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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, August 03, 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”, “New Material”, “Technology Development”, “Financial”, “Price Movement”, “Awards and Certifications”, and “Others”. Business Development BAE Systems Awarded F-35 Contracts to Avcorp Avcorp Industries Inc. has been awarded contracts by BAE Systems for the assembly of the F-35 Carrier Variant (CV) Outboard Wing. The total contract awards are approximately $87 million CAD. These contracts extend Avcorp’ s current long-term contract with BAE Systems into 2022. The Avcorp Delta BC facility is the single source supplier for the F-35 CV-OBW assembly under contract with BAE Systems with delivery of the assemblies directly to Lockheed Martin in Ft Worth Texas. The Outboard Wing ……. Yutong and BASF Introduce Advanced Polyurethane-Based Seating for Buses Yutong Bus Co., Ltd. (Yutong), the world’s leading bus manufacturer, and BASF have jointly developed an advanced polyurethane (PU) based seating for high-end, new-energy buses. Optimized to provide improved flame-retardant properties, the seating made with BASF’s Elastoflex PU complies with the European directive “ECE Regulation No.118” for flame resistance. “This is the first time BASF has developed an integrated PU seating system that improves passenger safety and comfort in electric buses ……. Huntsman’s Advanced Materials Business Extends Partnership with Azelis in the Americas Huntsman’s Advanced Materials business apprises of the expansion of our Pan-American business relationship with our preferred distribution partner, Azelis Americas CASE, LLC in the US and Azelis Canada, Inc. in Canada. With this agreement, Azelis will lead the distribution arm of the Coatings, Adhesives, Sealants & Elastomers (CASE) business for Advanced Materials, both in the United States and Canada. This differentiated customer offer includes all of Huntsman’s legacy CASE business and CVC Th ……. Arkema Reinforces Its Strategic Partnership with Continuous Composites Arkema is strengthening its partnership with Continuous Composites, creator of Continuous Fiber 3D Printing technology (CF3D). Arkema has invested in the American start-up to rapidly advance the development of 3D composite manufacturing, a groundbreaking innovation for strong, lightweight structures. Continuous Composites is a pioneering technology company that has reinvented composite manufacturing techniques using their extensively patented CF3D technology with a complete solution including ……. Haworth and BASF Launch Enhanced Edition of Zody Haworth, a leading furniture designer, together with BASF, has introduced an enhanced edition of its signature desk chair, Zody. Made with BASF’s innovative Ultramid polyamide materials, and optimized with BASF’s proprietary simulation tool Ultrasim, the award-winning desk chair is now even lighter, yet stronger and more durable. The versatility of BASF’s advanced material solution Ultramid opens up design possibilities for furniture manufacturing, enabling Haworth to explore its full potenti ……. Ashland to Divest Maleic Anhydride Business to AOC Materials, LLC for $100 Million Ashland Global Holdings Inc. apprises of a definitive agreement to sell the company’s maleic anhydride business and manufacturing facility in Neal, West Virginia to AOC Materials LLC, for $100 million. Maleic anhydride is manufactured industrially on a large scale for applications in coatings and polymers. The maleic anhydride business was previously excluded from the sale of Ashland’s Composites business and the butanediol (BDO) manufacturing facility in Marl, Germany, to INEOS Enterprises. ……. New Material allnex Unveils CRYLCOAT 2478-1 for Architectural Applications allnex has launched the newest addition to the Powders line, the CRYLCOAT 2478-1. The CRYLCOAT 2478-1, designed to handle architectural applications, has been developed and extensively tested by allnex chemists to withstand harsh outdoor exposure when cured with triglycidyl-isocyanurate (TGIC). In addition, the CRYLCOAT 2478-1 is also excellent at allowing our customers to achieve reproducible target textures easily. Benefits to the CRYLCOAT 2478-1 include: • Outstanding weathering resist ……. Technology Development Hexion and D&R Dispersions and Resins Collaborate for VeoVa Silane Resins Hexion Inc. apprises of collaboration with Poland-based D&R Dispersions and Resins Sp. z o.o. to produce VeoVa Silane resins on a commercial scale, which gives paint producers and formulators direct access to this unique technology. The VeoVa Silane systems are free of isocyanates and provide the ability to balance hardness and flexibility, pot life and cure speed. Hexion’s patented VeoVa Silane technology enables the creation of cost-effective, high-performance, moisture-curable resins. The …. New IACMI Collaboration Aims to Develop Advanced Carbon Fiber for Hydrogen, Natural Gas Storage Tanks The Composites Institute will receive $2.7 million from the U.S. Department of Energy (DOE) to develop and validate technology that will reduce the cost of manufacturing high-performance carbon fiber by 25 percent to make composite natural gas or hydrogen fuel tanks to power cars and trucks. Throughout IACMI’s first five years of funding, the Manufacturing USA institute has focused one of its technology areas on compressed gas storage (CGS) tanks, making headway in innovations of materials an ……. Financial Hexcel Reports Net Sales of $378.7 Million and Adjusted Diluted EPS of $0.08 per Share • Q2 2020 GAAP diluted EPS was ($0.01) with adjusted diluted EPS of $0.08, compared to Q2 2019 GAAP diluted EPS and adjusted diluted EPS of $0.94. • Q2 2020 Sales were $379 million, compared to $609 million in Q2 2019. • Free Cash Flow YTD of $33 million, with $52 million generated in the second quarter. • Liquidity remains strong, increasing to $689 million, with cash on