Toray to invest $780M to boost carbon fiber capacity in US, France, South Korea

Toray Industries will invest 100 billion yen ($780 million) to increase production capacity for carbon fiber materials used in airplanes and hydrogen fuel tanks by 2025. The expansion will take place at plants in the United States, France, and South Korea.

“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.”asia.nikkei.com

• 2 sources
• asia.nikkei.comJapan's Toray to spend $780m to lift carbon fiber output - Nikkei AsiaNikkei staff writersJan 13, 2023
• cen.acs.orgBusiness RoundupFeb 10, 2023

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