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Toray acquires large-tow carbon fiber company

December 11th, 2013 / By: / Industry News

The demand for large-tow carbon fiber, used for applications such as wind turbine blades and reinforced plastic compounds, is growing, and Toray Industries, Tokyo, Japan, wanted a presence in the market. Toray, with strengths in organic synthetic chemistry, polymer chemistry and biotechnology in textiles and plastics, will acquire Zoltek, a St. Louis, Mo., company that manufactures high-strength, high-purity and heat-resistant carbon fibers. The merger, which will cost an estimated $584 million, is expected to be completed in late 2013 or early 2014.

Source: www.toray.com

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