Composites Market Insights 4 May 2020

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Composites Market Insights, May 04, 2020
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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”, “Technology Development”,  “Financial”, “Awards and Certifications”, “People”,  and “Others”.
Business Development
Boeing Rolls Out First Loyal Wingman Unmanned Aircraft
A Boeing-led Australian industry team has presented the first unmanned Loyal Wingman aircraft to the Royal Australian Air Force, a historic milestone for the company and the Commonwealth. The aircraft, which uses artificial intelligence to extend the capabilities of manned and unmanned platforms, is the first to be designed, engineered and manufactured in Australia in more than 50 years. It is Boeing’s largest investment in an unmanned aircraft outside of the United States. More than 35 memb …….

Park Aerospace Corp. Launches E-752-MTS Mid-Toughened Epoxy Resin System
Park Aerospace Corp. apprised of the introduction of its new E-752-MTS mid-toughened 350°F (177°C) cure epoxy system. E-752-MTS is Park’s next generation 350°F cure epoxy system and the newest member of its E-752 product family. E-752-MTS is designed for primary and secondary aircraft structure applications, such as wing and empennage structures, control surfaces, fuselages and engine nacelles. To provide processing flexibility and access to a wider market, E-752-MTS can be cured using Autocl …….
Ascend’s New Agreement for European Distribution of PA66 Resins
Ascend Performance Materials, the world’s largest fully integrated producer of polyamide 66 resins, apprised of an agreement with thermoplastics distributor Resinex for the distribution of its Vydyne PA66 resins. Ascend’s resins are used in the production of thousands of applications in the automotive, electrical and electronics, and consumer and industrial industries. Resinex, a pan-European distribution company, will supply customers in Germany, Austria, Switzerland, Benelux, Nordic countri …….
Technology Development
NCC and Oxford Brookes Develop Rapid Heat Popping Joints
A revolutionary new technology developed by the National Composites Centre (NCC) and Oxford Brookes University means composite structures can now be separated (or disbonded) quickly and cheaply using a simple heat source. By making it easy to work with, repair and disassemble composite parts, this world-leading research could have a transformational impact on the design, use and end-of life recycling of wide range of products, including cars, aircraft and wind turbines. Researchers at Oxford …….
Owens Corning Reports Consolidated Net Sales of $1.6 Billion
Owens Corning reported consolidated net sales of $1.6 billion, a decrease of 4% or $66 million, compared with 2019. First-quarter 2020 net loss attributable to Owens Corning was $917 million, or $8.43 per diluted share, compared with net earnings attributable to Owens Corning of $44 million, or $0.40 per diluted share, in 2019. The company’s 2020 results included non-cash pre-tax impairment charges related to the Insulation business of $987 million, driven by the recent decline in the company’s …….
Covestro Meets Guidance for First Quarter Despite Coronavirus Impact
Covestro has met its EBITDA guidance for the first quarter of 2020 in a business environment strongly impacted by the coronavirus. Core volumes decreased by 4.1% compared to the prior-year quarter. This is mainly the result of significantly weaker demand in China due to coronavirus-related interruptions of production at local customers in February and March 2020. Coupled with a worldwide decline in selling prices, mainly driven by increased competitive pressure in the Polyurethanes and Polycarbo …….
Awards and Certifications
Continental Structural Plastics and Teijin Receive 2020 Automotive News PACE Award for Carbon Fiber Pickup Box
Continental Structural Plastics (CSP), along with its parent company Teijin, received a 2020 Automotive News PACE Award for the carbon fiber pickup box technology used on the 2019 GMC Sierra Denali CarbonPro edition. The prestigious award recognizes automotive suppliers for superior innovation, technological advancement and business performance. The CarbonPro box represents a number of industry firsts, including being the first commercial application of the material Sereebo, a proprietary, ca …….
Magna Bags 2020 PACE Award for Composite Space Frame Liftgate Reinforcement
Magna’s composite space frame liftgate reinforcement solution, which debuted on the Toyota Supra, has earned a 2020 Automotive News PACE Award. The award is Magna’s fourth PACE Award in the last six years. The space frame is the first composite application of its kind for an automotive liftgate and achieves a 10 percent mass savings over a steel version. The composite space frame is a tubular frame made of a foam core that is then wound with continuous glass fiber and infused with a polyureth …….
New Reports in Composites Market Published By Lucintel
Bob Vanderhoff Nominated to ACMA Board of Directors
The American Composites Manufacturers Association (ACMA), the world’s largest composites industry trade group, informed that new members for positions on its Board of Directors. Bob Vanderhoff, President and CEO of Magnum Venus Products (MVP), was nominated to the ACMA Board alongside five other distinguished colleagues from the composites industry who will assume official duties July 1, 2020. MVP has enjoyed a mutually beneficial partnership with ACMA for many years. The collaboration has le …….
TPI Composites, Inc. Provides Update on COVID-19 Testing Results of Its Newton, Iowa Associates
TPI Composites, Inc. has completed COVID-19 testing on nearly all of its Newton, Iowa associates. Following an increase in COVID-19 cases in Jasper, Marshall, and Polk counties, as well as a significant number of positive cases in our plant in Newton, Iowa, and in collaboration with the State of Iowa, TPI proactively conducted mandatory COVID-19 testing for nearly all of its associates at its Newton facility on April 25, 2020. During this time, TPI paused production and undertook another deep c …….
Hy-Lite Injection Molding Services Available to Support Manufacturers
To help with the heightened demand for injection-molded products during the COVID-19 outbreak, Hy-Lite is making their Contract Injection Molding Services available to companies nationwide. Located in Pensacola, Fla., the Hy-Lite facility houses seven injection molding machines capable of small, specialty and slow run projects. Steve Beck, plant/technical manager for Hy-Lite, a U.S. Block Windows Company said, “We’re offering both the expertise and machinery we have on site to support the inj …….
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