Toray Industries, Inc., announced that it will raise prices for TORAYCA carbon fiber, as well as TORAYCA prepreg, fabric, laminate, and other intermediates. The increases, ranging from 10% to 20%, apply to shipments from January 2026.
Several factors informed this decision. Since the COVID-19 pandemic, global supply-demand imbalance and weak yen have driven up prices, for such energy sources as coal and natural gas. Costs have also continued to rise for raw and auxiliary materials and for logistics, including transportation. Also, labor costs at Toray and its partner factories in Japan and overseas have climbed, amid personnel shortages and retention efforts.
Toray responded by endeavoring to cut costs and streamline operations, but recent cost hikes have exceeded what the company can absorb through these measures. Management therefore decided to adjust prices to sustain and enhance Toray’s ability to maintain stable supplies of high-quality products and continue developing higher-value offerings.