Toray, a leading Japanese integrated chemical industry group, recently announced its decision to start high-barrier film business in Europe through the establishment of a new company, Toray Films Europe SAS, and the construction of new facilities for the production of biaxially oriented metalized polypropylene barrier films. This decision, made in response to the expanding European market for high-barrier films (annual growth exceeding 10%), is also aimed at establishing a core production base in Europe targeting the high value added product category. Toray plans to invest approximately 10 billion yen (around 70 million euros) in this project and operations are expected to start from April 2010. Soulier has been retained as French counsel to assist Toray at all stages of this industrial project.
Click here to consult the official press release on Toray’s website.