Toray Plastics (America), Inc.

What Toray Plastics (America), Inc. does

Toray Plastics (America), Inc. is the US subsidiary of Japanese conglomerate Toray Industries Inc. (Tokyo Stock Exchange: 3402), operating manufacturing facilities in North Kingstown, Rhode Island and Front Royal, Virginia with 501-1,000 employees. The company is organized into three divisions: Torayfan (BOPP films, ~110M lbs annual capacity), Lumirror (PET films, ~80M lbs annual capacity across three production lines), and the PEF Division (electron-beam cross-linked polyolefin foams including TorayPEF, ToraSoft, ToraPRO, and XLPE). Toray invented electron-beam cross-linked foam technology and holds proprietary processes including Ultra High Surface Energy surface treatment and in-house metallization and specialty coatings, supplying converters, manufacturers, and Tier I/II suppliers across food packaging, labels, solar control window films, technical/industrial films, housing and engineering, and automotive interior applications.

The business model is B2B direct sales of engineered materials under multi-year contracts, with custom quote-based pricing determined by specification, volume, and customer requirements rather than published pricing. Customers include global CPGs and converters (food packaging), label converters, automotive OEMs (18+ specify TorayPEF; 160+ automotive brands use ToraSoft), flooring manufacturers, window film manufacturers, and industrial converters; sales are managed through dedicated account managers for Torayfan and Lumirror divisions. Revenue is captured through hardware sales of films and foams, supplemented by recycled-content (PCR) PET film offerings and a collecting-point/mechanical recycling operation at the Rhode Island site under expanded ISCC PLUS certification.

Recent strategic activity has emphasized sustainability positioning and commercial leadership renewal: 100% renewable electricity via the Bristol Landfill Solar Project (since the 2004 sustainability initiative), ISCC PLUS expansion to include PCR collection and mechanical recycling (October 2025), ISO 9001/14001, BRC, Sedex, IMS FDA Milk, and Rhode Island Green Manufacturing certifications, plus 2025/2026 leadership changes including the appointment of Franco Chicarella as Senior Director of Sales, Marketing and R&D across both film divisions and managed succession in the Torayfan sales team. Toray Plastics (America) is privately held as a wholly-owned subsidiary; standalone revenue is not disclosed separately from the Toray Group's $16.8-18.4B annual consolidated sales.

Name

Toray Plastics (America), Inc.

Legal name

Toray Plastics (America), Inc.

Website

https://toraytpa.com

Company type

Private

Founded year

1926

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Toray Plastics (America), Inc. is the US subsidiary of Toray Industries that manufactures high-performance BOPP and PET films and electron-beam cross-linked polyolefin foams, selling directly to converters, automotive OEMs, CPGs, flooring manufacturers, and industrial customers across North America.

Ownership category

akta.pro rank

Product category

High-Performance Plastic Films and Polyolefin Foams

NAICS

Plastics Packaging Film and Sheet (including Laminated) Manufacturing (326112), Urethane and Other Foam Product (except Polystyrene) Manufacturing (32615)

SIC

Unsupported Plastics Film & Sheet (3081), Plastics Foam Products (3086)

akta.pro primary industry

Polyolefin Films (PE/PP: Cast, Blown, BOPP) (IMALABAA)

akta.pro secondary industries

Polyester & Nylon Films (PET/BOPET, PA/BOPA) (IMALABAB), Polypropylene (PP) Foam Manufacturing (IMANAIAF), Plastic Films & Laminated Packaging Structures Manufacturing (IMANAEAD)

Keywords

• BOPP films manufacturing
• PET polyester films
• Polyolefin foam products
• Packaging film materials
• Automotive foam components

