17 November 2002
17 November 2002
Vermont Composites’ 15,000 sq ft expansion of its Headquarter facility in Bennington is now complete. “With the continued growth in our business, Vermont Composites will now have the necessary manufacturing space to meet our customers’ needs”, says President, Dan Maneely.
Since the beginning of this calendar year, Vermont Composites’ employment has increased by 16% to a total of 128 full time employees.
The company’s business growth this year has come from several different areas including, Homeland Security, where the company manufactures components for airport baggage screening systems and aerospace & defense related applications, along with its medical business, which includes components and accessories for medical diagnostic imaging equipment.
The building expansion was supported with a financing package which included participation by the Chittenden Bank, the Vermont Economic Development Authority, the Town of Bennington and BCIC. Vermont Economic Progress Council provided additional subsidy for this expansion with a multi-year State Income Tax Credit package, tied to new jobs, research and development and capital spending.
Solvay has signed a ten-year agreement for the supply of composites and adhesives to be used across Bell's military and commercial rotorcraft programmes, including the Bell 429, 407, 505, 525, V-22, and UH-1.
SGL Carbon and Fraunhofer IGCV have officially opened the Fibre Placement Centre (FPC) at SGL's site in Meitingen, Germany. Compositence, BA Composites and the Chair for Carbon Composites at the Technical University of Munich have also joined the alliance, and Coriolis Group and Cevotec are planning to come on board as partners.
With the aim developing a broader platform for additive manufacturing (AM) technologies, the University of Exeter, UK, and Victrex, have formed a strategic partnership to introduce next-generation polyaryletherketone (PAEK) polymers and composites while improving the performance of the underlying AM processes.