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Toray to Build World's Biggest Carbon Fiber Plant

Tokyo, Apr 11, 2008 (Jiji Press) - Toray Industries Inc. <3402> will build the world's biggest carbon fiber plant to meet growing demand from the aircraft, automobiles and other industries, company officials said Friday.

The new plant, to be located in Masaki, Ehime Prefecture, southwestern Japan, is slated to begin operations as early as 2010 with an annual capacity of 4,000 tons, the sources said.

By the end of 2012, Toray's annual carbon fiber output capacity will increase 1.7-fold from the current level to more than 30,000 tons.

Toray is developing the carbon fiber components for use in the tail of the first Japanese-made small passenger jetliner now development by Mitsubishi Heavy Industries Ltd. <7011>.

The new plant will make not only high-performance but also general-purpose carbon fibers.

In the carbon fiber business, Toray aims to expand its annual group sales to 160 billion yen in 2010, 300 billion yen in 2015 and 500 billion yen in 2020.

By Jiji Press, (c) Jiji Press

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