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helpdesk@lucintel.com    +1-972-636-5056     My Account . Follow us on: Home     About Us        Consulting        Market Reports        Country Research        Lucintel 360        Training    Composites Market Insights, April 20, 2020 Copyright Lucintel, Dallas, TX, USA Tel.: +1-972-636-5056 This newsletter is circulated to more than 12,000 subscribers worldwide. It is sent by subscription only. Spend 5-10 minutes on this newsletter every week and stay on top of your business. To submit your company’s latest developments / news or to announce a job opening, write to editor@lucintel.com. Please forward this FREE newsletter to your friends and colleagues so they will be up-to-date on the current happening in the composites industry. Click the Headlines below for more detail on the news article. News articles are divided into sections such as “Business Development”, “Application Development”,  “Financial”, “Awards and Certifications”,  and “Others”. Business Development Exclusive Supply Agreement Solvay and Honda Solvay signed a long-term exclusive agreement through 2027 with Honda Aircraft for the supply of innovative composites and adhesives to be used across Honda aircraft business jet HA-420 and Elite programs. Solvay will supply Honda with CYCOM 5276-1 prepreg and SURFACEMASTER 905 lightning strike protection surfacing film, two advanced material solutions that help the company achieve its performance and cost targets. “We value our long standing and rewarding relationship with Honda and this ……. Spirit AeroSystems’ Massive Kansas Aircraft Factory to be Powered with Wind Generated Electricity Spirit AeroSystems informed that Kansas public utility regulators cleared a path for the company’s complete conversion to renewable wind-generated electricity for its 12.8 million square-foot Wichita, Kan., aerospace manufacturing site starting this year. Utility regulators at the Kansas Corporation Commission approved a 10-year agreement filed jointly by the company and Evergy, Inc. that provides an updated electric rate structure. In return, Spirit has agreed to purchase Kansas wind-generat ……. Increased Use of KRAIBURG TPEs in Medical Applications due to Coronavirus Pandemic While high-quality thermoplastic elastomers (TPEs) from KRAIBURG TPE are used in many everyday applications such as toothbrushes, razors, automotive components, and others, they have also become indispensable in numerous areas of systemic importance. The current corona pandemic is an increasing challenge for both healthcare and social systems in particular. Currently, our TPEs are used in medical applications such as valves, connections and tubes for ventilators, face masks, respirators, as well ……. Licensing Agreement between KULR Technology and Americase KULR Technology Group, Inc., a leading developer of battery safety and thermal management technologies, signed a new licensing agreement with Americase. This partnership will allow Americase to exclusively utilize KULR’s passive propagation resistant (PPR) technology and source the core materials from KULR to produce its patent pending Battery Bag to prevent lithium-ion battery thermal runaway propagation during storage and transportation. “Together, KULR and Americase are bringing the latest ……. Meridian Adhesives Group Acquires Adhesives Division of John P. Kummer Meridian Adhesives Group (Meridian) apprised of the acquisition of the adhesives division of John P. Kummer GmbH, AG and Ltd (JPK). JPK is a leading European distributor of specialty products for the electronic and medical markets. The acquisition is expected to close on April 30, 2020. JPK supplies materials used in the production of semiconductors, hybrid microelectronics, circuit/electronic assembly, medical devices and optical materials throughout the European market. The adhesives divisi ……. Arris Composites Secures $48.5 Million Series B to Speed up Mass Production of High-Performance Carbon Fiber Products Arris Composites, the pioneer of next-generation composites, apprises of $48.5M in series B funding. Arris will be expanding its proprietary composite manufacturing capabilities and opening facilities in the U.S. and Taiwan, the latter to serve the demand of the consumer electronics industry. Carl Bass, former Autodesk CEO, will join the board of directors as an independent board member. Carl has been involved with Arris since 2017 as an angel investor, advisor and research collaborator while ……. Neenah Inc. Cancels $155M Acquisition Deal for Vectorply Corp. Neenah Inc. is terminating a $155 million deal