07 June 2011
07 June 2011
Innovative Composites International (ICI) has received purchase orders for the supply of composite panels to a North American automotive aftermarket company.
The program is expected to ramp up to approximately $5 million in revenue annually within the next six to nine months, bringing the company a step closer to positive cash flow.
The program is expected to have a five to six year life span at full capacity. According to ICI, their panels replace a conventional material currently used by the customer and offer a better strength to weight ratio, are impervious to weathering, rot and corrosion and are completely recyclable. Purchase orders for the first four months have already been released to ICI. ""This program is a natural fit for our core product,"" said Terry Ball, President and CEO of ICI. ""Not only will it utilize our recently expanded production capacity at the Sault Ste. Marie plant, but once fully ramped up bring ICI a major step closer to being cash-flow positive,"" he said.
At the American Composites Manufacturers Association (ACMA)'s third annual Infrastructure Day on 6-7 February 2018 34 ACMA members joined together to meet with over 100 Members of Congress and their staffs to advance legislation to drive investment in innovative material solutions for transportation, water and energy infrastructure.
Shoppers visiting the newly redeveloped Halls Head Central Shopping Centre will be greeted by a 3.5 m x 2.5 m core composite spiral ribbon representing the logo of one of the centre's owners.
KraussMaffei is expanding its expertise in the field of pultrusion, the process for continuously manufacturing fibre reinforced plastic (FRP) components, with the commissioning of a second pultrusion system at its TechCentre in Munich, Germany.