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UPDATE 1-Toray to develop carbon fibre car parts with Daimler

TOKYO, April 28 (Reuters) - Japanese textile maker Toray Industries 3402.T said on Wednesday that it and German carmaker Daimler AG DAIGn.DE will jointly develop carbon fibre car parts, which will be used in Daimler's Mercedes-Benz cars starting in 2012.

Shares of Toray jumped 2 percent to 555 yen on the news, outperforming a 2.8 percent fall in the benchmark Nikkei average .N225.

The first cars to use the new carbon fibre composite materials will be the Mercedes-Benz SL-Class, Toray spokesman Yoshitaka Yamagata said.

Toray and Daimler will develop reinforced plastic materials by using the carbon fibre produced at Toray’s plant in France, he said.

This is the first time that Toray, the world’s biggest maker of carbon fibre with a global market share of 34 percent, is developing carbon fibre car parts. The company has supplied carbon yarn for Ferrari’s sports cars, Yamagata said.

Carbon fibre for use in cars accounted for an estimated 7 billion to 8 billion yen ($86 million) of Toray’s revenue which is estimated at 1.35 trillion yen for the year ended March 31.

Toray will report results for the last financial year on May 10. ($1=93.09 Yen) (Reporting by Yumiko Nishitani)

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