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Composites Market Insights, May 11, 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”, “New Material”, “Application Development”, “Financial”, “Awards and Certifications”, “Events”, “People”, and “Others”. |
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Business Development |
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Agreement between Covestro and Teknor Apex |
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Covestro and global plastics compounder Teknor Apex intend to cooperate closely on compounding thermoplastic polyurethane (TPU) and have signed a cooperation agreement to this effect. TPU is an extremely versatile plastic, which Covestro has been producing in pure form for many years for use in various industry sectors. Through compounding, i.e. mixing with other materials, the array of achievable properties can be increased considerably further. This is a particular strength of Teknor Apex. ……. |
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Agreement between Celanese and Wanwei to Supply Ethylene-Based Vinyl Acetate Monomer (VAM) |
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Celanese Corporation has recently signed a memorandum of understanding for a long-term commercial agreement with Anhui Wanwei Group Co., Ltd., (Wanwei), based in Chaohu, China, to supply Wanwei with Celanese’s green technology-based, ethylene-based vinyl acetate monomer (VAM) to support approximately 50 percent of the company’s captive product needs in the manufacture of chemicals, fibers, and new material in Anhui Province, China. Under the terms of the agreement, Celanese will supply Wanwei ……. |
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Series Production of GFRP Pressurized Water Pipes at DYNEXA for Industrial Series Applications |
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The use of glass fiber reinforced plastic (GFRP) in pressurized water pipes allows high internal pressures to be absorbed. These GFRP pipes are used, among other things, in water treatment and seawater desalination plants. These products are used efficiently due to their low running costs: • Reduction of cleaning costs: The smooth surface is easy and quick to clean and a longer cleaning interval is advantageous. • Savings in installation costs: GRP pipes are lightweight, can be installed fa ……. |
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INOMETA’s Roller Service Drives Maximum Performance |
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Guide rollers and functional rollers are subject to constant wear caused by their own actual functions, meaning that process reliability can no longer be guaranteed. INOMETA has made roller servicing for older rollers more professional – this ensures that it is not necessary to replace the roller body, which is often expensive, so that there is no need to counterbalance the resulting waste of resources. Due to standardization of processes, confirmed by extensive incoming inspections using tes ……. |
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Ecoinno Raises US$6 Million in Series A1 Funding from Alibaba Entrepreneurs Funds |
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Ecoinno (H.K.) Limited, a Hong Kong-based green material company focused on providing alternatives to single-use plastics, apprised of the closing of a US$6 million Series A1 funding from the Alibaba Hong Kong Entrepreneurs Fund and Alibaba Taiwan Entrepreneurs Fund II. Ecoinno will utilize these funds to begin industrial-scale production of its proprietary Green Composite Material (GCM) and to strengthen its material research and engineering platform to help meet pressing consumer packaging ……. |
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MSD Design and GRP Aberdeen Manufacture GRP Composite Building System |
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In light of the ongoing international refugee and pandemic crisis, MSD Design Ltd and GRP Aberdeen Ltd have designed and manufactured an insulated GRP composite building system that can be delivered to anywhere in the world. These buildings can be erected very quickly onto pre-formed concrete bases or pads and can be any length or breadth required, and can be used as hospitals, schools, covered workshop areas, factories, storage facilities or canteens. For identifying Growth Opportunities ……. |
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New Material |
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Researchers at Iowa State University’s DevelopNew Class Liquid Metal Soft Composites for Wearable Electronics |
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Soft composites consisting of liquid metal (LM) droplets have shown outstanding promise to create new materials for soft and stretchable electronics and robotics. However, techniques to control droplet shape and orientation are lacking, which ultimately limits the properties of the materials. A team led by Iowa State University’s Michael Bartlett has created a new composite, called a liquid metal programmed elastomer (LMPE), where liquid metal can be loaded up to 70% in precise, programmable ……. |
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Application Development |
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Inman Park MARTA Station Pedestrian Bridges Get FRP Makeover |
