Toray Industries, Inc. to Buy Shares in Zoltek Companies, Inc.
CHEMMONITOR.COM - The multinational corporation Toray Industries, Inc. headquarters in Tokyo is going to purchase a 100% stake in the US company Zoltek Companies, Inc. for over USD 580 million, each share almost at USD 16.8.
Toray Industries, Inc. intends to be a member of large tow carbon fiber business.
Globally, PAN-based carbon fibers demand is poised to rise at a growth rate of about 15% annually. The usage of material contributes into the energy saving as well as into spreading of renewable energy.