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Business deals

Japan's Toray to buy Dutch carbon-fiber processor TenCate

$1.13 billion deal will expand the No. 1 player's downstream operations

TenCate's carbon-fiber composite components are used in aircraft and rockets, as well as computers and sporting goods.

TOKYO -- Toray Industries is set to purchase a Dutch manufacturer of high-grade carbon-fiber composite components, with a keen interest in boosting automotive-related sales.

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