Toray and MCM establish joint venture M&T Engineering in South Korea

Toray Industries and MCM Co., Ltd. will establish a joint venture company named M&T Engineering in South Korea, capitalized at 6 billion won (about ¥600 million), with MCM holding 60% and Toray 40%. The JV will produce high-performance filters using Toray's nonwovens and MCM's filtration expertise.

“The company will be capitalized at 6 billion won (about ¥600 million), with MCM having a 60% stake and Toray investing 40%.”nonwovens-industry.com

• 1 source
• nonwovens-industry.comToray Partners with Water Purification Specialist - Nonwovens IndustryBy: Karen McIntyre EditorNov 5, 2018

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