Aeronautics: Airbus hired by Toray - May 10, 2010
The leading Japanese polyester fiber Toray Plastics announced Monday the signing of a 15-year contract with EADS, the parent of European aircraft manufacturer Airbus, the supply of carbon fibers. The contract amount is not specified.
Since 2008, the carbon fiber market was stagnant for the aerospace, note Toray. In a statement, said that the needs Toray carbon fiber Airbus will greatly increase with the production of the A350 XWB. The new contract would allow the Japanese firm to "increase [its] offer high-quality materials and high performance aircraft, thereby strengthening its position as a leader for that use."
Toray was released in late March 1 annual sales down 7.6% at 14, 62 billion dollars.The company, which holds 60% market share of carbon fibers for aircraft, however, to table a net profit of $ 278 million for fiscal year 2010-2011, hoping for an increase in demand, particularly in emerging countries and China.