September 27, 2013 / 1:17 AM / 4 years ago

Japan's Toray agrees to buy U.S. Zoltek for $584 million

TOKYO (Reuters) - Japan’s Toray Industries Inc (3402.T) said it has agreed to buy U.S.-based Zoltek Companies Inc ZOLT.O for $584 million in order to increase its share of the worldwide carbon fiber market.

    Toray, a carbon fiber maker which supplies the cutting edge materials used in Boeing Co’s (BA.N) Dreamliner airplanes, said its acquisition of Zoltek will allow it to supply lower-cost carbon fibers for wind turbines and cars.

    Reporting by Nobuhiro Kubo and Mari Saito; Editing by Edmund Klamann

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below