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Composites Market Insights, November 29, 2021 |
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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”, “Price Movement”, “Awards and Certifications”, “Events”, “People” and “Others” |
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Business Development |
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Continental Structural Plastics, Inapal, Benet, CSP Victall and Teijin Automotive Center Europe came together under single brand called Teijin Automotive Technologies |
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Five strong organizations – Continental Structural Plastics (CSP), Inapal Plasticos, Benet Automotive, CSP Victall and Teijin Automotive Center Europe (TACE) – have come together under a single brand to form Teijin Automotive Technologies, a global leader in composite materials and solutions for the worldwide mobility industry. Through this rebranding, Teijin Automotive Technologies becomes a proven manufacturer of highly-engineered materials for dynamic market divisions with the ability to s ……. |
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Hexion Holdings to Sell Epoxy Businesses to Westlake Chemical |
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Hexion Holdings Corporation informed that as a result of its ongoing strategic review it has entered into a definitive agreement to sell its epoxy-based Coatings and Composite businesses, which includes the epoxy specialty resins and base epoxy resins and intermediates product lines (together, the “Epoxy Business”) for approximately $1.2 billion to Westlake Chemical Corporation. The Epoxy Business generated total sales of approximately $1.5 billion for the last twelve months ended September 3 ……. |
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Shape’s 3-Axis CNC Machine for Carbon Machining |
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With demand growing for carbon machining, Shape has responded by dedicating a 3-axis CNC machine solely for carbon insert machining. Adrian Mortlock, Managing Director of SHAPE Machining Ltd said, “We were noticing a trend, our customers are requiring more carbon machining, and we can now offer a solution for this.” Mortlock added “Shape have historically machined a variety of composite materials, from GRP panels, CFRP components to Formula-E casings, the expertise gained from this has ena ……. |
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Gulf Craft Unveils World’s Largest Composite Yacht Manufactured from Scott Bader’s High-Performance Products |
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Gulf Craft recently launched the largest composite yacht in the world – Majesty 175. The Majesty 175 is now the largest composite yacht in the world. It’s manufactured from a host of Scott Bader products including; Crystic resins, vinyl esters, gelcoats, Crestamould tooling systems, Crestomer and Crestabond structural adhesives. Scott Bader and Gulf Craft have been working in partnership since 2007 to manufacture their world class range of superyachts. ……. |
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Hindustan Composites Consolidated Net Profit Declines 51.97% in September 2021 Quarter |
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Sales rise 13.23% to INR 50.40 crore. Net profit of Hindustan Composites declined 51.97% to INR 3.65 crore in the quarter ended September 2021 as against INR 7.60 crore during the previous quarter ended September 2020. Sales rose 13.23% to INR 50.40 crore in the quarter ended September 2021 as against INR 44.51 crore during the previous quarter ended September 2020. Particulars Quarter Ended Sep. 2021Sep. 2020% Var.Sales50.4044.51 13 OPM .1315.34 -PBDT6.7912.87 -47 PBT4.6410.62 -56 NP3.657.6 ……. |
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Price Movement |
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Allnex Increases Price of Phenolic Resins, Globally |
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Effective immediately, allnex is globally raising prices of all its phenolic resins, following continued significant increases in energy costs. • PHENODUR prices will be increased by 0.15 euro/kg. • ALNOVOL prices will be increased by 0.30 euro/kg. • ALPEX prices will be increased by 1.00 euro/kg Deviations might be possible on a case-by-case basis. The increase will be applicable on all shipments with immediate effect, or as contracts allow. ……. |
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Awards and Certifications |
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SGL Carbon Receives SPE Innovation Award for Glass Fiber Leaf Spring |
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The Automotive Division of the Society of Plastics Engineers (SPE) in Michigan hosted its 50th annual Automotive Innovation Awards Gala. This year, Ford Motor Co. beat out the rest of the nominees with its innovative spring system for Ford’s F-150 pickup model. The hybrid leaf spring from supplier Rassini was selected as the award winner in the chassis/hardware category. This award also honors the supply chain. SGL Carbon is involved in two aspects of this project: Firstly, with the productio ……. |
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Events |
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Covestro at the TRUSTECH 2021 Trade Fair in Paris |
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Counterfeit protection, data privacy, durability and efficient production of ID documents – these are the key topics Covestro will be addressing at its appearance at TRUSTECH 2021 from November 30 to December 2 in Paris. At booth G025 in Pavilion 5.2, the company will present innovative material solutions with films made of polycarbonate and thermoplastic polyurethane (TPU). ……. |
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Knight Architects and Network Rail — ConstructionAM Keynote |
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Miguel Escallon, Senior Bridge Designer for Knight Architects, and Ahmad Kamara, Senior Design Engineer for Network Rail, have been declared as the latest speaker to join ConstructionAM 2022. The event, taking place on 26th and 27th April 2022, in Manchester, UK, will look at the latest innovation from across the industry. Miguel and Ahmad will present ‘The Flow Bridge – Design, Engineering and Materiality’. Focusing on the intersection between design innovation and performance, Miguel’s use o ……. |
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People |
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Chromaflo’s Keith Tellman Achieves Certified Composites Technician Instructor Status |
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Keith Tellman, Technical Service Representative – Thermosets for Chromaflo Technologies, the premier global provider of colorant technology solutions, recently achieved the prestigious Certified Composites Technician – Instructor certification through the American Composites Manufacturer Association (ACMA). Tellman joins an exclusive group of 51 total certified instructors across the United States. Developed by ACMA, the Certified Composites Technician (CCT) course is the only certification p ……. |
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Others |
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Contract Renewal between EcoSynthetix and a Top Wood Composites Manufacturer and Leading Retailer |
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EcoSynthetix Inc. apprised of an annual contract renewal and purchase orders for continuous monthly volumes of the Company’s bio-based DuraBind resin into 2022 with a top 15 global manufacturer of wood composite products and a leading international retailer. “Consumers, retailers and manufacturers are searching for greener and healthier choices in the everyday items they bring into their homes and we believe our DuraBind technology is the healthiest and most sustainable commercial binder for ……. |
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Researchers from Incheon National University, South Korea Developed Cement-Based Composites that Generate and Store Electricity by Contact Electrification |
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The concept of a smart city, which involves energy-efficient ecosystems that can reduce carbon emissions, save energy, and provide better lives, are no longer a thing of the distant future. In a recent study published in Nano Energy, researchers from Incheon National University (INU), including Prof. Seung-Jung Lee, along with researchers from Kyung Hee University and Korea University, are developing an all-new structural material that can make construction more eco-friendly. The team developed ……. |
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NCC and Nexam Chemical Provide Solution for Using Composites in Extreme Temperatures |
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The National Composites Centre (NCC), in collaboration with Nexam Chemical, has successfully manufactured a composite using a high temperature resin, providing a solution to the challenge of using advanced materials in components that need to withstand extreme temperatures. The NCC’s interdisciplinary expertise in the fields of High Volume Manufacturing, Tooling, Design, Materials Science and Flow Simulation solved the manufacturing challenges existing at elevated temperatures and proved a co ……. |
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