Under the agreement, CEM, a USA-based supplier of prepregs and other aerospace composite materials, and Japanese carbon fibre supplier MRC will combine and share their technologies and engineering efforts for selected high-performance carbon composites applications in the structural materials aerospace market.

The two companies have been collaborating to develop high-performance carbon composite materials for aerospace applications for several years.

Mitsubishi Rayon is headquartered in Tokyo, Japan.

Cytec Engineered Materials is a business unit of Cytec Industries Inc (NYSE: CYT). Cytec Engineered Materials is headquartered in Tempe, Arizona, USA.