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Composites Market Insights, November 09, 2020 |
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Copyright Lucintel, Dallas, TX, USA Tel.: +1-972-636-5056 |
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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”, “Events”, and “People”. |
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Business Development |
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Long-Term Enterprise Agreement between Solvay and Boeing |
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Solvay’s contract extension covers composites and adhesives across all Boeing commercial and defense aircraft programs. Solvay has been awarded a new long-term enterprise agreement by Boeing. Solvay provides material solutions across all commercial and defense programs at Boeing for applications including primary and secondary structures, interiors and surfacing. Solvay supplies Boeing with a large portfolio of advanced materials including thermoset and thermoplastic composites, adhesives ……. |
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| INOMETA and DYNEXA to Promote Composites in the Oil and Gas Industry |
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| Under the working title INOwell, the companies INOMETA and DYNEXA, both part of German AVANCO Group, join their passion and expertise for composites to customize solutions for the global Upstream Industry, the sector of the Oil and Gas Industry that includes searching for potential underground or underwater crude oil and natural gas fields, drilling exploratory wells, and subsequently drilling and operating the wells that recover and bring the crude oil or raw natural gas to the surface. The pro ……. |
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Creative Composites Supplies Innovative SMC Parts for a New Revolutionary Electric Light Commercial Van |
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Creative Composites starts supplying innovative SMC parts for a new revolutionary electric light commercial van. The unique range of SMC compression molded parts have been chosen for longevity and light weighting to improve fuel efficiency, lower vehicle operating costs and extend the vehicle’s zero power range. The composites manufacturer has been working in collaboration with one of the UK’s leading OEM’s for several years. Together they have developed SMC parts for use in a range of iconic ……. |
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Exclusive Negotiation Period for the Acquisition of Solvay’s Process Materials (PM) Business by Composites One |
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Solvay has entered into exclusive negotiations for the sale of its Process Materials business. The transaction remains subject to prior information and consultation procedures with the employees and approval by the relevant regulatory authorities. Solvay and Composites One LLC have entered an exclusive negotiation period for the acquisition of Solvay’s Process Materials (PM) business by Composites One. The PM business provides a broad array of vacuum bagging materials including bagging films, ……. |
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Pentaxia to Enter Space with Small Launch Orbital Manoeuvring Vehicle (SL-OMV) Project |
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Pentaxia is moving into the space sector and has been selected by Moog Inc. to design and manufacture complex tooling and subsequent composite components for the Small Launch Orbital Manoeuvring Vehicle (SL-OMV) project. The SL-OMV is designed to deploy CubeSat constellations and guide small satellites to their final orbit. The first SL-OMV will be supplied by Moog Inc. to Lockheed Martin as part of the UK Spaceflight Program, supported by the UK Space Agency. The lightweight vehicle is a propul ……. |
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DIEFFENBACHER Larger Thermoplastic Components from Recycled Plastic Materials |
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In July, DIEFFENBACHER GmbH Maschinen- und Anlagenbau from Eppingen, Germany, received an order from a U.S. customer to manufacture an LFT-D line that includes a hydraulic press from the Fiberpress series. The modified extrusion technology upstream of the press will enable the line to produce high volumes of thermoplastic components larger than previously possible. The new line will be the highest capacity line of its type. It will produce LFT-D extrudates with only one machine (Typical LFT-D ……. |
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Concordia University Leverages Swiftcomp, VABS Software for Thermoplastic Composite Helicopter Landing Gear |
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AnalySwift, LLC, a provider of efficient high-fidelity modeling software for composites, informed that Concordia University is participating in its recently launched Academic Partner Program (APP), and it is using its two products, the VABS and SwiftComp simulation software, for researching composite tubes, particularly those used in helicopter landing gear. The research is taking place in the Concordia Centre for Composites (CONCOM), a research group in the Gina Cody School of Engineering and C ……. |
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Composites UK Join Hands with I3p to Facilitate Uptake of Fiber Polymer Composites in Construction |
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Composites UK has teamed up with i3P to launch a dedicated composites portal for the i3P community, a group of 30 leading organizations in infrastructure, including asset owners such as HS2, Network Rail and Highways England, and major players such as Atkins Ltd, Jacobs and WSP. In this exciting new initiative, the first group of Composites UK member companies has now added their details and projects to the i3P portal: • Bitrez • Cecence • CRC Ltd • Creative Composites • Finnester Coat ……. |
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Firefly Aerospace to Automate Composite Rocket Production with Ingersoll Machine Tools |
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Firefly Aerospace, Inc. apprised of a substantial commitment to increase its manufacturing capacity by transitioning large parts manufacturing to Automated Fiber Placement (AFP) Mongoose Hybrid systems from Ingersoll Machine Tools beginning next year. Once fully operational, Firefly’s AFP capabilities will enable it to produce its all-composite Alpha rocket airframe in as little as fourteen days. Firefly will install the first of two planned AFP systems in May 2021 at its manufacturing and te ……. |
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Continuous Composites Opens a 7,500 Square Foot New Manufacturing Facility |
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Continuous Composites apprised of their opening of a 7,500 sq-foot facility for research, development, and additive manufacturing in Coeur d’Alene, Idaho. The new building demonstrates their patented Continuous Fiber 3D Printing (CF3D) technology at the largest scale to date, increasing their previous build volume by 25 times. An unveiling of the newly launched demonstration facility will debut at Formnext Connect 2020 during the virtual event on November 10-12. Over the past five years, Cont ……. |