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In 2017, the Metropolitan Atlanta Rapid Transit Authority (MARTA) and the City of Atlanta launched a $2.5 billion expansion program in public transit—the largest in 40 years. The investment included the rehabilitation of two pedestrian bridges servicing the Inman Park/Reynoldstown Station on the Blue and Green Line. The North/DeKalb Avenue entrance gives pedestrians safe passage over vehicle traffic while the South/Seaboard Avenue entrance ferries commuters across railroad tracks. In 2020, the t ……. |
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Financial |
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Ashland Reports 9% Decline in Sales versus Prior-Year Quarter |
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Ashland Global Holdings Inc. released preliminary1 financial results for the second quarter of fiscal 2020 ended March 31, 2020. As expected, the Ashland portfolio performed well during the quarter, despite the global macroeconomic uncertainty brought on by the COVID-19 pandemic. Sales were $610 million, down 9 percent versus the prior-year quarter, with the legacy Pharmachem business and previously communicated prior-year business losses in oral care representing approximately half of this d ……. |
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TPI Composites, Inc. Reports 19.0% Increase in Net Sales |
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TPI Composites, Inc. reported financial results for the first quarter ended March 31, 2020. Highlights for the quarter ended March 31, 2020: • Net sales of $356.6 million • Net loss of $0.5 million or $0.01 per share • EBITDA loss of $2.7 million • Adjusted EBITDA of $1.3 million Net sales for the three months ended March 31, 2020 increased by $56.9 million or 19.0% to $356.6 million compared to $299.8 million in the same period in 2019. Net sales of wind blades increased by 21.4% to $ ……. |
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Solvay Reports Strong Performance Despite COVID-19 Impact |
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Highlights • Strong performance with underlying EBITDA of 569 million Euros, similar to Q1 2019 level, despite a -20 million Euros impact from COVID-19 in China. • Good demand across many markets including healthcare, home and personal care, agro, food, automotive, and military sectors helped to mitigate the challenging oil and gas market. • Positive pricing and cost mitigation actions improved EBITDA margin 0.8pp to 23%. • Strong cash generation of 202 million Euros, up significantly vers ……. |
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Exel Composites’ Q1 2020: Profitability Improved; Guidance Withdrawn |
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Q1 2020 in brief • Order intake increased by 22.6% to EUR 34.5 million (Q1 2019: 28.2). • Revenue increased by 2.6% to EUR 27.8 million (27.1). • Adjusted operating profit increased to EUR 2.1 million (2.0), which is 7.5% of revenue (7.2). • Operating profit increased to EUR 1.9 million (0.4), which is 6.7% of revenue (1.5). • Earnings per share amounted to EUR 0.06 (-0.04). • Guidance for the full year 2020 (withdrawn) As a consequence of increased uncertainty and poor short term ……. |
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Awards and Certifications |
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Elementum 3D Achieves ISO 9001 Certification |
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Elementum 3D, a developer and supplier of groundbreaking metal additive manufacturing (AM) materials, has achieved ISO 9001:2015 certification for quality management. The scope of Elementum 3D certification, issued through Denver-based ISO 9001 management certification firm Platinum Registration, Inc., includes the design and manufacture of advanced metals, superalloys, and composites; development of new manufacturing processes; and the manufacture of prototype and production parts to custome ……. |
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Hexion Wins ACC Responsible Care Awards in Two Categories, 13 Facilities Recognized |
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Two programs and 13 facilities at Hexion Inc. were recently named Responsible Care award winners and honored for excellence in waste minimization and energy efficiency by the American Chemistry Council (ACC). The ACC declared the Hexion awards at its virtual 2020 Responsible Care & Sustainability Conference & Expo: Waste Minimization Category: In 2019, Hexion’s Springfield site was able to reduce wash water disposal (and freshwater usage) by 95 percent of disposal volumes the previous year ……. |
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Hexcel’s HexPly M79 Prepregs Receive Type Approval Certification from DNV GL |
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Hexcel received the Type Approval Certification of its HexPly M79 prepreg materials by DNV GL. This important third party verification allows HexPly M79 materials to be used in all DNV GL classed vessels and provides ship and boat builders with additional independent assurance of the product’s quality, performance and consistency. HexPly M79 prepregs are particularly well suited to marine composite applications since they can be cured at temperatures as low as 70˚C for eight hours or 80˚C for ……. |
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New Reports in Composites Market Published By Lucintel |
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- Technology Landscape, Trends and Opportunities in 3D Printing Material Market, April 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
- 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
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Events |
