons, focusing on materials for clean energy applications like hydrogen storage and natural gas. 
• Toray Advanced Composites:

  The company is expanding its Morgan Hill, California, facility, indicating growth in its thermoplastic and thermoset composite materialsbusiness within the U.S. 
• Acquisition of Zoltek:

  The acquisition of Zoltek, a U.S. manufacturer of large-tow carbon fiber, broadened Toray's market presence in the U.S. by adding lower-cost carbon fiber for automotive and wind energy applications to its existing high-end offerings. 

Market Focus

• Automotive:

  Toray is increasing its focus on automotive applications for carbon fiber reinforced plastics (CFRP), which contribute to weight reduction and performance improvements. 
• Clean Energy:

  The company is expanding production of materials used in clean energy components, including hydrogen and natural gas, to meet growing demand in the U.S. 
• Aerospace:

  Toray's U.S. operations, such as Toray Composite Materials America, support the U.S. aerospace industry, including the Future Long Range Assault Aircraft program. 

Strategic Importance

• Meeting Demand:

  These investments demonstrate Toray's strategy to meet the increasing demand for its advanced materials in the U.S. market. 
• Global Presence:

  By producing and expanding operations in the U.S., Toray strengthens its ability to supply its products globally and cater to a diverse range of industrial sectors.