Toray: In 15-Year Pact To Supply Carbon Fiber To Airbus
10 May 2010 - 6:13PM
Dow Jones News
Toray Industries Inc. (3402.TO) has reached a 15-year pact to
supply carbon fiber to Airbus from 2011, a company spokesman said
Monday.
The deal marks another major advance for Toray in beefing up its
presence in the global market for products made with carbon fiber -
a strong and lightweight material widely used in a range of
industrial applications. By its own estimate, Toray holds the
biggest share in the market at 34%.
In 2006, Toray signed a 16-year contract worth at least $6
billion to supply carbon fiber for Boeing Co.'s (BA) 787 Dreamliner
aircraft.
The Toray spokesman said the monetary amount of the order has
not been determined. The Nikkei newspaper reported earlier Monday
that the deal could be worth as much as Y200-300 billion.
-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