02 May 2017
02 May 2017
Rockman Industries has opened a UK office for its subsidiary Moldex Composites.
Located in Silverstone, home of Formula One motorsport in the UK, the new office will focus on expanding the group's carbon composites business, especially in the US and the European markets.
Indian automotive components firm Rockman Industries acquired Moldex Composites in early 2017, as part of its diversification strategy.
“We expect carbon composites to account for about 10% of Rockman's revenue in the next five years," says Suman Kant Munjal, Chairman and Managing Director, Rockman Industries. "Besides motorsports and aerospace, there is a global shift towards carbon fibre in the automobiles sector. At Rockman Industries we want to be at the forefront of this technology as it further penetrates different sectors including automotives. The opening of the UK office is a step in that direction as it gives us access to the centre of motorsports in Europe.”
Globally, motorsports and aerospace industries are leading the move towards shedding weight, with carbon composites playing a vital role. Reduction in weight translates into airplanes carrying larger payloads for longer distances while reducing emissions. At the same time, it helps motorsports vehicles accelerate and travel faster.
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Scigrip has expanded its agreement with Biesterfeld Spezialchemie to include France and the French territories in Northern Africa, with immediate effect.