|  | 05/31/2010 |
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Tokyo Rope to Expand Offshore Business for Next Growth
Tokyo Rope Mfg. announced on Friday the firm builds new plants for carbon fiber composite cable in China and USA. The firm plans 11 billion yen of investment for offshore business under the new 2-year plan through fiscal 2011. With the wider offshore operation, the firm targets 10 billion yen of recurring profit in fiscal 2013, which is around 6 times of profit in fiscal 2009 by utilizing the companywide technology and knowhow for materials and engineering.
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 | Tokyo Rope to Expand Offshore Business for Next Growth
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