9th Aug 2021
Germany’s Nordex group and the American rotor blade manufacturer, TPI Composites, have agreed on a unique strategic partnership in addition to collaborating in Turkey and India. As part of this innovative collaboration model, the Nordex group will transfer the operation of its Mexican rotor blade production in Matamoros to TPI for a period of three...
9th Aug 2021
Teijin Ltd, a Japanese manufacturer of carbon fibre products, posted 26.1 per cent sales increase to ¥225.9 billion (Japanese yen) in first quarter (Q1) FY21 ended on June 30, 2021, against ¥179.1 billion in the same period of FY20. Operating income grew 37.1 per cent to ¥17.2 billion (¥12.6 billion), while profit improved to ¥10.4 billion (¥6.2...
4th Aug 2021
Specialist extrusion equipment exporter for textile, medical and composite sectors Fibre Extrusion Technology (FET) of UK has installed a new meltspinning system to upgrade research facilities and fast track textile research and innovation at the Nonwovens Innovation & Research Institute (NIRI) UK, a leader in nonwoven engineering and product...
3rd Aug 2021
GFM has bought a 49 per cent stake in Cevotec from early financial investors who exit their investments after five years of supporting the company from the onset. GFM is a leader in high-tech industrial systems tailored to individual customer needs. Automation specialist Cevotec has one of the most advanced production systems for complex fibre...
30th Jul 2021
Reactive Components Limited, a UK-based company delivering cost effective and timely products for the Composites market, has opened a new R&D centre in Leicester. The centre can handle projects in the areas of materials science, introduction to market, manufacturing scale-up, supply chain efficiency, product lifecycle and ‘new’ analytical services.
29th Jul 2021
Continuous Composites, an innovator in the additive manufacturing industry headquartered in the US, has announced the successful closing of its $17 million series A financing led by B. Riley Venture Capital (BRVC), a subsidiary of B. Riley Financial. The latest investment follows prior funding rounds led by strategic partners, Arkema and Saint-Gobain.
28th Jul 2021
Fully automated Dieffenbacher sheet molding compound (SMC) lines are becoming increasingly popular among the parts suppliers for the automotive, logistics and construction industries. This is because these lines speed up production, reduce scrap costs and increase output. SMC processes are used by automotive parts suppliers to make composite components.
27th Jul 2021
Albany International, a US-based manufacturer of engineered components, has reported 4 per cent sales growth to $234.5 million in second quarter (Q2) of FY21 ended on June 30, 2021, compared to $225.9 million in the corresponding period of prior fiscal. The Engineered Composites segment's sales marginally improved to $74.6 million ($72.5 million).
27th Jul 2021
Rassini, a Mexican leader in composite vehicle suspension systems, has selected advanced composites leader, Hexcel's, HexPly M901 prepreg system, to speed up product development cycles. It provides an easy-to-process material solution that reduces overall time to market and enables effective early-stage design screening and cost-effective production.