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Nexeo Plastics Signs EMEA Distribution Agreement with KuibyshevAzot Affiliate |
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Nexeo Plastics, a leading global thermoplastics resin distributor, has signed an agreement with STFG Filamente GmbH, an affiliate of KuibyshevAzot, a Russian-based chemicals company, to distribute their polyamide 6-based (PA6) products throughout Europe. “We are excited to join with Nexeo Plastics and become part of their extensive distribution network, providing our customers more choices and outstanding customer service across Europe,” said Dmitriy Rybkin, director of marketing. “The Volgam ……. |
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Application Development |
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The PAL-V Liberty Flying Car Designed with Composites Ready to Hit the Road, and the Sky Soon After |
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PAL-V started flying and driving its flying car test prototypes back in 2012. That testing led to PAL-V designing its first flying car to be available commercially, the Liberty. The PAL-V’s hybrid composite chassis is made of carbon fiber body composites which work in tandem with air-hardened, heat-treated steel tubing. The Liberty recently passed the European road admission tests including a rigorous and extensive drive test program carried out on test tracks verifying performance in high-sp ……. |
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Financial |
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Arkema Reports Sales of 1.9 Billion Euros |
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Strong improvement in the Group’s volumes compared to the second quarter and excellent cash generation in an environment which remains uncertain. • Sales of 1.9 billion Euros (2.2 billion Euros in Q3’19): 9% decline at constant scope and currency (-18% in Q2’20), in line with the guidance of around -10% issued end July. Negative volume effect of 4.4% Rebound in the construction and decorative paints markets. Industrial markets remain well down overall, despite growth in certain niches with ……. |
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Core Molding Technologies Reports Significant Increase in Third Quarter 2020 Earnings and New Credit Facility |
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Core Molding Technologies, Inc. declared the results for the third quarter ended September 30, 2020. The Company reported net income for the third quarter of 2020 of $3.3 million, a $9.4 million improvement compared to the $6.1 million loss reported for the same period in 2019. The net income increase was largely driven by operational improvements as well as lower interest and tax expense. The results for the first nine months of 2020 reflect the operational improvements the Company made duri ……. |
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TPI Composites, Inc. Records Net Sales Increase by 23.5% in Third Quarter 2020 |
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Highlights for the quarter ended September 30, 2020: • Net sales of $474.1 million • Net income of $42.4 million or $1.13 per diluted share • EBITDA of $27.2 million • Adjusted EBITDA of $49.1 million Third Quarter 2020 Financial Results Net sales for the three months ended September 30, 2020 increased by $90.3 million or 23.5% to $474.1 million compared to $383.8 million in the same period in 2019. Net sales of wind blades increased by $97.9 million or 27.8% to $450.1 million for th ……. |
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Trex Company Reports Third Quarter 2020 Results |
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Third Quarter Highlights – Consolidated net sales increased 19% to $232 million – Consolidated gross margin of 36.7%; excluding the warranty reserve charge, consolidated gross margin of 39.5% – Consolidated diluted earnings per share of $0.37; excluding the warranty charge, diluted earnings per share of $0.41 – Consolidated EBITDA margin of 26.6%; excluding the warranty charge, consolidated EBITDA margin of 29.4% Trex Company, Inc., the world’s number-one brand of composite decking and ra ……. |
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Awards and Certifications |
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PPG PR-2930 Structural Adhesive Wins 2020 Innovation Award |
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PPG informed that PPG PR-2930 structural adhesive received the 2020 Innovation Award from The Adhesive and Sealant Council (ASC) during the virtual 2020 ASC Convention and EXPO. PR-2930 is a state-of-the-art structural adhesive technology that provides composite armor systems with unparalleled performance in the harshest operating environments. Through innovative material design PPG researchers were able to push performance boundaries to achieve high flexibility without sacrificing overall ad ……. |
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Events |
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Hexcel Webinar: Composite Materials for Missiles and Launchers |
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Webinar Date: November 18, 2020 Time: 9 am MST Launching satellites, payloads, and or weapons into space creates the ultimate performance challenge for composite materials. In addition to low weight and high stiffness, the materials also need to withstand extreme temperature fluctuations while maintaining shape and function, high dynamic and vibration loads at launch and re-entry, and very high temperatures for hypersonic systems. The webinar will review the materials requirements for missiles ……. |
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People |
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Eric Trimble Joins Spartech as Business Development Manager, Aerospace |
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Spartech, a leading manufacturer of engineered thermoplastics and custom packaging solutions, informed that Eric S. Trimble has joined Spartech as Business Development Manager, Aerospace. In his new role, Eric will be responsible for developing new business opportunities, strategic planning, collaborating with sales and marketing teams, presenting new products and services and building relationships with new and existing clients. ……. |
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New Reports in Composites Market Published By Lucintel |
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- FRP Panel Market Report: Trends, Forecast and Competitive Analysis, May 2020
- Technology Landscape, Trends and Opportunities in 3D Printing Material Market, March 2020
- High Performance Nylon for Tribology Market Report: Trends, Forecast and Competitive Analysis, March 2020
- European Automotive Composites Market Report: Trends, Forecast and Competitive Analysis, March 2020
- 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
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