UPDATE 1-Japan's Toray targets cheaper carbon fiber market in $584 mln Zoltek buy

Newswire

Sept 26 (Reuters) - Japan's Toray Industries Inc, maker of advanced fibers used in Boeing Co's 787 Dreamliner jet, will buy U.S.-based Zoltek Companies Inc in a move to tap into the lower end of the growing global market for carbon fibers. The agreed $584 million deal will give Toray, also developing high-specification fibers for luxury auto maker Daimler AG, access to Zoltek products used to make construction materials and cheaper auto parts. ...

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