Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Tokyo  >  Toray Industries, Inc.    3402   JP3621000003

TORAY INDUSTRIES, INC.

(3402)
  Report  
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

Toray Industries : to Establish New Water Treatment Membrane Company in China

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/18/2019 | 05:53pm EDT

Toray Industries, Inc. has announced that it has decided to establish a new company in Foshan, China,that will engage in production and sales of water treatment membrane products including reverse osmosis (RO), nanofiltration (NF), ultrafiltration (UF), microfiltration (MF) and membrane bioreactor (MBR) solutions.

The new company will be named Toray Membrane (Foshan) Co., Ltd. (TMFC), and Toray is moving forward with land acquisition,construction and other activities to prepare for its establishment.

Foshan is also the site where construction of the premises of Toray Polytech (Foshan) Co., Ltd. (TPF) is already underway. This company that will engage in production and sales for the high-performance polypropylene spunbond (“PP spunbond) business. TMFC will be located adjacent to the TPF premises, ensuring an efficient operating structure by sharing management and systems infrastructure.

Demand for water treatment membranes has been rapidly expanding in China in recent years. To date, in addition to promoting the use of household water purifiers, Toray has contributed to improving the water environment and solving water scarcity issues in China by providing various kinds of water treatment membranes for waterworks and industrial use, desalination plants, and wastewater treatment and recycling.

Guangdong Province is moving to strengthen industry-academia partnerships and is systematically promoting research and development in advanced technologies.

Foshan City is located in the center of the Guangdong Province Pearl River Delta economic zone and has a long track record of attracting Japanese companies of all sizes to engage in business partnerships in the region.

Toray already has water treatment membrane production and sales companies in operation in Beijing and Yancheng. The establishment of a new base in Foshan will enable Toray to respond nimbly to the rapidly expanding water treatment membrane market in China, where environmental improvement efforts are being energetically promoted.

(c) 2019 ITP Business Publishing Ltd. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on TORAY INDUSTRIES, INC.
09/27TORAY INDUSTRIES INC : Ex-dividend day for interim dividend
FA
09/21TENNIS : Osaka cruises into 3rd Toray Pan Pacific final
AQ
08/09TORAY INDUSTRIES : Consolidated Results for the Three Months Ended June 30, 2019
PU
08/09TORAY INDUSTRIES INC : 1st quarter results
CO
07/08Global Knit Fabric Market Report 2019 Analysis And 2025 Forecast
AQ
06/25TORAY INDUSTRIES INC : Proxy Statments
CO
06/14TORAY INDUSTRIES : to Highlight Next-Generation Composite Technologies at Paris ..
AQ
06/13TORAY INDUSTRIES : TorayDevelops Low-Dielectric-Loss Polyimide Material for Elec..
AQ
05/18TORAY INDUSTRIES : to Establish New Water Treatment Membrane Company in China
AQ
05/14TORAY INDUSTRIES INC : Annual results
CO
More news
Financials (JPY)
Sales 2020 2 390 B
EBIT 2020 152 B
Net income 2020 89 377 M
Debt 2020 793 B
Yield 2020 1,93%
P/E ratio 2020 15,1x
P/E ratio 2021 13,5x
EV / Sales2020 0,90x
EV / Sales2021 0,85x
Capitalization 1 349 B
Technical analysis trends TORAY INDUSTRIES, INC.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 880,00  JPY
Last Close Price 843,30  JPY
Spread / Highest target 23,3%
Spread / Average Target 4,35%
Spread / Lowest Target -28,9%
EPS Revisions
Managers
NameTitle
Akihiro Nikkaku President, CEO, COO & Representative Director
Yuji Fukuda Director, Manager-Finance & Accounting
Tetsuya Tsunekawa Managing Director & GM-Research
Koichi Abe Representative Director & Vice President
Ryo Murayama Representative Director & Vice President
Sector and Competitors
1st jan.Capitalization (M$)
TORAY INDUSTRIES, INC.10.63%12 433
HONEYWELL INTERNATIONAL INC.26.79%118 305
3M COMPANY-14.40%93 828
SIEMENS AG2.45%87 791
GENERAL ELECTRIC COMPANY18.36%78 195
ILLINOIS TOOL WORKS INC.24.96%51 210