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Toray seen turning in another record operating profit

Toray supplies carbon fiber materials for the Boeing 777X.

TOKYO -- Toray Industries likely logged a second straight year of record operating profit in fiscal 2015, with a 27% jump to more than 155 billion yen ($1.38 billion), as China-related demand for textiles made up for a slight setback in carbon fiber due to the strong yen.

     Sales apparently gained 5% to about 2.1 trillion yen. The fiber and textiles business, which accounts for 40% of total sales, performed especially well. Growing Chinese consumption lifted demand for specialty fabrics for sportswear and other applications. Nonwoven fabrics for diapers also sold well, as did air bag materials.

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