Headquarters

HQ city

North Kingstown

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Film Products: Toray manufactures and sells BOPP (Torayfan) and PET (Lumirror) films for packaging, labels, technical, and solar control applications. Products include clear, metallized, matte, and specialty coated films sold to converters and manufacturers.
2. Foam Products: Toray's PEF Division produces polyolefin, polypropylene, and polyethylene foams (XLPE, ToraSoft, TorayPEF, ToraPRO) for automotive, flooring, industrial, and medical applications, sold directly to manufacturers and Tier I/II suppliers.
3. Recycled Content Materials: Toray offers post-consumer recycled (PCR) content PET films and acts as a collecting point for PCR materials, supporting customer sustainability initiatives through circular economy practices.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

Toray Plastics (America), Inc. manufactures high-performance biaxially oriented polypropylene (BOPP) films under the Torayfan® brand, polyester (PET) films under the Lumirror® brand, and electron-beam cross-linked polyolefin foams (TorayPEF®, ToraSoft®, ToraPRO™, XLPE) at its North Kingstown, RI and Front Royal, VA facilities. Products are sold to converters, manufacturers, Tier I/II automotive suppliers, and consumer packaged goods companies for packaging, labels, automotive interior, flooring, solar control window, and industrial applications.

Product overview

Toray Plastics (America), Inc. is a manufacturer of high-performance films and foams organized into three main divisions: Torayfan® (BOPP films), Lumirror® (PET films), and PEF Division (polyolefin foams). The Torayfan® Division produces 110 million pounds of biaxially oriented polypropylene film annually for food packaging, labels, and industrial applications, including metallized, clear-barrier, high-barrier, ultra-high-barrier, and specialty films. The Lumirror® Division manufactures polyester film with three production lines producing over 80 million pounds annually, featuring specialty coatings applied in-house for applications including solar control window films, thermal transfer ribbon, and flexible packaging. The PEF Division produces electron-beam cross-linked polyolefin foams including TorayPEF®, ToraSoft®, ToraPRO™, and XLPE Foam for automotive, flooring, industrial, and medical applications. Metallized OPP and PET films and bio-based PET films are also available. The company operates state-of-the-art equipment at locations in North Kingstown, Rhode Island and Front Royal, Virginia.

Differentiator

Problem solved

Functional benefit

Brands

• Torayfan®: Biaxially Oriented Polypropylene (BOPP) film division producing 110 million pounds annually for food packaging, labels, and industrial applications.
• Lumirror®
• TorayPEF®
• ToraSoft®
• ToraPRO™
• XLPE Foam
• Lumicoat™

Products and services

• Torayfan® OPP Films Biaxially oriented polypropylene (BOPP) films for food packaging, labels, and industrial applications, recognized for superior mechanical properties, exceptional oxygen and moisture barrier durability, and sealing characteristics. Torayfan® Division produces 110 million pounds annually.
• Lumirror® PET Films Polyester (PET) film products manufactured to highest quality standards with excellent thermal stability and superior mechanical properties including high strength, dimensional stability, optical clarity, and precision surface characteristics. Three production lines produce over 80 million pounds annually with in-house specialty coatings for barrier, adhesion promotion, UV protection, antistatic, and ink receptivity.
• Lumicoat™ Extrusion Coated Films Proprietary extrusion-coated film products combining film and high-performance sealant technologies under the Lumicoat™ brand for customized lidding and industrial applications.
• XLPE Foam Electron-beam cross-linked polyethylene foam with consistent density, thickness, and uniformity for gasket, tape, and composite manufacturers. The cross-linking technology was invented by Toray.
• ToraSoft® Foam Blended polypropylene-polyethylene sheet foam offering exceptional softness, haptics, moldability, and thermal stability for automotive interior applications. More than 160 automotive brands worldwide are built with ToraSoft® foam.
• TorayPEF® Foam Original electron-beam cross-linked polyolefin foam developed by Toray Industries in 1968, with 100 percent closed-cell structure for excellent thermoforming, cushioning, shock-absorption, and heat insulation. Specified by more than 18 automotive OEMs worldwide.
• ToraPRO™ Foam Second-generation electron-beam cross-linked polyolefin foam for flooring applications with superior compressive strength, sound dampening, and moisture-barrier properties. Used for direct-attachment to resilient flooring such as luxury vinyl tile, wood laminate, and engineered hardwood.
• LumiLid® Extrusion Coated Lidding Films (XL5, XXL5, TXL5) Polyester lidding film products including peelable seals to CPET, APET, and many other substrates, dual ovenable up to 400°F for 30 minutes, under the LumiLid® brand.
• Post-Consumer Recycled (PCR) Content PET Films

