On November 3, NBCY Advanced Materials Technology Group, a leading manufacturer of BOPET high-end reflective functional film and white polyester film for light reflectors, issued an announcement:
Toray and NBCY unanimously agreed to withdraw the pending disputes related to the white polyester film for light reflector, strengthen cooperation, and achieve a win-win situation. NBCY also intends to obtain a Chinese patent legally owned by Toray from Toray (Patent Invention Name: Guang Toray is willing to grant the license of this patent to NBCY based on the conditions of this agreement. After the agreement between the two parties, the "cooperation agreement" was signed recently. The cooperation agreement Effective on the date of signing.