CLOs on the Move

On April 1st, 2017 Toray Composites (America), Inc. and Toray Carbon Fibers America, Inc. will merge to create a new business called Toray Composite Materials America, Inc. Toray Composites (America), Inc. and Toray Carbon Fibers America, Inc. have worked successfully together for 20 years and share the same philosophy and culture. Both companies are accomplished with an enviable track record of providing industry leading solutions for our clients. We believe our successes are a result of our industry leading practices and the knowledge, passion, and total commitment to quality from all our employees. CMA`s Tacoma plant was first established in 1992 as ...

On April 1st, 2017 Toray Composites (America), Inc. and Toray Carbon Fibers America, Inc. will merge to create a new business called Toray Composite Materials America, Inc. Toray Composites (America), Inc. and Toray Carbon Fibers America, Inc. have worked successfully together for 20 years and share the same philosophy and culture. Both companies are accomplished with an enviable track record of providing industry leading solutions for our clients. We believe our successes are a result of our industry leading practices and the knowledge, passion, and total commitment to quality from all our employees. CMA`s Tacoma plant was first established in 1992 as TCA – incorporated in Pierce County and located adjacent to Boeing`s Composite Manufacturing Center [CMC] – to enable an efficient supply stream of Toray`s carbon fiber composite materials. First used on the Boeing 777, Toray`s Advanced Carbon Fiber composite materials are now incorporated into the 777 and 787 primary structures and will be used on the new 777X wing. CMA`s Tacoma plant supplies a diverse customer base both domestically and internationally and is a major exporter from Washington State. CMA`s Decatur plant was first established in 1997 as CFA – incorporated in Morgan County. The Decatur area has been known for its history in the chemical industry and offers attractive conditions for carbon fiber production. CMA Decatur operates production lines from precursor to carbon fiber and has a diverse base of customers in aerospace, defense, industrial, and automotive. They manufacture Standard Modulus [SM], Intermediate Modulus [IM] and Intermediate Modulus (+) [IM+] fibers for a global customer base. CMA`s Spartanburg plant will be an integrated facility producing precursor, carbon fiber and prepreg in a single manufacturing facility. This plant is a cornerstone of Toray`s growth in North America and provides critical supply chain redundancy and diversification. The merger allows us to build on our success by utilizing our collective knowledge and expertise, and we will become more nimble and responsive to our customers` needs by centrally managing our combined production facilities. We will be in a position to jointly invest in innovative and personalized end to end solutions through the consolidation of our North American materials businesses. This consolidation will also align Toray capability across product lines to increase customer value, shorten time to market, and strengthen critical relationships. CMA will pursue growth opportunities in fields where it can demonstrate its strength and aims to achieve further business expansion by realizing synergistic effects from the merger.

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