What Toray Group (Malaysia) does

Toray Group (Malaysia) is the Malaysian operating arm of Toray Industries, Inc. (TSE: 3402), a Japan-headquartered advanced materials manufacturer founded in 1926. Under the supervisory entity Toray Industries (Malaysia) Sdn. Berhad, the group operates 8 manufacturing plants in Penang's Prai Free Industrial Zone and 1 joint venture with BASF in Kuantan, Pahang, with a Malaysian presence dating to the early 1970s. Business activity is organized around four global technology platforms: polymer chemistry, organic synthetic chemistry, biotechnology and nanotechnology.

The portfolio is diversified across four core segments: Fibers and Textiles (polyester staple fiber, woven fabrics via Penfibre and Penfabric in both virgin and recycled cotton/polyester blends); Performance Chemicals, comprising engineering plastics (ABS, PBT, PPS, nylon resins from Toray Plastics Malaysia and the Toray BASF PBT Resin JV) and films (Lumirror PET film, TORAYFAN polypropylene film, Torelina PPS film, SETELA battery separator film); Carbon Fiber Composite Materials centered on the global TORAYCA brand; and supporting IT services via Toray Malaysia Systems Solution. End customers span automotive (engineering plastics for car parts, ~50% of group automotive output), telecommunications and electronics (films and separator membranes), aerospace (carbon fiber prepreg for Boeing aircraft), and apparel/industrial textiles (including a long-running materials partnership with UNIQLO for HEATTECH functional clothing).

Revenue mechanics are entirely B2B and quote-based through direct manufacturing and sales at the subsidiary level, with the parent reporting ¥2,563.3 billion in consolidated global revenue and ¥142.8 billion in core operating income as of end March 2025. Malaysia-specific revenue is not separately disclosed. Pricing is not publicly listed and is consistent with industrial B2B contracting. Distribution runs through direct enterprise sales by each operating subsidiary, supported regionally through Toray International's export network.

Name

Toray Group (Malaysia)

Legal name

Toray Industries, Inc.

Website

https://toray.com.my

Company type

Public

Founded year

1926

Operating status

Operating

Headcount range

51–100 employees

Short description

Toray Group (Malaysia) is the Malaysian subsidiary cluster of Japan's Toray Industries, operating 8 manufacturing plants in Penang and a BASF joint venture in Kuantan producing synthetic fibers, engineered plastics, films and IT solutions for automotive, telecom, aerospace and apparel customers.

Ownership category

akta.pro rank

Product category

Advanced Materials Manufacturing

NAICS

Artificial and Synthetic Fibers and Filaments Manufacturing (325220), Resin and Synthetic Rubber Manufacturing (32521), All Other Textile Product Mills (31499)

SIC

Broadwoven Fabric Mills, Man Made Fiber & Silk (2221), Textile Mill Products (2200), Plastics Products, Nec (3089), Industrial Organic Chemicals (2860)

akta.pro primary industry

Polyesters & PET Chain (PTA, MEG, PET) (IMAEADAG)

Keywords

• Synthetic fiber manufacturing
• Engineering plastics
• Polyester films
• Carbon fiber composites
• Advanced materials

Headquarters

HQ city

Prai, Penang

HQ country

Malaysia

HQ region

Asia

Offices9 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Fibers and Textiles Manufacturing: Manufacturing and sales of polyester staple fiber, woven fabrics, synthetic fibers including nylon, polyester, and acrylic. Includes manufacturing of woven fabrics from cotton, polyester blends, organic cotton, recycled materials, and various finishes.
2. Performance Chemicals: Manufacturing and marketing of ABS resin, PBT resin, PET films (Lumirror trademark), and metalized films for industrial applications
3. IT Solutions Services: Provision of full suite of information technology solutions to support Toray Group business operations including planning, development, installation and operation of information systems, IT consulting and IT research & development

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Toray Group (Malaysia) manufactures and sells advanced materials through its Malaysian subsidiaries. Core products include polyester staple fibre and PET films (Lumirror trademark) and metalized films via Penfibre, woven fabrics (cotton, polyester, blends, recycled materials) via Penfabric, ABS Resin and PBT Resin via Toray Plastics Malaysia, PBT neat resins via the BASF joint venture, and internal IT solutions via Toray Malaysia Systems Solution. The group serves industrial customers in automotive, telecommunications, electronics, aerospace, and apparel sectors across 8 manufacturing plants in Penang and 1 joint venture in Kuantan.

Product overview

Toray Group (Malaysia) operates as a diversified materials manufacturer representing one of Toray Industries' major investments outside Japan. The Malaysia operations consist of Toray Industries (Malaysia) overseeing 8 manufacturing plants in Penang's strategic industrial parks and 1 joint-venture in Kuantan, Pahang. The product portfolio spans multiple segments: Fibers & Textiles (nylon, polyester, acrylic fabrics via Penfabric and Penfibre); Performance Chemicals (ABS and PBT resins via Toray Plastics Malaysia and Toray BASF PBT Resin joint venture; Lumirror polyester films); Carbon Fiber Composite Materials (TORAYCA carbon fibers for aerospace and automotive); Water Treatment (ROMEMBRA reverse osmosis membranes, TORAYVINO home purifiers); and IT Solutions (Toray Malaysia Systems Solution). Core technology brands include NANOALLOY for polymer technology and NANODESIGN for membrane design. The global Toray portfolio includes renowned brands such as LUMIRROR films, TORAYCA carbon fibers, ECSAINE ultra-microfiber materials, Ultrasuede, hitoe functional fabrics, and HEATTECH (with UNIQLO).

