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• Manufacturers raise the price of carbon fiber

  Filed under: Trends , Plants/Manufacturing , Earnings/Financials If you were looking at carbon fiber as the magical lightweight solution to the parallel automotive woes of low power-to-weight ratios and high fuel consumption, we have some potentially disappointing news for you. Two of the world's largest suppliers of carbon fiber have announced that they are raising their prices. And not by a little, either, with the going rate for the high-tech material rising by 10 to 30 percent in one shot. The simultaneous announcement from Toray Industries Inc. (the #1 supplier of carbon fiber) and Mitsubishi Rayon Co. (the third largest) marks the first time both companies have universally raised their prices at the same time. The development would border on price-fixing if not for the fact that the second biggest carbon fiber manufacturer, Teijin Ltd., didn't participate. However Teijin is expected to announce its own price hike sometime this week, as well. We all expected prices to drop... Posted Aug 05 2008, 10:29 AM by Autoblog Filed under: Plants/Manufacturing, Earnings/Financials, Trends, CarbonFiber, carbon fiber, CarbonFibre, carbon fibre, price carbon fibre, cost carbon fibre, price carbon fiber, prices, cost carbon fiber, costs, CostCarbonFiber, CostCarbonFibre, PriceCarbonFiber, PriceCarbonFibre