MUNICH The Japanese company Toray Industries Inc. is opening its Automotive Center Europe in Neufahrn to strengthen its research and development work in new materials for the mobility of the future for Europe. This department belongs to the “Green Innovation” division within the company. Up to 20 jobs are going to be created at the location to start with. The location is also a success for Bavaria’s business development agency “Invest in Bavaria”, which assisted with the search for a location together with the Bavarian representative office in Japan. Bavaria's Minister of Economic Affairs Hubert Aiwanger: “I am delighted about this successful new location, which is advantageous to both sides in terms of developing and improving highly advanced materials and I am confident that the TORAY Automotive Center Europe will become an important hub for material and technical innovations in all of Europe. The settling of innovative companies here makes a huge contribution to the Bavarian economy’s competitiveness.”
The company wants to coordinate its European research and development activities from Neufahrn and pool them at the location. Toray will research and develop materials for the automotive technologies of the future there together with local companies.
Today, Industries Inc. founded in 1926 is a Japanese chemicals company based in Tokyo that manufactures, processes and sells high-performance chemicals, carbon fibre materials and medical products. In the meantime, Toray has 250 subsidiaries and partner companies in 27 countries in Europe, Asia, North and South America and has approximately 50,000 employees.
“With a trade volume of considerably more than EUR 7 billion, Japan is our second most important Asian trade partner. We are delighted when our traditionally good trade relationships with Japan are reflected in new locations and jobs,” says Aiwanger. With roughly 440 Japanese branches and around 8,400 Japanese people living here, Bavaria is now a stronghold of Japanese companies in Germany. The crucial factors for their choice of location were being close to customers, the high political and legal stability and the very good infrastructure with two direct flights daily from Munich to Tokyo and with an additional direct flight from Munich to Osaka from the end of April 2019.