29th Jan 2024
Hexcel Corporation reported a 13.4 per cent sales increase in FY23, reaching $1,789 million. The company’s gross margin improved to 24.2 per cent, with adjusted operating income at $216.7 million in FY23. In the fourth quarter of FY23, sales were $457.5 million, with a gross margin of 22.5 per cent. Q4 adjusted operating income was $49.1 million.
22nd Jan 2024
Braskem and WEAV3D's Automotive Door Prototype Named Finalist in JEC Composites Innovation Awards 2024. The innovative prototype, utilising WEAV3D's lattice reinforcement with Braskem PP, offers lighter and cost-effective thermoplastic solutions for vehicle structures. Winners will be announced on Feb 8, with the prototype on display at JEC World...
14th Nov 2023
The JEC Group and EuCIA have signed a three-year agreement to promote composite materials in Europe, focusing on a net-zero future. This partnership will enhance networking, market intelligence, and industry-wide communication. They will co-produce the 2023 JEC Composites Sustainability Report and introduce new initiatives at JEC World 2024.
23rd Oct 2023
The European Commission recently extended a 2020 EU regulation imposing definitive anti-dumping duties on imports of certain woven and stitched glass fibre fabrics from China and Egypt. These measures were also extended by the Commission to imports of the same products from Turkiye, whether declared as originating in Turkiye or not, with some...
20th Oct 2023
Ahmedabad University and ATIRA have joined forces to enhance education and research in technical textiles and composites. A two-year master of technology programme in composites at the university will be a highlight of the collaboration. This programme will provide in-depth knowledge in mechanics, design, manufacturing, and testing of composite...
3rd Sep 2023
Teijin Limited is selling its Japanese subsidiary GH Craft to TIP Composite, aiming to focus on its North American operations. Acquired in 2008, GH Craft has been crucial in composite material design for aerospace, automotive, and railway sectors. Teijin, facing profit shortfalls due to various factors, is reallocating resources to North America.
18th Jul 2023
Scientists have developed mycocrete, a composite material made of mycelium, the root network of fungi and knitted textiles. The mycocrete is stronger and more versatile than previous biomaterials, offering potential for eco-friendly construction. The knitted molds provide a flexible framework for growing the mycelium, allowing for diverse shapes...
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.