to acquire an Alabama composite reinforcement fabrics company in Alabama. Alpharetta-based specialty materials company Neenah informed about plans last month to acquire Vectorply Corp., a portfolio company of MSouth Equity Partners, on April 1 for $155 million in cash. But in an April 2 statement, the company informed that it had not closed on the agreement as originally planned. CEO John O’Donnell said, “Regarding our ongoing business during ……. Application Development New Forged Carbon KX3 X1 Computer Mount With a multitude of bicycle computer mounts on the market, there are few distinctions that truly differentiate one product from another. Three-time Olympic Gold Medalist and two-time World Champion, Kristin Armstrong, is applying her motto “excellence is in the details” directly to the recently launched X1 Mount and future components in the KX3 Sports product line. The forged carbon KX3 X1 Mount is manufactured through a compression molding process called Bulk Molding Compound (BMC). After mo ……. Financial Spirit AeroSystems to Release First Quarter 2020 Financial Results on May 6, 2020 Spirit AeroSystems Holdings, Inc. will release its first quarter 2020 financial results at 6:30 a.m. Central Time Wednesday, May 6, 2020. Spirit AeroSystems President and Chief Executive Officer Tom Gentile will be joined by Spirit’s Senior Vice President and Chief Financial Officer Mark Suchinski on a conference call presentation to securities analysts about first quarter 2020 results and company outlook at 10 a.m. Central Time. That presentation will be broadcast online. It will include ……. Gurit’s Net Sales Recorded at 136.1 Million CHF in Q1/2020 Gurit reported its unaudited results for the first quarter of 2020. Total net sales grew by 0.9% on a currency adjusted basis, -4.6% in reported CHF versus Q1/2019. The divestment of automotive effective February 1, 2020 had a negative sales impact of -3.1 million CHF or -2.1% on net sales comparing with Q1/2019. The corona virus pandemic affected the Asian business of Gurit significantly in Q1/2020. All business units, especially the Tooling business suffered travel and supply chain restriction ……. Covestro Adjusts FY 2020 Financial Guidance as a Result of the Coronavirus Pandemic after Reaching its EBITDA Target in Q1 2020 Covestro has been actively executing its crisis management plans in response to the global spread of the coronavirus pandemic and adjusting business operations according to local developments. The Board of Management has taken early and decisive actions to adapt the company to the current conditions, to protect the health of all Covestro employees, to ensure the ability to deliver to customers and to secure its strong liquidity position. As a consequence of the coronavirus pandemic and the in ……. Amid Uncertainty due to COVID-19, Sonoco Reports First Quarter 2020 Results and Withdraws Full-year 2020 Guidance Sonoco reported financial results for its first quarter ending March 29, 2020. First Quarter Highlights • First-quarter 2020 GAAP earnings per diluted share were $0.80, compared with $0.73 in 2019. • First-quarter 2020 GAAP earnings included net after-tax charges of $14.8 million related primarily to restructuring actions and non-operating pension costs. In the first quarter of 2019, GAAP earnings included net after-tax charges of $12.5 million related to restructuring actions and non-ope ……. Awards and Certifications Composites One Presented with 2019 Platinum Award from Great West Casualty Company Composites One LLC was presented the Platinum Award by Great West Casualty Company as part of the 2019 National Safety Awards Program. This is the 18th consecutive year that Composites One LLC has been named an award recipient and the 17th Platinum Award in as many years. The National Safety Awards Program recognizes carriers in similar operations (truckload and less than truckload) with awards based on their year-end preventable accident results. ……. GORE STA-PURE Flexible Freeze Container Receives Medicine Maker Innovation Award W. L. Gore & Associates, Inc., a global materials science company, informed that its ground-breaking GORE STA-PURE Flexible Freeze Container has been recognized as one of the 16 Innovation Award winners by industry magazine, The Medicine Maker. These containers protect bulk drug substances during cold chain handling to temperatures of -86°C (-123°F). GORE STA-PURE Flexible Freeze Containers are constructed of a high-purity, biocompatible fluoropolymer composite film—selected for its durabilit ……. New Reports in Composites Market Published By Lucintel Carbon Fiber