Toray Carbon Fibers Europe has decided to invest about €100 million to build a new production line at its plant in South-West France. This investment will enable the company to meet growing demand for high-performance carbon fiber in France and other European countries.

The new line will be able to produce a range of carbon fibers offering high mechanical performance. These premium products are suitable for the requirements of high-tech industries such as renewable energy, nuclear power and aerospace.

The carbon fiber products are suitable for applications such as renewable energy, nuclear power and aerospace.

Construction work will commence in the second half of 2023, with production expected to start at the end of 2025. Providing up to 1,000 tons of additional capacity, this investment will also generate about 50 new jobs at the plant.

"This investment demonstrates our shareholders’ recognition of the excellence of our products and their confidence in us as a company. It will also allow us to reinforce and secure our know-how in France," remarked Jean-Marc Guilhempey, Chief Executive Officer of Toray Carbon Fibers Europe.

Since the COVID-19 pandemic, Toray Carbon Fibers Europe has adapted its business model from a strong focus on aerospace markets to industrial sectors linked to green energy production and the development of new mobility solutions.

In view of the sustained demand from these emerging sectors, and the gradual recovery of the aerospace industry, the company considers it vital to prepare for the future by investing today.