close

Mar. 19, 2013
Toray Industries, Inc.
Toray Celebrates 40th Anniversary of Business in Indonesia

Toray Industries, Inc. (headquarters: Chuo-ku, Tokyo; President: Akihiro Nikkaku; hereinafter referred to as “Toray") announced today that this year it is celebrating the 40th anniversary of its business in the Republic of Indonesia. On March 18, Toray held a commemoration ceremony and commemorative exhibition in the country's capital Jakarta, Shangri-La hotel. At the ceremony, Sadayuki Sakakibara, Chairman of the Board of Toray, and Toray President Nikkaku welcomed eminent guests including Mr. Sofjan, Chairman of the Employer's Association of Indonesia and Mr. Katori, Ambassador of Japan to the Republic of Indonesia. The Toray officials spoke about Toray's future business expansion and the contributions to Indonesia while expressing gratitude for Toray's business in Indonesia over the years. About 500 people visited this event. In Indonesia, Toray started operations of Century Textile Industry (CENTEX), which produces polyester-cotton (T/C) blend fabrics, and Indonesia Synthetic Textile Mills (ISTEM), which makes polyester-rayon (T/R) blend fabrics in 1972. This was shortly followed by the establishment of Indonesia Toray Synthetics (ITS), which produces nylon filament and polyester filaments and staple, Acryl Textile Mills (ACTEM), which spins and dyes acrylic staple, and Easterntex (ETX), which makes T/C blend fabrics, growing significantly by expanding export markets on the back of domestic demand and strong cost competitiveness. In 1996, Toray established a trading company Toray International Indonesia (TIIN), in 2002 Toray Industries Indonesia (TIN), which controls the business of Toray Group Indonesia, and in 2011 Toray Polytech Jakarta (TPJ), which makes high-performance polypropylene non-woven fabric. This year, the group will start operations of a nylon and polybutylene terephthalate (PBT) resin compound manufacturing facility at ITS. At the same time, Toray established Indonesia Toray Science Foundation (ITSF) in 1993 and has been contributing to the promotion of scientific technology in the country. Scientific technology is indispensable for the development of a nation and ITSF has been supporting various projects in the natural science fields and recognizing them with awards. Under the medium-term management program “Project AP-G 2013” launched in 2011, Toray Group aims to become a corporate group that continually expands revenues and profits and is currently driving forward a group-wide project of the Asia and Emerging Country Business Expansion (AE) Project, which is aimed at tapping the burgeoning economies of Asian and other emerging countries. Going forward the group will continue to pursue new business opportunities. In the region, Toray will especially focus on the rapidly expanding ASEAN region and Indonesia and will actively carry out expansion in not only the existing fibers and textiles business, but also businesses such as resin, film, water treatment, pharmaceuticals and medical products.

commemoration ceremony

commemoration ceremony


# # #