Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Toray Wins Preferred Bidding Rights for Woongjin Chemical Stake

Sept. 27 (Bloomberg) -- Toray Industries Inc., the biggest carbon fiber producer that’s also expanding its water-treatment business, said it won the preferential bidding rights for a 56.2 percent stake in Woongjin Chemical Co.

Toray will announce results of negotiations between its Korean unit and the South Korean fiber maker that also has a water-filter business as soon as a decision is reached, it said in a statement to the Tokyo Stock Exchange.

The South Korean company’s shares rose 1.9 percent today in Seoul while Toray gained 1.6 percent. The Korea Economic Daily earlier this month reported Toray was picked as preferred bidder.

The Tokyo-based company that makes filters to clean water says the market for membranes to treat seawater and wastewater is expanding with orders from China to Singapore, the Middle East and North Africa.

Link to Company News:{3402 JP <Equity> CN <GO>}

To contact the reporter on this story: Gearoid Reidy in Tokyo at

To contact the editor responsible for this story: Randall Hackley at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.