TOKYO -- Japanese chemicals giant Toray Industries will pour 100 billion yen ($780 million) into increasing production capacity for carbon fiber materials used in airplanes and hydrogen fuel tanks by 2025, Nikkei has learned.
Materials
Japan's Toray to spend $780m to lift carbon fiber output
Company expanding U.S., France, South Korea plants on bounce in plane demand
Japanese synthetic fiber maker Toray will invest in additional carbon fiber production capacity for the aviation industry, which is recovering from the effects of the COVID-19 pandemic. © Reuters
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