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Mitsubishi Rayon plans carbon fiber parts venture in Europe

TOKYO -- Mitsubishi Rayon will soon start making carbon fiber parts for wind power turbines through a European joint venture, aiming to step up its involvement in this form of alternative energy.

The Mitsubishi Chemical Holdings unit will invest 49% in the venture. Danish concern Fiberline Composites, which sells turbine blade components to wind power companies across Europe, will take a 51% interest. The venture will be established in October and headquartered in Denmark.

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