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Architects’ Day Announced for Advanced Composites in Construction 2013 Conference

30 July 2013

The conference will take place from 10 – 12 September 2013 at Riddel Hall, Belfast, UK.


University of Bristol and the National Composites Centre to Benefit from Government Award of £85 Million to Composites, Robotics and Energy Storage Research

30 July 2013

Three key technologies identified as part of the government’s ‘eight great technologies’ to drive UK growth are to receive an £85 million investment for capital equipment.


Teijin Supports Kogakuin University to Develop Carbon Fibre Car for World Solar Challenge

30 July 2013

Teijin says that Toho Tenax, the core company of the group’s carbon fibres’ and composites business, as well as GH Craft, have supported Japan’s Kogakuin University in developing a car made with carbon-fibre reinforced plastic (CFRP) for the World Solar Challenge.


Smithers Rapra Confirms Programme for GOCarbonFiber Conference 2013

30 July 2013

Smithers Rapra has announced the programme for the 16th Global Outlook for Carbon Fiber conference taking place in Seattle, WA, US, from 8 – 10 October2013.


RTP Company Launches New Cellulose Fibre Reinforced PP Compounds for Eco-Friendly Durables

30 July 2013

RTP Company has unveiled the latest addition to its Eco Solutions product portfolio with a new line of custom cellulose fibre-reinforced polypropylene (PP) compounds. 


Oak Ridge National Laboratory (ORNL) Makes Low-Cost Carbon Fibre Available to American Manufacturers

30 July 2013

Companies interested in testing the latest in low-cost carbon fibre have a new opportunity to partner with the Department of Energy’s Carbon Fiber Technology Facility (CFTF).


Abaris Completes Training for British Airways and Airbus UK

30 July 2013

British Airways (BA) and Airbus contracted Abaris for advanced composites training for their staff.


Cytec Completes Sale of Industrial Material’s Distribution Product Line

30 July 2013

Cytec has completed the sale of the former Umeco distribution product line, currently part of the Industrial Materials segment, to Cathay Investments for total consideration of £5.5 million subject to customary post-close adjustments. 
 
Cytec say the sale is expected to result in a second quarter pre-tax loss of approximately £8.2 million. The divestiture was factored into Cytec’s previously communicated sales and as-adjusted earnings guidance. The distribution product line had revenues of approximately £13 million in the first five months of 2013.
 
Cytec also announced, in agreement with its joint venture partner, it has exited and shutdown their Process Materials Joint Venture in China and will enter liquidation. The joint venture, which served the Chinese wind market, was operated under the Industrial Materials business and was acquired as part of the Umeco acquisition. Cytec’s share of the venture’s operating losses were approximately £0.4 million annually. The closure will result in a second quarter pre-tax charge of approximately £2.2 million.
 
“These actions are aligned with focusing the Industrial Materials business on improving its existing business in its targeted growth markets”, said William Avrin, Vice President Corporate Development and President Industrial Materials.
 
Cytec also announced its initiative to move all production operations from the Costa Mesa, Adelanto and Huntington Beach, California, US sites, each acquired from the Umeco acquisition, into its Winona, Minnesota and Tulsa, Oklahoma locations. Approximately 120 employees will be impacted by this move. The estimated total cost of this initiative is approximately £17.5 million which includes about £8.5 million of capital required to move the products into the existing operations and approximately £2.5 million for non-cash accelerated depreciation expense. The remaining costs are for retention and severance plans, product re-qualifications, certain lease liabilities on impacted facilities and clean-up costs. Product re-sites and re-qualifications will begin immediately with final completion by year-end 2014 and, once completed, annual savings are expected to be £2 to £2.6 million.  Final closure of these California facilities is expected by mid-2015.  As a result of the above, Cytec will record a pre-tax restructuring charge in the second quarter of 2013 of approximately £0.7 million with essentially all of the expense amount recorded over the second half of 2013 and full year 2014.
 
William Wood, President Aerospace Materials commented, “After a thorough analysis, this initiative provides a clear path to creating a production foundation establishing high standards for quality and customer service to support growth and improved profitability of aerospace interior materials, specialty composite materials and a variety of industrial materials.”


Quickstep Secures First Manufacturing System Sale for €4.2million

30 July 2013

Quickstep has secured the first commercial sale of its patented ‘Quickstep Process’ system.


Toho Tenax Announce New Singapore Office

30 July 2013

Toho Tenax, part of the Teijin Group's carbon fibres and composites business, has announced the establishment of Toho Tenax Singapore to strengthen group business operations in India and the ASEAN region, where the demand for carbon fibre is expected to increase rapidly.