NetComposites
Airtech

Innovative Composites Secures Automotive Aftermarket Customer

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.





Share this story


Related / You might like...

‘Inspired from Life, We Reinforce Life’ Says Kordsa’s New Campaign

Kordsa, operating in tire, construction reinforcement and composites technologies market with its mission ‘We Reinforce Life’, has launched a new campaign with the slogan ‘Inspired from life, we reinforce life’.

Dura Composites Launch New Co-Extruded Fire-Rated & Slip-Resistant Decking Ranges

Dura Composites has expanded its Dura Deck range to include Dura Deck Resist, a co-extruded decking board with an innovative 360 degree outer angle which protects its core from the elements, as well as a new and improved Dura Deck Eco.

USQ Delivers Technology Workshop on Composite Rebars

The University of Southern Queensland (USQ) has partnered with Composites Australia to provide Australian civil and composite engineers with access to the latest knowledge on an innovative reinforcing solution to the costly corrosion of concrete infrastructure.