Teijin Ltd. is preparing to make a full foray into the Indian market for carbon fibers, a light but strong material that can replace steel and aluminum, a senior company official said.
"Teijin is contacting a major Indian automaker," Vice President Norio Kamei said Friday, indicating its plan to pursue joint development of vehicle components in the quickly growing economy.
Many firms are using carbon fibers in aircraft fuselages and car bodies. But demand is expected to rise further ahead of the introduction in 2015 of new environmental regulations, including requirements for reducing carbon dioxide emissions, in the United States and Europe, Kamei said.
Carbon fiber is "the only material that can make auto bodies lighter," he said.
Hoping for the material to be adopted for mass-produced high-end vehicles, Teijin has been developing carbon fiber products with General Motors Co. and negotiating with domestic makers.
The firm is promoting carbon fibers to automakers in emerging economies through its branches in India, China and Singapore.
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