Japanese company, Toray Industries is planning on major expansion of its carbon fiber business in the coming years to meet the surge in demand from automotive companies.
The company is planning to spend more than 20 billion yen (USD 176 million) to increase its production of automobile components.Toray Carbon Fiber Automotive Industry
The company will shortly build its first plant for the production of fuel cell components in Japan on the grounds of a plant in Ehime Prefecture. Toray Carbon Fiber Automotive Industry
This factory will become operational in 2018, will make enough electrode sheets every year for use in 100,000 fuel cell vehicles.Toray Carbon Fiber Automotive Industry
Currently, Toray is already supplying electrode sheets in smaller quantities for use in Yoyota’s Mirai and the Clarity fuel cell vehicles from Honda.Toray Carbon Fiber Automotive Industry
Over the next few years, Toray is expected greater demand for the technology as fuel cell technology gains more widespread acceptance across the world.