Toray Industries have announced that it has agreed to purchase the entire stake in Dome Carbon Magic Ltd. Toray plan to make the company a wholly owned subsidiary in order to expand its carbon fibre composite materials business in the automobile and other applications. Toray will rename the company to Toray Carbon Magic Co., Ltd.
At the same time, the company will also acquire a 75% stake in Dome Composites (Thailand) Co., Ltd. and make it a subsidiary, which Toray plans to rename as Carbon Magic (Thailand) Co., Ltd.
Dome Carbon Magic was established in 1995 as a manufacturing company of DOME CO., LTD. to produce carbon fiber reinforced plastic (CFRP) parts for racing cars. DCM’s expertise in design engineering, prototype proposal and high precision technology, acquired through its experience in design and manufacturing of racing car parts, is highly respected in the market. The company has been producing a number of CFRP parts in a wide range of fields not limited to automobile applications.
Thai production base DCT was established in 2005 as a joint venture with Saha Group, a major local consumer goods conglomerate, for mass production of CFRP parts. Since then, DCT has been mass-producing products using autoclave technology and steadily expanding its business.
Toray is currently developing products as well as design and manufacturing technology of carbon fibre composite materials located in its Nagoya Plant. In Europe, the company in 2008 took a stake in ACE Advanced Composite Engineering, which develops and manufactures CFRP parts based on resin transfer molding (RTM) technology, while establishing in 2011 Euro Advanced Carbon Fiber Composites in a joint venture with Daimler AG for manufacturing and distributing CFRP parts in a bid to strengthen and enhance the supply chain of carbon fibre composite materials for automobile applications.
The acquisition of DCM enhances Toray’s CFRP parts design technology, by securing a manufacturing foothold for carbon fibre composite materials in Thailand, which is the center of ASEAN auto industry and a nation whose government is planning to attract aircraft-related industries, Toray will not only have a competitive global supply chain to offer to its customers but also take on the economic growth of the region.