Composites

29th Aug 2016

Textiles technology group, Royal TenCate, which develops and produces solutions for the protection of people and living environment, has appointed Jan Albers, now chairman of supervisory board, as new chairman of the executive board and CEO, during the recently held extraordinary general meeting of shareholders of Royal Ten Cate in Almelo.

27th Aug 2016

Operating profit expanded 21 per cent year on year in the six month period ended June 30, 2016 to reach CHF 19.1 million at Switzerland based composites maker Gurit, while operating profit margin reached 10.5 per cent. The operating profit includes expenses of CHF 2.5 million, mainly related to non cash impairment charges of CHF 2.0 million.

23rd Aug 2016

Hexagon Composites’ fully owned subsidiary, Hexagon Lincoln, has been selected by Daimler AG to supply compressed hydrogen gas (CHG) cylinders for Daimler’s next generation of fuel cell electric vehicle (FCEV). The new Mercedes-Benz GLC F-CELL will be presented in 2017. Type 4 cylinders are the best choice for hydrogen applications because of their...

22nd Aug 2016

Operating income in the three months ended June 30, 2016 at Norway headquartered composites maker, Hexagon Composites slipped 23.7 per cent year on year to NOK 315.6 million. Operating profit before depreciation or EBITDA also fell marginally at NOK 37.0 million in the second quarter of 2016 as against NOK 37.4 million in the same quarter of 2015.

20th Aug 2016

Yukon Partners, a provider of mezzanine capital for middle market private equity transactions, has partnered with Sorenson Capital, a private equity firm, in its investment in Axiom Materials, Inc., a manufacturer of proprietary advanced composite materials and related products for customers in the aerospace and defence, industrial, automotive,...

19th Aug 2016

Following the high growth rates achieved in the past five years, US demand for high performance composites is expected to decelerate and is forecast to rise 5.3 per cent per annum to $10.0 billion in 2020. As per a Freedonia Group survey, this will represent a deceleration from the high growth period of 2010-2015, when composites demand shot up as...

12th Aug 2016

Evolva, a pioneer and global leader in sustainable, fermentation-based approaches to ingredients for health, wellness, and nutrition, has joined hands with the US Navy (NAVAIR research facility, China Lake, California), to develop novel composite materials to focus on the development of a new class of structural composite materials engineered from a...

11th Aug 2016

Composites maker SGL Group’s sales from continuing operations in the six months ended June 30, 3016 amounted to €379.4 million, nearly unchanged from €385.3 million in the first half of 2015. However, EBIT after non-recurring charges turned positive from a loss of €3.3 million to a profit of €9.6 million. But the Group’s net financing result grew...

10th Aug 2016

MIT aerospace engineers have developed carbon nanotubes to strengthen the composites used in Airbus and Boeing jets. Jets are made primarily from advanced composite materials such as carbon fibre reinforced plastic, extremely light, durable materials that reduce the overall weight of the plane by as much as 20 per cent compared to aluminium-bodied...