Toray Korea hopes next-gen tech will quadruple its sales

Home > Business > Industry

print dictionary print

Toray Korea hopes next-gen tech will quadruple its sales

Toray Advanced Materials Korea, an affiliate of Japan’s chemical giant Toray Industries, on Monday said it aims to more than quadruple its sales by 2030 with a focus on fostering new growth engines.

Celebrating its 20th anniversary of the company foundation, Toray Advanced Materials Korea said it is targeting 10 trillion won ($8.4 billion) in sales and 1 trillion won in operating profit by 2030.

The company logged 2.4 trillion won in sales and an operating profit of 162.6 billion won last year.

To achieve its goals, Toray Advanced Materials Korea said it will first focus on developing materials used in next-generation displays, such as foldables and OLEDs. The company added it also eyes more business opportunities in sectors like new mobility, environmentally-friendly products, water treatment and health care.


More in Industry

Asiana chartered flights help Hyundai Mipo in Vietnam

GS Pharma to begin producing blood plasma treatment

Samsung buying display panels from LG

McDonald's Korea head keeps focus on convenience and taste

Nongshim wins as Americans stock up for lockdowns

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now