Market Report: Trends, Forecast and Competitive Analysis, February 2020 Composites Materials in Tooling Market Report: Trends, Forecast and Competitive Analysis, January 2020 Composites Market Report: Trends, Forecast and Competitive Analysis, January 2020 Flame Retardant Resin in E&E Composites Market Report: Trends, Forecast and Competitive Analysis, January 2020 Carbon Fiber in the Aerospace and Defense Market Report: Trends, Forecast and Competitive Analysis, January 2020 Glass Fiber Reinforced Plastic Market Report: Trends, Forecast and Competitive Analysis, November 2019 BMI Prepreg Market Report: Trends, Forecast and Competitive Analysis, November 2019 Para Aramid Fiber Market Report: Trends, Forecast and Competitive Analysis, November 2019 Epoxy Curing Agents in the Composites Industry Report: Trends, Forecast and Competitive Analysis, October 2019 3D Printing Materials Market Report: Trends, Forecast and Competitive Analysis, October 2019 PET Foam Core Market Report: Trends, Forecast and Competitive Analysis, September 2019 Thermoplastic Prepreg in the Transportation Market Report: Trends, Forecast and Competitive Analysis, September 2019 Polyurethane Resin Composite Market Report: Trends, Forecast and Competitive Analysis, September 2019 Gelcoat Market Report: Trends, Forecast and Competitive Analysis, September 2019 Fiber Sizing Market Report: Trends, Forecast and Competitive Analysis, September 2019 Long Fiber Thermoplastics Market Report: Trends, Forecast and Competitive Analysis, August 2019 FRP Pole Market Report: Trends, Forecast and Competitive Analysis, August 2019 Composite Testing Market Report: Trends, Forecast and Competitive Analysis, August 2019 High Temperature Composite Resin Market Report: Trends, Forecast and Competitive Analysis, July 2019 Composite Surface Film Market Report: Trends, Forecast and Competitive Analysis, July 2019 Composites Repair and Rehab Market for the Construction Industry: Trends, Forecast and Competitive Analysis, July 2019 High Performance Glass Fiber Market Report: Trends, Forecast and Competitive Analysis, July 2019 Prepreg Market Report: Trends, Forecast and Competitive Analysis, June 2019 Non-Woven Textile for Composites Market Report: Trends, Forecast and Competitive Analysis, June 2019 Pultrusion Market Report: Trends, Forecast and Competitive Analysis, June 2019 Low Density SMC Market Report: Trends, Forecast and Competitive Analysis, May 2019 Composite Preforms Market Report: Trends, Forecast and Competitive Analysis, May 2019 Automotive Composite Suspension Components Market Report: Trends, Forecast and Competitive Analysis, May 2019 Glass Fiber Market Report: Trends, Forecast and Competitive Analysis, April 2019 UK Composites Market Report: Trends, Forecast and Competitive Analysis, April 2019 North American FRP Pipe Market Report: Trends, Forecast and Competitive Analysis, April 2019 Composites Cylinder Market Report: Trends, Forecast and Competitive Analysis, March 2019 Others Composite Alliance Group Updates on Annual General and Special Meeting Composite Alliance Group Inc. (formerly CanAsia Financial Inc.) informed that due to the evolving concerns associated with the coronavirus, also known as COVID-19, the Company has organized a conference call whereby shareholders and interested stakeholders can listen to its annual general and special meeting (the “Meeting”) to be held on April 24, 2020, at 3:00 p.m. (Mountain time) at the offices of Burstall LLP, Suite 1600, Dome Tower, 333- 7th Avenue S.W., Calgary, Alberta T2P 2Z1. This is not ……. Toyohashi University of Technology Research on Achieving Strong Structures with Carbon Fiber Reinforced Plastics Researchers of the Structural Engineering Laboratory, Department of Architecture and Civil Engineering, Toyohashi University of Technology have developed a new concept for strengthening steel in critical building structures using bond-free carbon fiber reinforced plastic (CFRP) laminates to enhance the buckling performance of structural steel elements. This method does not require steel surface treatment prior to CFRP application because the CFRP is not bonded onto the surface, which contributes ……. To sponsor this newsletter, write to editor@lucintel.com .Become a part of this powerful and cost-effective marketing tools in growing your business. Guaranteed results. To subscribe for this FREE newsletter, write to editor@lucintel.com with subscribe in the subject line or click: Sign up for our Email Newsletter Please click here to unsubscribe. The content of the newsletter can not be republished without written permission from Lucintel.