Quantifiable outcome

• 60% weight reduction achieved when OEMs substitute Toraypef foam for conventional injected-molded plastics in duct and liner applications
• +2 more outcomes

Named customers5 records

Segments6 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• ISCC (International Sustainability and Carbon Certification)coreStrategic or Co-development PartnerToray has expanded ISCC PLUS certification scope for their North Kingstown, RI location to include collecting point and mechanical recycling plant operations. This partnership supports Toray's circular economy initiatives and enables supply of PCR-content PET to film and resin customers.
• Black Ships Festival (Rhode Island)minorOthersToray has been sponsoring the Black Ships Festival held annually in Rhode Island for many years, supporting local US-Japan interactions and community relations. The festival commemorates the Japan-US Treaty of Peace and Amity signed in 1854.
• Sustainable Packaging CoalitioncoreStrategic or Co-development PartnerToray is a member of the Sustainable Packaging Coalition, aiming to help industry alignment that will enable investments in next-generation hardware for film production, recycling, and the use of post-consumer scrap.
• AIMCAL (Association of International Metallizers, Coaters and Laminators)minorOthersTrade association membership for the roll-to-roll converting industry.
• IWFA (International Window Film Association)minorOthersTrade association membership for the window film industry.
• RIMA (Roofing Ice Maker Association)minorOthersTrade association membership for the roofing industry.
• TLMI (Tag and Label Manufacturers Institute)minorOthersTrade association membership for tag and label manufacturers.
• Bristol Landfill Solar ProjectcoreOthersToray purchases 100% of the energy generated by the Bristol Landfill Solar Project as part of their sustainability initiative launched in 2004, supporting renewable energy consumption.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Taghleef Industries: One of the world's largest BOPP film producers, supplying packaging and label films globally. Directly comparable to Toray's Torayfan BOPP division across flexible packaging and label end-markets.
• Cosmo Films: Major Indian BOPP film manufacturer serving packaging, labels, and industrial markets globally. Direct competitor to Torayfan in the BOPP packaging and label film categories.
• Uflex Limited: Indian multinational producer of flexible packaging films, BOPP, PET, and specialty substrates. Direct competitor in BOPP and PET flexible packaging film categories.
• DuPont Teijin Films: Joint venture of DuPont and Teijin, producing PET and PEN films for industrial, packaging, and specialty applications. Closely mirrors Toray's Lumirror product portfolio and customer segments.
• Sekisui Chemical: Japanese manufacturer of polyolefin foams (including cross-linked PE foam) for automotive, construction, and industrial applications. Comparable to Toray's PEF Division, particularly TorayPEF and ToraSoft foams for automotive interiors.
• Armacell: Global manufacturer of flexible foam insulation and engineered foams for industrial and building applications. Adjacent competitor in specialty polyolefin foam markets.
• Zotefoams plc: UK-based specialist in closed-cell cross-linked polyolefin foams using proprietary autoclave processes. Directly comparable to Toray's electron-beam cross-linked TorayPEF and ToraPRO foams in performance foam applications.
• Mitsubishi Polyester Film: Global PET (polyester) film manufacturer serving packaging, industrial, and solar-control applications. Directly comparable to Toray's Lumirror PET film division across overlapping technology and customer base.
• Jindal Poly Films: India-based global producer of BOPP and PET films for packaging and labels. Competes with Toray across flexible packaging converters and label segments with comparable product portfolios.
• Kolon Industries: Korean manufacturer of PET films and specialty films for industrial and packaging applications. Overlaps with Lumirror in PET film technology and end-markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/toray-plastics-america

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Toray Plastics (America), Inc.