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Uniqlo and cars help carbon fiber champ Toray weather aircraft slump

Materials group has spread its bets since global financial crisis

Toray's carbon fiber composites have been widely adopted by Boeing aircraft. (Photo courtesy of Boeing)

TOKYO -- Carbon fiber composites are valued for their sturdiness and resistance to extreme temperature. Now, a top supplier of the aircraft body material faces a test of its own resilience to earnings pressure.

Toray, the world leader in synthetic carbon fiber by market share, has been dragged down by falling global demand for aircraft during the coronavirus pandemic.

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