In order to ensure thorough compliance with the Antitrust Law, Toray Group has prepared an Antitrust Law Compliance Program and an Antitrust Law Red Card to highlight specific examples of violations. Accordingly, employees are being provided with comprehensive training in various settings. In October 2008, the Company launched an e-learning program for all employees in marketing and sales department, as well as people in production, development and research positions (a total of about 3,600 employees). Each of these employees took an oath to comply with the Antitrust Law. This training will be continued in the future and expanded throughout the entire Toray Group.
E-learning training program
- Administrative Orders by the Japan Fair Trade Commission
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In March 2009, Toray was issued a cease and desist order by the Japan Fair Trade Commission (JFTC) for suspected price fixing activities of cross-linked high-foaming polyethylene. Toray's subsidiary, Toray Pef Products, Inc., was also issued a cease and desist order as well as an order for surcharge payment.
Toray thoroughly regrets this occurrence, especially as it had taken various measures to ensure compliance with the Antitrust Law. It has since worked to raise the awareness of all directors and employees concerning corporate ethics and legal compliance as a top-priority management issue.
While viewing this incident with great seriousness and sincerity, Toray intends to strengthen measures to prevent reoccurrence via regular audits, refresher training for sales employees and other efforts to ensure thorough understanding of the Antitrust Law Compliance Manual across the entire Toray Group. In doing so, Toray will strive to regain the public's confidence.
