TAMX opening new plant in Mexico
February 02, 2018 - Mexico
Toray Advanced Textile Mexico (TAMX), Toray Industries’ automobile airbag nylon fibre and fabric manufacturing and distribution subsidiary, is opening its new plant in Mexico. The new plant is the Toray Group’s first integrated production facility spanning automobile airbag yarn to fabric, and will be the production base primarily for Americas.
The new plant completes the group’s global integrated production system from yarn to fabric covering all regions of the world including Asia, Europe and Americas, giving the group three airbag fibre manufacturing bases and six airbag fabric manufacturing bases.
Mexico has been rapidly growing as an automobile production base by leveraging the wide-ranging free trade network and geographical proximity to the United States. The Toray Group made a full-scale entry into Mexico with its purchase of Zoltek in 2014 and has been actively developing its carbon fibre and resin businesses as the base primarily for Americas.
Toray established the TAMX plant to respond to demand expansion in Americas, which is one of the world’s major airbag markets. TAMX further strengthens Toray’s global production system that supplies airbag fabric of the same quality from all bases in a timely manner. It will also accelerate Toray’s business expansion leveraging its development capability nurtured by engaging in the entire process from yarn to fabric, and the Group aims to acquire the largest share in the global airbag fabric market in 2020.
As part of the basic strategy promoted under the medium-term management programme Project AP-G 2019, Toray pursues the expansion and advancement of global business and aims to expand its business globally by capturing profit opportunities in growth countries and regions. Toray positions the automobile airbag business as one of these priority businesses and will pursue further business expansion in it. (SV)
The new plant completes the group’s global integrated production system from yarn to fabric covering all regions of the world including Asia, Europe and Americas, giving the group three airbag fibre manufacturing bases and six airbag fabric manufacturing bases.
Mexico has been rapidly growing as an automobile production base by leveraging the wide-ranging free trade network and geographical proximity to the United States. The Toray Group made a full-scale entry into Mexico with its purchase of Zoltek in 2014 and has been actively developing its carbon fibre and resin businesses as the base primarily for Americas.
Toray established the TAMX plant to respond to demand expansion in Americas, which is one of the world’s major airbag markets. TAMX further strengthens Toray’s global production system that supplies airbag fabric of the same quality from all bases in a timely manner. It will also accelerate Toray’s business expansion leveraging its development capability nurtured by engaging in the entire process from yarn to fabric, and the Group aims to acquire the largest share in the global airbag fabric market in 2020.
As part of the basic strategy promoted under the medium-term management programme Project AP-G 2019, Toray pursues the expansion and advancement of global business and aims to expand its business globally by capturing profit opportunities in growth countries and regions. Toray positions the automobile airbag business as one of these priority businesses and will pursue further business expansion in it. (SV)