# Toray to invest $780M to boost carbon fiber capacity in US, France, South Korea

Toray Industries will invest 100 billion yen ($780 million) to increase production capacity for carbon fiber materials used in airplanes and hydrogen fuel tanks by 2025. The expansion will take place at plants in the United States, France, and South Korea.

- Type: Expansion
- Announced: 2023-01-13
- Where: United States, France, South Korea, South Korea
- Value: $780.0M (100.0B JPY)
- Starts operating: 2025
- Status: announced
- Capacity: 5,000 metric tons per year
- Products: carbon fiber materials
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Toray Industries](https://endata.com/companies/4565.md)

## Sources

- [asia.nikkei.com](https://asia.nikkei.com/business/materials/japan-s-toray-to-spend-780m-to-lift-carbon-fiber-output), 2023-01-13: "Japanese chemicals giant Toray Industries will pour 100 billion yen ($780 million) into increasing production capacity for carbon fiber materials used in airplanes and hydrogen fuel tanks by 2025."
- [cen.acs.org](https://cen.acs.org/business/Business-Roundup/101/i6), 2023-02-10: "Toray Industries is expanding capacity for polyphenylene sulfide (PPS) resins by 5,000 metric tons per year at its plant in Gunsan, South Korea, by the end of 2024."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.