Composites

23rd Jun 2023

French tyre manufacturer Michelin will acquire Flex Composite Group (FCG) for €700 million in line with Michelin’s 2030 strategy. The move will boost Michelin’s polymer composite activities, while also improving FCG’s environmental footprint. The acquisition will grow Michelin’s High-Tech Materials revenue by approximately 20 per cent.

15th Jun 2023

Toray Industries will participate in the Paris Air Show to discuss advancements in composite material technologies for the aerospace industry. The company's carbon fibre and thermoplastic composites are essential in enabling the adoption of composites in aviation. Toray remains committed to sustainability and providing innovative solutions.

12th May 2023

Hexcel Corporation has unveiled the completion of an expansion project at its engineered core operations facility in Morocco. The purpose of this expansion is to address the need for lightweight advanced composite materials within the aerospace sector. Situated in the Midparc Free Trade Zone in Casablanca, the plant has undergone significant growth.

26th Apr 2023

American firm Hexcel Corporation reported Q1 FY23 sales of $457.7 million, up 17.2 per cent YoY, driven by commercial aerospace sales, which grew by 30 per cent to reach $284.5 million. The company's adjusted operating income increased to $63 million or 13.8 per cent of sales, compared to $31.1 million, or 8 per cent of sales in Q1 FY22.

26th Apr 2023

Gurit has reported a 26.6 per cent YoY growth in Q1 net sales, reaching CHF 117.4 million, attributed to its composite materials division's performance, which achieved a 36.2 per cent YoY increase in net sales. The company’s guidance for FY23 remains unchanged, with an expected net sales of CHF 450-510 million and an operating profit margin of 2-5 per ...

24th Apr 2023

Aluula Composites & the UBC have joined forces to pioneer recycling applications for Aluula's cutting-edge high-performance composite materials based on ultra-high molecular weight polyethylene. Conventionally, composite materials are manufactured by bonding together different layers of core materials and outer films to make fabrics for various...

9th Mar 2023

ThermHex Waben, specialist producer of thermoplastic polypropylene honeycomb cores for lightweight sandwich panels and components, has announced its latest range of sustainable panels for lightweight applications. The applications cover a wide range of industries, including automotive, transport, wind and solar, logistics, B&C, and furniture.

6th Mar 2023

Switzerland based Gurit, a company that specialises in advanced composites, has reported a 52.9 per cent increase (at constant rates) to Swiss franc (CHF) 325.5 million in the sales of its composite materials segment in fiscal 2022 (FY22). The company’s net sales were CHF 499.5 million, an increase of 6.7 per cent year-on-year (YoY), for FY22.

2nd Feb 2023

Switzerland’s Gurit, a company that specialises in advanced composites, has posted preliminary and unaudited net sales of CHF 499.5 million, up 6.7 per cent YoY, for fiscal 2022. The company’s net sales of continued operations were CHF 488.6 million, which is an increase of 17 per cent at constant exchange rates or 11.6 per cent in reported CHF versus...