Toray Carbon Fibers Europe to invest about 100 million euros to respond to green energy and aerospace market demand
Toray Carbon Fibers Europe, an European leader of the carbon fiber market, has decided to invest about 100 million Euros to build a new production line on its plant in South-West France. This investment will enable the company to meet growing demand for high-performance carbon fiber in France and other European countries.
The new line will be able to produce a range of carbon fibers offering superior mechanical performance. These premium products are ideally suited for the requirements of high-tech industries such as renewable energy, nuclear power and aerospace.
Construction work will commence in the second half of 2023, with production expected to start at the end of 2025. Providing up to 1,000 tons of additional capacity, this investment will also generate about 50 new jobs at the plant.
“I am delighted by this news. This investment demonstrates our shareholders’ recognition of the excellence of our products and their confidence in us as a company. It will also allow us to reinforce and secure our know-how in France”, emphasizes Jean-Marc Guilhempey, Chief Executive Officer of Toray Carbon Fibers Europe.
Since the COVID-19 pandemic, Toray Carbon Fibers Europe has adapted its business model from a strong focus on aerospace markets to industrial sectors linked to green energy production and the development of new mobility solutions. In view of the sustained demand from these emerging sectors, and the gradual recovery of the aerospace industry, Toray Carbon Fibers Europe considers it vital to prepare for the future by investing today.
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