𝐓𝐨𝐫𝐚𝐲 𝐢𝐬 𝐫𝐚𝐢𝐬𝐢𝐧𝐠 𝐢𝐭𝐬 𝐩𝐫𝐢𝐜𝐞𝐬 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐚 𝐬𝐮𝐫𝐠𝐞 𝐢𝐧 𝐫𝐚𝐰 𝐦𝐚𝐭𝐞𝐫𝐢𝐚𝐥 𝐜𝐨𝐬𝐭𝐬

Following in the footsteps of AOC earlier this month, #TorayIndustries has announced the introduction of ‘surcharge pricing’ on certain products as an ’emergency measure’ to address the sharp rise in the prices of crude oil, naphtha and other raw materials resulting from escalating tensions in the Middle East, citing in particular the conflict involving Iran and the blockade of the Strait of Hormuz.

The Japanese manufacturer states that these additional costs will mainly apply to products directly affected by fluctuations in the prices of petrochemical raw materials, such as crude oil and naphtha, namely performance chemicals, #carbonfibre composites as well as fibres and textiles.

Toray states that the details will be discussed individually with each customer, and explains that additional costs have already been applied to certain products and will be applied to others in the future. The group states that it will regularly review these cost increases, taking into account market conditions and changes in raw material prices. Toray emphasises that “this pricing mechanism is not a permanent price revision, but a temporary emergency measure designed to respond swiftly to rapid changes in the external environment.

Global economic uncertainty caused by a range of factors

“The global economy is facing new risk factors stemming from the deteriorating situation in the Middle East, which began with U.S.-Israeli strikes on Iran on February 28 this year. These risk factors include soaring costs for raw materials, fuel and logistics due to the Strait of Hormuz blockade, as well as disruptions to raw material sourcing,” explains #Toray in a press release, also citing other critical factors such as the ‘continued stagnation in the Chinese economy’ and the ‘highly unpredictable U.S. tariff policy’’, concluding that the global economic outlook is ‘increasingly uncertain’.

According to Toray, the Japanese media are describing the current situation as the ‘third great oil crisis’. The manufacturer has announced that it will strive to accelerate the implementation of measures aimed at addressing the issue of rising raw material costs, such as restructuring the supply chain, developing new markets and investing in technology. Furthermore, the group is reassuring its customers regarding the risk of potential shortages arising from this situation.

The company also outlines the medium- and long-term measures it intends to take to avoid being unduly affected by such situations, such as diversifying supply sources, improving production efficiency and reducing environmental impact.

Cover photo: Toray at JEC World 2026

source : Jec Composites /Toray