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

Toray Industries and MCM Co (part of Chung Ho Nais Group) established a joint venture named M&T Engineering Co. Ltd. in South Korea, capitalized at 6 billion won. MCM holds 60% and Toray 40%, aiming to produce high-performance air filters.

“Toray and MCM will position M&TE as the base for global expansion of the air filter business”nonwovensnews.com

• 1 source
• nonwovensnews.comToray to expand air filter business in KoreaHaydn DavisNov 12, 2018

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