Toray to Supply CF Prepreg to Boeing for Aircraft Production
Toray Industries, Inc. announced it has signed a comprehensive long-term agreement with The Boeing Company to supply carbon fiber TORAYCA® prepreg for the production of the new Boeing 777X aircraft, extending the existing supply agreement for the Boeing 787 Dreamliner. The new agreement extends the comprehensive agreement that was signed in November 2005 by more than 10 years from this year. The total value of prepreg Toray Group will supply for both 787 and 777X programs for the contract period is expected to exceed 1.3 trillion yen ($11 billion). Together with the extension, Toray has made a decision to invest approximately 50 billion yen in new construction of an integrated production line for yarn (precursor), high-performance carbon fiber TORAYCA® with an annual production capacity of 2,000 tons, and TORAYCA® prepreg in the new commercial premises it acquired in Spartanburg County, South Carolina. It represents the first phase of a planned 100 billion yen investment, as Toray se