Toray Plastics (America) to Build a New Cogeneration Power Facility

  Toray Plastics (America) to Build a New Cogeneration Power Facility

   US$22.7 Million Investment in Second System Will Enhance Sustainability
                   Initiative and Manufacturing Production

Business Wire

NORTH KINGSTOWN, R.I. -- August 20, 2013

Toray Plastics (America), Inc., (www.torayfilms.com), the only United States
manufacturer of precision-performance polyester, polypropylene, metallized,
and bio-based films, will begin construction in August on a second
cogeneration system at its 70-acre North Kingstown, Rhode Island campus.
Cogeneration power systems allow users to operate “off the grid” and prevent
the kind of electrical power outages that can occur with conventional power
plants. Toray already operates a cogeneration system that supplies continuous
power to its Lumirror® polyester film division, which sustains manufacturing
production even during severe weather events, such as Hurricane Sandy, and
enables the company to provide uninterrupted customer service. The new system,
which is expected to be operational by March 2014, will be dedicated to
powering production for the Torayfan® polypropylene film division and other
sites around the property. It will dramatically reduce Toray’s demand on the
supply of electricity to nearby Rhode Island communities, particularly during
peak periods in the summer months. In addition, the company estimates that the
new system, like the current unit, will eliminate approximately 12,500 tons of
CO2 per year, for a total reduction of 25,000 tons. Toray’s sustainability
initiative, begun in 2004, includes the use of solar power, zero landfill, and
extensive recycling, among other features.

Toray Plastics (America) is building a second cogeneration facility on its
70-acre campus in North K ...

Toray Plastics (America) is building a second cogeneration facility on its
70-acre campus in North Kingstown, Rhode Island. (Photo: Business Wire)

“Toray has a legacy of innovation and commitment to sustainability, as
demonstrated by our product development and operations,” says Rick Schloesser,
President and CEO, Toray Plastics America. “Our taking action to reduce
further our energy consumption and carbon footprint is good for business,
people, and the environment. Our global customers value our focus on producing
the highest-quality high-performance, competitively-priced OPP and PET films
and our comprehensive sustainability initiative.”

Toray has earmarked US$22.7 million for the development of the new system,
including funds from National Grid’s Energy Efficiency Program, developed in
collaboration with the state of Rhode Island. The company’s decision to build
a new cogeneration unit is supported by the Rhode Island Public Utilities
Commission, National Grid, which supplies 100 percent of the electricity
distributed to Toray beyond Toray’s own cogenerated electricity, Rhode
Island’s Governor Lincoln D. Chafee, M. Teresa Paiva Weed, the Senate
President, and Gordon D. Fox, the House Speaker. Toray calculates that the
project will generate 150,000 hours of construction labor. This major
investment follows Toray’s recent US$15 million investment in new coating
equipment.

Toray Plastics (America), Inc., is a leading manufacturer of polyester,
polypropylene, bio-based films, and metallized films for flexible and rigid
packaging, lidding, graphic, industrial, optical, and electronic applications.
The company is a subsidiary of Toray Industries, Inc., the world leader in
synthetic fibers and textiles, carbon fibers, plastics, chemicals,
pharmaceuticals, and high-performance films, which has annual sales exceeding
US$19 billion. For more information about Toray Plastics (America)’s
value-added films, contact Mary Gervais at mary.gervais@toraytpa.com or
401-667-2281. Toray Plastics (America), Inc., is located at 50 Belver Avenue,
North Kingstown, RI 02852-7500; telephone 401-294-4511, fax 401-294-3410.
Visit the Toray Plastics (America), Inc., website at www.TorayFilms.com.

Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20130820005406/en/

Multimedia
Available:http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50693789&lang=en

Contact:

Media
Kreiss Communications
Claudia Kreiss, 973-746-0575
ckreiss@kreisscommunications.com