Daimler Toray Joint-Venture

Date:
24 January 2011
Description:
Daimler AG and the Japanese company Toray Industries, Inc., the world's largest manufacturer of carbon fibres, signed a joint venture agreement for the foundation of a company for the manufacture and marketing of car components made from carbon-fibre reinforced plastics (CFRP).
The headquarters of the new company known as Euro Advanced Carbon Fiber Composites was to be in Esslingen.

Pictures1

Daimler and Toray to Establish Joint Venture for Manufacturing and Marketing of carbon-fiber based automobile parts: Targeted mass production of high-tech lightweight components significantly improves fuel economy and reduces CO2 emissions of cars. New production and joining process enables large-scale production.
From left to right: Rainer Christian Genes, Vice President, Production Planning Mercedes-Benz Cars, Prof. Dr.-Ing. Bharat Balasubramanian, Vice President Product Innovations & Process Technologies in Group Research & Advanced Engineering Daimler AG and Shinichi Koizumi Executive Vice President Representative Director Toray.