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Composites Europe Becomes “Composites for Europe” |
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New name, new concept, and new opportunities: Composites Europe becomes “Composites for Europe”. 10 to 12 November will see the business summit for composite materials take off with a new format and fresh ideas. In future, the event in Stuttgart will focus especially on small and medium-sized companies, innovative start-ups and on the strong composites market in the D-A-CH region (Germany-Austria-Switzerland). “The market is changing – with Composites for Europe we are opening up a new chapt ……. |
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TPI Composites’ 2020 Annual Meeting of Stockholders Will be Virtual |
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TPI Composites, Inc. informed that due to the public health and safety concerns related to the novel coronavirus (COVID-19) pandemic and to support the health and well-being of the Company’s directors, employees and stockholders, the location of the Company’s 2020 Annual Meeting of Stockholders (including any adjournments or postponements, the “Annual Meeting”) has been changed to a virtual format only. As previously notified, the Annual Meeting will be held at 1:00 p.m., Arizona local time, ……. |
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People |
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Kaman Corporation Promotes Rebecca Stath and Lisa Barry |
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Kaman Corporation apprised of the promotions of Rebecca Stath to the Vice President of Accounting & Principal Accounting Officer, and Lisa Barry to Vice President of Financial Planning & Analysis, both reporting to Robert Starr, Executive Vice President and Chief Financial Officer. Both Stath and Barry have made important contributions to Kaman’s success during the course of their careers and were recently tasked with leading Kaman’s efforts to redesign the company’s finance and accounting pr ……. |
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Zane Clark Named CEO of SAMPE North America |
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The Society for the Advancement of Materials and Process Engineering (SAMPE) North America, informed that its CEO Search Committee has selected Zane Clark to be SAMPE’s new CEO, effective June 15. SAMPE’s current CEO and Executive Director, Gregg Balko, declared his retirement in December, and will be staying on until July 1 to ensure a successful transition. In his new role, Clark will be responsible for leading SAMPE’s dedicated team of professionals while increasing membership value to i ……. |
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Carlisle Companies Elects D. Christian Koch Chairman of the Board and Gregg A. Ostrander Lead Independent Director |
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Carlisle Companies Incorporated informed that its Board of Directors elected D. Christian Koch as Chairman of the Board, effective immediately, succeeding David A. Roberts, who retired from the Board today in accordance with the Board’s mandatory age 72 retirement policy. Mr. Koch also remains as the Company’s President and Chief Executive Officer, offices to which he was appointed in January 2016. Mr. Roberts served as the Company’s Chairman, President and Chief Executive Officer from June 2 ……. |
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Others |
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Frewer Engineering Develops Further Links with Composite Component Manufacturers |
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Frewer’s Advanced Composites team is developing further links with composite component manufacturers to enable the company to provide a “turnkey” solution to its customers for design & make. Designing lightweight composite aero engine intakes is a regular feature for its composites team. These intakes hold a variety of aerodynamic measuring instrumentation to investigate fan flutter, cross wind effects and quality of air presentation. All this is leading to more efficient air vehicles. The ……. |
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Composites UK Opens Nominations for 2020 Awards |
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Composites UK have released the nomination forms for its 2020 Industry Awards. The categories include innovation in composite design, manufacture and materials, as well as recognizing start-up businesses, health and safety practices, sustainability projects, and investment in employees. Exceptional employees and trainee/apprentices will also be showcased. Entry into the awards is free-of-charge; however the shortlisted two companies/individuals in each category will be expected to attend the ……. |
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Advanced Manufacturing Innovation Helps Industry in COVID-19 Fight |
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Researchers at the Department of Energy’s Manufacturing Demonstration Facility and Carbon Fiber Technology Facility at Oak Ridge National Laboratory are using their materials science, fiber production and additive manufacturing expertise and capabilities to produce tooling such as custom molds for injection molding to provide U.S. industry with the necessary resources to mass produce healthcare supplies in record time. IACMI is proud to support the collaboration between national laboratories, un ……. |
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