Toray Industries: Agreed Carbon-Fiber R&D Pact With Daimler
28 April 2010 - 11:26AM
Dow Jones News
Toray Industries Inc. (3402.TO) has reached an accord with
Germany's Daimler AG (DAI) to jointly develop carbon fiber
composite for use in Mercedes-Benz SL vehicles from 2012, a Toray
spokesman said Wednesday.
The spokesman added that further details of the pact will be
released at 0130 GMT.
Japan's largest synthetic fiber maker by sales expects demand
for carbon fiber to grow among automakers. The material is
currently used in a wide range of industrial applications,
including in aircrafts, fuel tanks for compressed natural gas cars
and blades for power-generating windmills.
In 2006, Toray signed a 16-year contract worth at least $6
billion to supply carbon fiber materials for use in Boeing Co.'s
(BA) 787 Dreamliner aircraft.
-By Hiroyuki Kachi, Dow Jones Newswires; 813-6269-2789;
Hiroyuki.Kachi@dowjones.com
Toray Industries (PK) (USOTC:TRYIY)
Historical Stock Chart
From May 2024 to Jun 2024
Toray Industries (PK) (USOTC:TRYIY)
Historical Stock Chart
From Jun 2023 to Jun 2024
Real-Time news about Toray Industries Inc (PK) (OTCMarkets): 0 recent articles
More Toray Industries Inc. (ADS) News Articles