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Japan's Toray Industries' sales rise in Czech Republic

Japan's Toray Industries recorded high sales in its Czech subsidiary, Toray Textiles Central Europe (TTCE). With a boost in textile sales, the company is strengthening its position in Central-Eastern Europe’s textile market. TTCE’s sales went up by 72 per cent to about €51 million, last year. This was due to a higher demand for its products and relatively weak Czech krona. The company expanded its net profit by about €5.8 million, which is in line with its rise in sales in 2014.

Due to the facility’s increasing sales, which is located in Prostejov, in the Czech Republic’s south-eastern part, the group is now the largest foreign investor in the country’s Olomouc region. The company plans to expand its output capacity further and create 30 new jobs at the Czech plant this year.

Toray Industries’ products are 100 per cent polyester filament fabrics, plain taffeta, textured taffeta and pongee. Besides, TTCE is the first Czech-based firm to make textiles for automotive air bags, besides, lining cloth, sportswear, furnishing materials, outer-wear, and base fabric for industrial use.

Shozo Sugaya, chief executive of TTCE said that increased share of higher added-value products resulted in improved sales and subsequently, improved financial results for the firm. TTCE increased its sales of polyester lining fabric by 27 per cent, and sales of fabrics used in the manufacturing of airbags by 22 per cent, last year compared to the sales of the same in 2013. According to Sugaya, this was because of increased sales to automotive parts maker Autolive, which is the largest supplier of airbag components in the world.

 
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