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Mitsubishi Rayon acquires majority of carbon fiber reinforced plastics company Wethje; targeting auto industry

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(MRC) recently executed a share sales and purchase agreement by which it will acquire 51% of Wethje Holding GmbH , a German company engaged in manufacturing of carbon fiber reinforced plastics (CFRP) parts for automobile applications, from Wethje parent Cross Industries AG.

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Asahi Kasei to present diversified material solutions for EV batteries and circular economy at Fakuma 2023

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Japanese technology company Asahi Kasei will showcase diversified material solutions for safe and compact EV batteries, improved connectivity and lightweighting, as well as circular economy at Fakuma , the world’s leading trade event for industrial plastics processing, from 17 - 21 October 2023 in Friedrichshafen, Germany.

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PNNL leads team to accelerate development of affordable carbon fiber composites

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Researchers at the Department of Energy’s Pacific Northwest National Laboratory, along with experts from industry and academia, have developed predictive engineering tools for designing new, economical, and lightweight automotive composites. This approach should speed the development of more economical carbon fiber materials.

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Toray to enter large tow carbon fiber business via $584M acquisition of Zoltec; wind and automotive markets

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Toray Industries, Inc. Zoltek is a large two carbon fiber manufacturer; large tow carbon fiber is carbon fiber with 40,000 or more filaments applied for applications such as wind turbine blades and reinforced plastics compounds, and is produced on modified acrylic staple fiber production lines for textiles.

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Daimler and Toray to establish JV for carbon-fiber based automobile parts; new production and joining process enables large-scale production

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Toray Industries, Inc. and Daimler AG are forming a joint venture in Esslingen, Germany, for manufacturing and marketing of Carbon Fiber Reinforced Plastics (CFRP) automobile parts. Reducing the vehicle weight for boosting fuel efficiency is an important issue in the automobile industry.

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Hyundai Motor Group’s Supernal unveils eVTOL vehicle cabin concept at 2022 Farnborough International Airshow

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Beyond the vehicle, Supernal is collaborating with external partners and the Group’s more than 50 affiliates—which span automobiles, automotive parts, construction, robotics and autonomous driving—to co-create the expansive AAM value chain. The seat frame also utilizes excess raw material from the airframe manufacturing process.

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Dow and AKSA forming JV for carbon fiber and derivatives; up to $1B investment in project within 5 years

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signed a definitive agreement to form a joint venture to manufacture and commercialize carbon fiber and derivatives. The joint venture will develop and globally market a broad range of products and technical service support in the rapidly expanding carbon-fiber based composites industry.