Differentiator

Problem solved

Functional benefit

Brands

• Lumirror: Polyethylene Terephthalate (PET) Films trademark marketed by Penfibre
• Toray Industries (Malaysia)

Products and services

• Polyester Staple Fibre Polyester staple fibre manufactured by Penfibre Sdn. Berhad at the Fibre Division in Prai Free Industrial Zone, serving apparel and industrial textile customers.
• PET Films (Lumirror) Polyethylene Terephthalate (PET) films marketed under the Lumirror registered trademark, manufactured by Penfibre Film Division for telecommunications, electronics, packaging, and industrial applications.
• Metalized Films Metalized films manufactured by Penfibre for industrial and packaging applications.
• Woven Fabrics Woven fabrics manufactured by Penfabric Sdn. Berhad including pure cotton, polyester, and blends (polyester/cotton, recycled polyester/cotton, cotton/nylon, Cordura), with various finishes (white, piece-dyed, yarn-dyed, printed) for apparel and industrial customers.
• ABS Resin Acrylonitrile Butadiene Styrene (ABS) resin manufactured and marketed by Toray Plastics (Malaysia) Sdn. Berhad across three facilities (TPM-1, TPM-2, TPM-3) for industrial and consumer applications.
• PBT Resin Polybutyleneterephthalate (PBT) engineering resin marketed by Toray Plastics (Malaysia) and produced as neat resins by the Toray BASF PBT Resin joint venture in Kuantan, Pahang, for automotive parts and industrial applications.
• IT Solutions Services Full suite of information technology solutions provided by Toray Malaysia Systems Solution Sdn. Bhd. for Toray Group business operations, including systems planning, development, installation and operation, IT consulting, and IT research and development.

Quantifiable outcome

• World-leading position in RO membrane technology for water treatment
• +2 more outcomes

Named customers5 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered minor and core.

• Daimler AGminorStrategic or Co-development Partner · 1 January 2010Agreement to jointly develop carbon fiber-reinforced plastics (CFRP) for automotive parts, targeting lightweighting applications for Mercedes-Benz vehicles.
• UNIQLO Co., Ltd.coreStrategic or Co-development Partner · 1 January 2006Strategic partnership started in 2006 for development and supply of functional materials including HEATTECH thermal clothing. Partnership has progressed through multiple five-year plan phases (2006, 2011, 2016) demonstrating long-term strategic collaboration between Toray materials innovation and UNIQLO retail distribution.
• The Boeing CompanycoreStrategic or Co-development Partner · 1 January 1990Long-term supply agreement for carbon fiber composite materials for Boeing aircraft. TORAYCA prepreg certified as primary structural material for Boeing 777 (1990) and extensively used in Boeing 787 Dreamliner primary structural elements. Comprehensive long-term agreement extended for Boeing 777X.
• Toray Malaysia Systems Solution - Internal Group IT ServicescoreStrategic or Co-development PartnerInternal IT services subsidiary providing full suite of information technology solutions including planning, development, installation and operation of information systems to support all Toray Group Malaysia operations.

Scale indicators9 records

Recent moves18 records

Expansion highlights6 records

Direct peers

• Kolon Industries: Korean manufacturer of industrial materials including polyester films, aramid fibers, and engineering plastics. Direct peer in films and technical textiles with comparable end-market exposure in electronics, automotive, and apparel.
• Toyobo Co., Ltd. Japanese synthetic fiber and film manufacturer with comparable product portfolio spanning polyester fibers, technical textiles, and functional films. Similar heritage as a Japanese advanced materials specialist serving automotive, electronics, and apparel customers.
• Indorama Ventures: Global leader in PET and polyester value chain with major manufacturing presence in Asia. Direct peer in polyester staple fiber (competing with Penfibre) and PET resin, with similar B2B customer profiles in packaging and textile end markets.
• Hyosung TNC: Korean specialty fiber and chemicals manufacturer with strong positions in spandex, polyester, and carbon fiber. Comparable as an Asian advanced materials peer competing in similar B2B industrial and textile channels.
• Teijin Limited: Japanese-headquartered direct competitor across aramid fibers, carbon fiber composites, films, and pharmaceutical/medical materials. Closely comparable product portfolio and similar global manufacturing footprint, particularly in advanced fibers and engineering plastics.

Broad incumbents

• Mitsubishi Chemical Group: Larger Japanese chemical conglomerate with overlapping businesses in synthetic fibers, engineering plastics, films, and carbon fiber composites. Comparable in advanced materials breadth but operates at significantly larger scale with broader chemical exposure.

Regional players

• Formosa Plastics Corporation: Taiwan-based petrochemical conglomerate with major production in PVC, polyethylene, polypropylene, and related resins. Comparable as an Asian commodity resin and fiber producer serving similar industrial customers, though operating primarily in a different geographic footprint.

Others

• DuPont de Nemours: Specialty materials company with historical Toray relationship (DuPont fluorofiber business acquired by Toray in 2014). Comparable in specialty polymers, films, and high-performance industrial materials serving electronics and industrial customers.
• BASF SE: Global chemical incumbent and Toray's joint venture partner for PBT resin production in Kuantan. Comparable as a large-scale producer of engineering plastics and a key customer/partner across advanced materials value chains.

Emerging players

• Honeywell International (Performance Materials): Advanced materials business with growing carbon fiber and composites portfolio (including Spectra and other high-performance fibers). Comparable in aerospace and industrial composite materials serving similar Tier-1 aerospace customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/toray-malaysia

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries6 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 Group (Malaysia)