The Furukawa Electric Co., Ltd. (Head Office: Chiyoda-ku, Tokyo, president, CEO & COO: Hiroshi Ishikawa, “Furukawa”) and Toray Industries, Inc. (Head Office: Chuo-ku, Tokyo, president, CEO & COO: Sadayuki Sakakibara, “Toray”) are pleased to announce that they have reached an agreement to form a sales partnership in China for their foamed polyolefin products. In November this year, the Furukawa Electric (Tianjin) Co., Ltd., a China-based subsidiary of Furukawa, commences the import and sale of Toray’s foamed polyolefin products.

The objective of this partnership is for both companies to complement the strengths of each other’s foamed polyolefin businesses to achieve further expansion. Furukawa deals extensively with foamed polypropylene, microcellular PET foam, biodegradable foam sheets, and other foam products chiefly for building materials and a range of industrial materials, while Toray deals in foamed polyethylene and polypropylene products and other foam products that are principally used as materials for automotive interiors. The sales partnership combines Furukawa’s broad array of products and its local sales network in China with Toray’s strong product lineup for automotive interior materials, to better serve Chinese users with improved offerings and to boost the sales of both companies’ products.