# Who does Toray Industries pay? Who are its key suppliers?
Canonical: https://valuechain.wiki/toray-industries · Facet: suppliers · Updated: 2026-07-12T08:19:55.95717+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Toray Industries discloses no named confirmed suppliers/cost counterparties; 3 relationships are tracked as undisclosed/aggregate. Per the valuechain.wiki graph: 3 cost edges, backed by 2 dated sources, 0 of them primary filings (as of 2026-07-12).

### 아크릴로니트릴·PAN 프리커서 원료 (mid)
- note: Acrylonitrile (propylene-derived) is the key feedstock for the PAN carbon fiber precursor, and the precursor accounts for more than half of carbon fiber production cost.
- [mentions] Nikkei Asia (EN, news, published 2025-03-01) https://asia.nikkei.com/business/materials/japan-carbon-fiber-makers-aim-higher-as-chinese-rivals-close-in: "Amid intensifying Chinese competition, Japanese carbon fiber makers are shifting to high-value applications and raising prices to cope with cost and price pressure."
- [confirms] AA Blocks (EN, news, published 2023-06-01) https://www.aablocks.com/node/30: "The acrylic precursor for PAN carbon fiber makes up more than 50% of total carbon fiber production cost, and its acrylonitrile is derived from propylene and naphtha."

### 나프타·석유화학 피드스톡 (mid)
- note: Naphtha and other petrochemical feedstocks used for films, resins, and performance chemicals; cost moves with crude oil prices.
- [mentions] AA Blocks (EN, news, published 2023-06-01) https://www.aablocks.com/node/30: "The precursor feedstock acrylonitrile is obtained from naphtha-derived petrochemicals such as propylene, making it sensitive to oil prices."

### 에너지(전력·연료) (mid)
- note: Electricity and fuel for energy-intensive processes such as fiber spinning, chemicals, and carbon fiber carbonization; a margin pressure when energy prices rise.
- [mentions] Nikkei Asia (EN, news, published 2025-03-01) https://asia.nikkei.com/business/materials/japan-carbon-fiber-makers-aim-higher-as-chinese-rivals-close-in: "Raw material and energy cost burdens are part of what is pushing Japanese carbon fiber makers to raise prices and move upmarket."

Reverse side: https://valuechain.wiki/toray-industries/customers.md · Ripple: https://valuechain.wiki/toray-industries/ripple.md

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