hand of $257 million and revolver borrowing availability of $432 million, at June 30, 2020. Hexcel Corporation reported ……. Owens Corning Reports Net Sales of $1.6 Billion • Company delivered solid quarterly results in a challenging environment • Roofing produced $148 million of EBIT on strong shingle demand • Insulation delivered $32 million of EBIT on recovering new residential construction • Composites generated $6 million of EBIT on disciplined cost control • Continued strong operating cash flow of $281 million; total liquidity increased to about $1.5 billion Owens Corning reported consolidated net sales of $1.6 billion in second-quarter 2020, compared ……. Huntsman Reports Net Loss of $59 Million Compared To Net Income of $118 Million in the Prior Year Period Second Quarter Highlights • Second quarter 2020 net loss of $59 million compared to net income of $118 million in the prior year period; second quarter 2020 loss per share of $0.28 compared to diluted earnings per share of $0.47 in the prior year period. • Second quarter 2020 adjusted net loss of $30 million compared to adjusted net income of $108 million in the prior year period; second quarter 2020 adjusted loss per share of $0.14 compared to diluted earnings per share of $0.47 in the prio ……. SGL Carbon SE Presents 2020 Outlook Based on Q2, 2020 Preliminary Results In light of the uncertainties surrounding further development, the duration as well as the impacts of the Covid-19 pandemic, on April 1, 2020, the Board of Management of SGL Carbon SE decided to suspend the guidance for the fiscal year 2020 as published in the Annual Report 2019. Based on preliminary Group results for the second quarter 2020, the Board of Management has assessed the outlook for the second half of the year. At the beginning of the second quarter 2020, business development part ……. Price Movement BASF Hikes Prices for MDI in ASEAN and South Asia With immediate effect, or as contract terms allow, BASF will increase prices for its Lupranate MDI (Methylene Diphenyl Diisocyanate) basic products by $100 to $200 per metric ton in ASEAN and South Asia. ……. Awards and Certifications Hexcel Receives Silver Boeing Performance Excellence Award Hexcel Corporation informed that its Casa Grande (Arizona) site has been recognized with a Silver Boeing Performance Excellence Award. The Boeing Company issues the award annually to recognize suppliers who have achieved superior performance. The Hexcel team maintained a Silver composite performance rating for each month of the 12-month performance period, from October 2018 to September 2019. This year, Boeing recognized 357 suppliers who achieved either a Gold or Silver level Boeing Performa ……. Others Teijin Carbon Europe and the UK’s National Composites Centre Strengthen Innovation Partnership Teijin Carbon Europe GmbH, the Teijin Group’s carbon fiber business in Europe, has very recently upgraded to Tier 2 membership with the National Composites Centre (NCC) in Bristol, UK as a key part of Teijin’s strategy to support next generation aerospace manufacturing projects. Teijin Carbon Europe looks forward to supporting the NCC and partners on various high performance aerospace projects as well as contributing to the UK composites community. As a Tier 2 member, the company will provide ……. In Post-Pandemic, Dilutec Optimistic for Gelcoat Applications Dilutec, one of the main Brazilian gelcoat manufacturers, is preparing for the new post-pandemic normal in the coming months. Dilutec is optimistic that the new post-pandemic normal will have new routines and protocols, which will bring some business opportunities. “Agglomerations tend to be increasingly discouraged. People will look for more intimate forms of fun, if possible, inside their homes or in safe environments. This should impact, for example, the market for composites pools”, said ……. First Postgraduate Course in Composites and Polymers in Sao Paulo, Brazil, Starts on August 08, 2020 The first postgraduate course in composites and polymers in the state of Sao Paulo, Brazil, will begin on August 08, 2020. Due to social isolation, classes will be online throughout this year and in person from 2021. In all, the course will have 360 hours. As a result of the partnership between the Latin American Composite Materials Association (ALMACO) and the Institute of Technological Research (IPT), the postgraduate course in composites and polymers is aimed at professionals in the areas ……. Teijin Aramid’s Technora on the Way to Mars in NASA’s Mars Perseverance Rover Teijin Aramid informed that with the successful launch of NASA’s Mars Perseverance Rover from Cape Canaveral in Florida, its Technora high-performance fiber is again enabling space exploration. The premium para-aramid Technora plays a critical role in the structure of the Rover’s landing parachute, developed by Airborne Systems and NASA’s Jet Propulsion Laboratory, which will be deployed during descent to Mars in February 2021. The parachute system has proven it can support an inflation load of ……. ELG Carbon Fibre and Aerocircular N.V. Develop Closed-Loop Recycling Scheme for End-of-Life Aircraft ELG Carbon Fibre and Aerocircular N.V, Ostend-Bruges, Belgium, join forces to establish a closed-loop recycling scheme for end-of-life aircraft CFRP waste streams. The companies have signed a Memorandum of Understanding (MoU) to demonstrate their mutual commitment towards this initiative. Stein Janssens, Director R&D adds: “This collaboration with ELG will allow a robust, economically viable recycling flow with impact on industrial scale. Doing so, every ton of carbon fiber from the aircraft ……. New Reports in Composites Market Published By Lucintel 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 To sponsor this newsletter, write to editor@lucintel.com .Become a part of this powerful and cost-effective marketing tools in growing your business. 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