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BRIEF-Mitsubishi Rayon plans carbon fiber parts venture in Europe - Nikkei

Sept 19 Nikkei:

* Mitsubishi Rayon plans carbon fiber parts venture in Europe - Nikkei

* Mitsubishi Rayon will soon start making carbon fiber parts for wind power turbines through a European joint venture - Nikkei

* Danish Concern Fiberline Composites, which sells turbine blade components to wind power companies across Europe, will take 51% interest in the JV - Nikkei

* Mitsubishi Chemical Holdings Unit will invest 49% in venture - Nikkei

* Mitsubishi Rayon's joint venture will be established in October and headquartered in Denmark - Nikkei

* Mitsubishi Rayon's sales of 10 Billion yen ($98.2 million) are targeted for the joint venture in fiscal 2020 - Nikkei Source text : [ID:s.nikkei.com/2cCCypF]

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