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Composites Market Insights, February 15, 2021 |
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Copyright Lucintel, Dallas, TX, USA Tel.: +1-972-636-5056 |
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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. |
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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”, ” Events”, “People”, and “Others”. |
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Business Development |
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Krayden, Inc. Acquires Northern Composites |
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Krayden, Inc., a leading Distributor of Specialty Chemicals to the Aerospace, Electronics, Transportation and Industrial sectors, has acquired Northern Composites of Hampton, NH. Northern Composites is a distributor of premium quality composite materials and a manufacturer of Northern Composites branded vacuum bagging materials and accessories. Their products include: Process Materials, Prepregs, Woven Reinforcements, Component Resins, Release Agents, Structural Reinforcements, Surface Treatm ……. |
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IntegriCo Composites Expands Product Line with Continued Focus on Recycled Plastic Sustainability Solutions
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| IntegriCo Composites, a leader in the composite industrial products manufacturing industry, apprised of its strategic expansion plan that includes entering two high-growth markets – pipeline skids, and construction matting parts – following a comprehensive review of key markets. The expansion into new markets with strong growth potential builds on IntegriCo’s track record for manufacturing high performance rail industry products that have a positive environmental impact. These new products wi ……. |
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Innovative Sanitized BroadTect Product Durably Protects Polymers against Wide Range of Microorganisms |
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Polymers can be protected against all relevant microorganisms with just a single antimicrobial product: Protection against gram-positive and gram-negative bacteria, mold and mildew, yeasts, and even algae. This newly developed product by SANITIZED AG has high temperature resistance and is suitable for thermoplastic processing methods such as extrusion processes or injection molding. The new Sanitized product from the BroadTect portfolio features durable antimicrobial protection that is effective ……. |
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Solico Expands Team in Response to Strong Demand for its Composite Engineering Services |
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Solico, a leading composite engineering specialist for the Maritime, Architectural, Defense, and Industrial sectors, has expanded its engineering team in response to strong demand for its bespoke composite engineering services for clients such as Rondal and Royal Huisman. With immediate effect, Solico has welcomed two new composite engineering specialists to its team, with a total of 16 engineering personnel now operating from the company’s headquarters in Oosterhout, Netherlands. Despite cha ……. |
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Polytek Development Corp. Acquires Endurance Technologies |
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Polytek Development Corp., a manufacturer of specialty polymers for mold making, casting, and coating applications, apprised of the acquisition of Endurance Technologies. Polytek is a portfolio company of Arsenal Capital Partners. Based in South St. Paul, Minnesota, Endurance Technologies has decades of formulation and manufacturing experience with a strong focus on polyurethane and epoxy systems. Their brands are well-known throughout industrial and consumer sectors, with formulations for c ……. |
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ICP DAS Biomedical Polymers to Offer Taiwan High-Quality Medical TPU |
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ICP DAS- Biomedical Polymers (“ICP DAS-BMP”) is a medical TPU supplier in Taiwan. The company has begun to offer its medical thermoplastic polyurethane (TPU) to the medical devices market worldwide. The medical TPU offered by ICP DAS-BMP can be used in diverse fields such as cardiology, urology, orthodontics, wound care, and many other applications. There are three main types of medical TPU, namely Alithane ALP series, Durathane ALC series and Arothane ARP series. Product Types • Alitha ……. |
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Boston Materials Starts 60-Inch-Wide Industrial-Scale Production of its Patented Z-axis Carbon Fiber Materials |
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Boston Materials, manufacturer of advanced lightweight materials, has started shipping Z-axis carbon fiber products made with its new 60-inch-wide roll-to-roll manufacturing line to customers in the North America and Europe. The first shipments include the company’s SUPERCOMP product, a high-performance 3D carbon fiber material that is designed to enhance vibration damping, energy dissipation, and manufacturability of lightweight composite structures. Boston Materials also announced the li ……. |
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Triumph Group Expands Aerospace Structures Divestitures to Arlington Capital Partners Selling Its Red Oak Texas Operations |
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Triumph Group, Inc. has entered into a definitive agreement to sell its Red Oak, Texas operations to Arlington Capital Partners. The sale includes the Red Oak facility, together with its thermoplastic engineering capabilities. Arlington Capital Partners will combine the Red Oak business with the composites facilities it is separately acquiring from Triumph pursuant to a previously declared agreement. “With the sale of Triumph’s Red Oak and composites operations, Triumph continues to execute o ……. |
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Application Development |
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Spartech Delivers Specialty Waterproof Plastics for Luxury Marine Industry Applications |
