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Toray to boost carbon fiber capacity 20%

Toray Industries looks to expand carbon fiber capacity by 20%.

TOKYO -- Toray Industries aims to increase its global carbon fiber production capacity about 20% by 2018, focusing on a low-price version used in wind turbines and other applications.

The Tokyo-based company may spend over 10 billion yen ($99.5 million) to triple the capacity at a Mexican plant making the low-end fiber, which also can be used for autoparts. The decision will be finalized as early as this year.

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