June 12, 2025 –
Toray Industries has marked a significant milestone in its China expansion strategy with the inauguration of its state-of-the-art resin production facility in Foshan’s Nanhai District. The Japanese materials giant completed the ¥400 million phase one project in a record-breaking 16 months, setting a new benchmark for foreign investment execution speed in China’s chemical sector.
The Foshan plant represents Toray’s fourth major investment in South China’s New Materials Industrial Park and is projected to generate annual revenues exceeding ¥1 billion. Specializing in high-performance composite materials, the facility will primarily serve booming demand from electric vehicle manufacturers and consumer electronics producers across Asia.
“China’s evolving industrial landscape presents tremendous opportunities for advanced material solutions,” said Yasutoshi Tsukamoto, President of Toray Plastics (China). The company credits the project’s rapid completion to Foshan’s innovative “one enterprise, one team” support system, where local government assigned dedicated specialists to streamline approvals and construction logistics.
With twelve existing operations in Guangdong Province – including four clustered in Jiujiang Town – Toray has established a comprehensive supply chain spanning from raw materials to finished products. Jiujiang Mayor Fang Yuxin reaffirmed the township’s commitment to supporting foreign investors, noting Toray’s expansion aligns perfectly with the region’s advanced manufacturing development goals.
Industry analysts suggest the Foshan facility’s strategic location will strengthen Toray’s position in Asia’s competitive specialty resins market, particularly as demand grows for lightweight, high-strength materials in next-generation applications. The project also demonstrates how streamlined administrative processes can accelerate foreign direct investment in China’s chemical sector.