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Business

Toray sets sights on auto industry in carbon fiber offensive

Japanese materials maker to bet on fuel cell, chassis parts

Toray Industries' new carbon fiber composite can be used to make strong, but light components with complex shapes.

TOKYO -- Toray Industries is planning a major expansion of its carbon fiber business over the next few years, including spending more than 20 billion yen ($176 million) to boost production of automobile components.

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