Home / News / 4M Carbon, Montefibre Carbon to join hands

4M Carbon, Montefibre Carbon to join hands

25
Oct '19
Pic: 4M Carbon corp
Pic: 4M Carbon corp
4M Carbon Corp and Montefibre Carbon Fibre are all set to become partners with an aim to disrupt the carbon fibre industry by combining Montefibre's ultra-large tow precursor and 4M's low-cost carbon fibre production technology to produce the world's lowest-cost industrial-grade carbon fibre. The two are in the process of finalising a letter of intent.

The letter of intent (LOI) is meant to establish a partnership, including a potential US-based joint venture (JV). 4M is currently a fully reporting SEC entity, which will accelerate a combined 4M/Montefibre IPO and listing in the US.

4M's patented technology reduces the initial investment of a carbon fibre manufacturing line by up to fifty per cent and ongoing operating cost savings by greater than thirty per cent which will enable rapid growth of low-cost carbon fibre capacity.

Montefibre's ultra-large tow technology, with the full support of the Spanish government, significantly reduces carbon fibre precursor cost by exponentially increasing volume throughput.

"4M and Montefibre's JV addresses the biggest issues preventing large-scale adoption of carbon fibre for industrial applications that will benefit greatly from the strength and light weight of carbon fibre," said Garo Artinian, 4M board member and chief advisor. According to Alfonso Cirera, president of Montefibre Carbon, "This JV will make an important contribution to the competitiveness of American industry and its global leadership in composites."

4M will continue to implement its acquisition strategy of acquiring synergistic downstream carbon fibre conversion companies to build enterprise and shareholder value. Montefibre will continue to increase its carbon fibre precursor production capacity with the support of the Spanish government.

4M Carbon Fiber Corp is a Delaware Corporation based in Knoxville, Tennessee. Montefibre Carbon Fiber is based in Miranda de Ebro, Spain.

Fibre2Fashion News Desk (SV)

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