Home / Knowledge / News / Apparel/Garments / Toray & Uniqlo ink second five-year strategic agreement
Toray & Uniqlo ink second five-year strategic agreement
20
Jul '10
UNIQLO CO., LTD. (Chairman, President and CEO Tadashi Yanai) and Toray Industries, Inc. (President and COO Akihiro Nikkaku), have concluded an agreement for a second five-year plan under the two firms' strategic partnership. This paves the way for continued, mutually beneficial collaboration building upon the shared success of the first five-year plan. Under this agreement, the firms will aspire to dramatically heighten the speed, efficiency and value-added of material development, production and sales, with Toray establishing a stable, long-term supply base to help UNIQLO as it strives to become the world's number one manufacturer-retailer.

UNIQLO, with a global network of 809 stores that includes 135 overseas as of the end of May 2010, strives to “create truly great clothing with new and unique value.” The Toray Group, with a corporate philosophy dedicated to “contributing to society through the creation of new value with innovative ideas, technologies and products,” has a presence in 21 countries and regions with 229 group-affiliated businesses worldwide, including 102 companies in Japan and 127 overseas as of the end of March 2010.

Through the development of competitive products, a stable global production infrastructure and the establishment of a flexible production structure designed to accommodate sales trends, both companies are intent on further evolving this strategic partnership, which was first formed in 2006, to provide products with unprecedented new value to consumers worldwide.

Overview of the second phase of the strategic partnership

The second five-year plan under the strategic partnership of UNIQLO and Toray will hinge on the following activities.

• Continuing to create new markets by developing revolutionary new products.
• Expanding the scale of global joint projects and creating new, international growth models operated by Japanese industry. UNIQLO will maximize its sale of clothing internationally while Toray, as a major textile manufacturer, will develop and expand its production base and capabilities on a global level.
• Striving together to meet a target of 400 billion yen in transactions between the two companies during the strategic partnership's second five-year plan, which will run from 2011 and 2015.

UNIQLO CO. LTD. and Toray Industries, Inc. first launched their strategic partnership in March 2006 with a long-term supply agreement. In June 2006, under the first phase of the strategic partnership, the two companies formulated a mid- and long-term policy to guide their work developing and planning new products together. Under this business relationship, the two firms, Toray as a developer and manufacturer of materials and UNIQLO with its SPA (Specialty store retailer of Private-label Apparel) business model, have transcended the traditional borders between their respective businesses to establish a seamlessly integrated system of product development that is unified at all the stages -from material selection through to the final sale- and succeeded in providing apparel and other products that enrich the lives of consumers.

Toray Industries Inc


Must ReadView All

Building of Ethiopian textile unit by Chinese firm starts

Textiles | On 22nd Jan 2018

Building of Ethiopian textile unit by Chinese firm starts

Chinese firm Wuxi No. 1 Cotton Mill will build a textile plant in...

JD.com to invest $3.1 bn to revive industry in NE China

Apparel/Garments | On 22nd Jan 2018

JD.com to invest $3.1 bn to revive industry in NE China

To back the government’s campaign to revitalize the traditional...

SIMA makes pre-budget recommendations to Indian govt

Textiles | On 22nd Jan 2018

SIMA makes pre-budget recommendations to Indian govt

Exemption of 5 per cent goods and services tax (GST) on raw cotton,...

Interviews View All

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

January 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search