Plasan and TPI Composites Joint Venture

31 October 2010

Plasan and TPI Composites have created a new joint venture, Armored Chariots, to design and produce next-generation crew compartments for military vehicles.

""We look forward to combining the capabilities and experience of TPI and Plasan in the formation of Armored Chariots in this start-up effort,"" said TPI CEO Steve Lockard. Dan Ziv, CEO of Plasan, said: ""TPI's expertise, knowledge and respect with which it is held, makes it the ideal partner for Plasan.""

According to the companies, composite technology provides a lighter, stronger, more durable vehicle, to create better survivability systems, add payload, reduce corrosion improve fuel efficiency and improve airlift capability.

Design and development by the new business venture from the ground up will begin this year with volume manufacturing to commence in the 2012 to 2013 timeframe. The joint venture company is expected to create 150-250 manufacturing and engineering jobs.

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