09 May 2017
09 May 2017
Exel Composites, Finland, has closed a transaction to acquire the Chinese composites production business of Nanjing Jianhui Composite Material (JHFRP).
The business includes one manufacturing unit, which uses mainly pultrusion technology to produce composite products that are largely complementary to Exel’s existing offering. According to Exel, Nanjing Jianhui has a balanced portfolio of local Chinese customers and exports outside China, and the business has been growing steadily and profitably.
“This is an important step in the implementation of Exel Composites’ growth strategy in China and strengthens our position in China as well as in the Asia-Pacific area," says Riku Kytömäki, President and CEO of Exel Composites. "In China the megatrends are strongly driving growth and presenting new business opportunities. In addition to expanding manufacturing capacity, we are also expanding our local sales and product development network, our customer portfolio and the range of applications we offer to the local market. Exel’s existing Chinese factory as well as that of the acquired business are both located in Nanjing, which gives us the opportunity to realise operational synergies.”
Composites UK reports that its members are supporting the new 2018-2021 Safety in Manufacturing Plastics and Composites strategy (SIMPLC).
Composites are considered hard to join and researchers have predominantly focused on mechanical joining technologies including crimping, gluing, riveting or screwing. The Composites Europe exhibition in Stuttgart, Germany, on 6-8 November will show the advantages and drawbacks of each of these processes.
The Aachen Center for Integrative Lightweight Production (AZL) and the Institute of Plastics Processing (IKV) at RWTH Aachen University are commencing a study into the use of thermoplastic tapes in injection moulded parts. Companies interested in joining the study are invited to a kick-off event during Fakuma 2018 in Friedrichshafen, Germany, on 18 October.