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Spartech, a leading manufacturer of engineered thermoplastics and custom packaging solutions, recently supplied specialty waterproof plastics to Duo Form, an Edwardsburg, Michigan-based thermoformer, for a marine industry application. To meet Duo Form’s material specifications needed for a luxury pontoon boat dashboard, Spartech utilized existing materials to deliver a high-end, soft-touch and water-tight plastics formula. This premium specialty plastic mimics vinyl and leather textures and i ……. |
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Hamee Corporation Reinvents Mobile Phone Cases with BASF’s Elastollan TPU |
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Hamee Corporation, a leading Japanese brand for mobile device accessories, has unveiled a new line of custom-designed protective cases made with BASF’s Elastollan thermoplastic polyurethane (TPU) for the new iPhone 12 and iPhone 12 Pro. Due to its high durability, anti-yellowing, and excellent transparency, Elastollan is a preferred material for protective cases that enable extreme clarity and enhanced aesthetics. “The newly introduced HIGHER smartphone accessory is an example of our ongoing ……. |
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Financial |
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Albany International Reports Strong Fourth-Quarter 2020 Results |
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Albany International Corp. reported operating results for its fourth quarter of 2020, which ended December 31, 2020. “Albany International finished 2020 with another strong quarter, particularly in light of the challenging business conditions in some of our end markets,” said Albany International President and Chief Executive Officer, Bill Higgins. “Our operations performed exceptionally well for customers and shareholders. Both segments delivered impressive profit margins despite top-line he ……. |
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Hindustan Composites’ Consolidated Net Profit Rises 59.15% in December 2020 Quarter |
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Sales rise 17.16% to INR 51.27 crore Net profit of Hindustan Composites rose 59.15% to INR 4.87 crore in the quarter ended December 2020 as against INR 3.06 crore during the previous quarter ended December 2019. Sales rose 17.16% to INR 51.27 crore in the quarter ended December 2020 as against INR 43.76 crore during the previous quarter ended December 2019. For identifying growth opportunities for Composites in Global Aerospace Market, please visit http://www.lucintel.com/composites-in-ae ……. |
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Huntsman Reports Fourth Quarter and Full Year 2020 Earnings; Strong Recovery with Solid Cash Flow |
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Fourth Quarter Highlights • Fourth quarter 2020 net income of $360 million compared to net income of $308 million in the prior year period; fourth quarter 2020 diluted earnings per share of $1.54 compared to diluted earnings per share of $1.34 in the prior year period. • Fourth quarter 2020 adjusted net income of $113 million compared to adjusted net income of $65 million in the prior year period; fourth quarter 2020 adjusted diluted earnings per share of $0.51 compared to adjusted diluted e ……. |
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Events |
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International Composites Summit Launched |
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The International Composites Summit, co-organized by Composites UK and Fluency Marketing, has just been launched and will take place on September 8th-9th in London, UK. The event, which focuses on reinventing the global supply chain for composites, will bring together companies concentrating on worldwide opportunities for sales and growth. Primarily an exhibition for the composites industry, there will also be open forum sessions to showcase speakers, who are invited to share success stori ……. |
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New Reports in Composites Market Published By Lucintel |
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- Composites Distributor Market Report: Trends, Forecast and Competitive Analysis, January 2021
- MENA Composites Market Report: Trends, Forecast and Competitive Analysis, October 2020
- 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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People |
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Owens Corning Elects Paul Martin to Board of Directors |
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Owens Corning informed that Paul E. Martin, former Senior Vice President and Chief Information Officer for Baxter International Inc., has been elected to the company’s Board of Directors. “We are pleased to welcome Paul to our Board of Directors,” said Brian Chambers, Chairman and Chief Executive Officer. “Along with his global business experience, Paul’s broad technology expertise will bring significant value and insights to our Board and company.” Mr. Martin has been appointed to serve o ……. |
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Continental Structural Plastics’ CEO Named General Manager, Composites Business Unit for Teijin |
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Continental Structural Plastics (CSP), a Teijin Group Company, informed that Steve Rooney, CEO, has been promoted to General Manager of the Composites Business Unit of Teijin Limited. In this expanded role, Rooney will report directly to Akimoto Uchikawa, who has been named President of the Materials Business. Steve will continue to be a Teijin Group Corporate Officer, while Uchikawa becomes a Teijin Group Executive Officer. As general manager of the Composites Business Unit, Rooney will n ……. |
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Others |
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PlastIQ Training Center in Belgium Commissions ENGEL Machines |
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Injection molding machine manufacturer and automation expert ENGEL, headquartered in Austria, is supporting the training and further education of specialists in the plastics industry in Belgium. Educational institution PlastIQ has taken delivery of two injection molding machines with comprehensive inject 4.0 packages. Both future and experienced injection molding experts are trained. An ENGEL victory 330/80 tie-bar-less machine was commissioned at PlastIQ’s Circular Material Center in Kortrij ……. |
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