NetComposites

Connecting you to the composites industry

Advertisement

Composites Industry News

News for December 2000


DIAB Launches New Web Site

7th December 2000 0 comments

DIAB, the world leader in core materials and sandwich composite technology, has launched an entirely new web site at http://www.diabgroup.com. The new site provides instant and detailed access to its products and services on a 24 hour basis. The site contains both generic information on composite materials and individual data sheets, usage guidelines and application guides on the DIAB’s standard product range. Products covered include Divinycell ® and Klegecell ® foam core ranges, ProBalsa ® end grain balsa core and Divilette ® core bonding adhesives/putties. Also available on the site are sections covering ‘frequently asked questions’ (FAQ’s) and case studies. Despite the size of the site it has been designed to make navigation particularly easy. In most cases detailed data can be obtained with just a few clicks of a mouse. A news section has also been included which will be updated on a very regular basis and will contain the latest information on new products, services, notable applications and fairs/exhibition participation. The web site also provides contact information on DIAB personnel, agents and distributors on a world-wide basis with direct E Mail facilities.

Read more


Denali will Pursue Restructuring Plan

7th December 2000 0 comments

Denali Incorporated announced that the Company will pursue a Restructuring Plan. “Denali’s Restructuring Plan has two major parts: (1) protecting and fostering the strengths and performance of Denali’s underlying businesses; and (2) pursuing all available means to restructure the Company’s balance sheet and strengthen its financial position,” said Dick Volk, Chairman, CEO and President. As previously announced, the Company is in default on its domestic and European credit facilities, and its domestic senior lenders executed a forbearance agreement whereby unpaid principal installments were deferred until November 30, 2000. During the week of November 27, 2000, Denali learned in discussions with William Blair Mezzanine Capital Fund III, L.P. (“Blair”) that Blair had decided not to proceed with its previously proposed $23 million investment in the Company. The proposed investment by Blair had been viewed by the Company and its lenders as a potential solution to the Company’s liquidity problems. As a result of Blair’s decision, the Company advised its domestic senior lenders that it will not make its November 30, 2000 scheduled principal and interest payments. Denali Incorporated is a provider of fluid handling products, specializing in corrosion-resistant applications in process industries. The Company is a manufacturer of engineered fiberglass-composite products, including tanks, vessels, and piping systems, as well as steel, above-ground storage tanks.

Read more


PPG, Nan Ya to Build Chinese Fiber Glass Plant

7th December 2000 0 comments

PPG Industries and Nan Ya Plastics Corp. of Taiwan plan to build a plant at Kunshan, China, to make fiber glass yarns primarily for electronics customers. The project is subject to Taiwan government approval. PFG Fiber Glass (Kunshan) Co. Ltd. will produce electronic yarns in a Kunshan industrial economic development zone west of Shanghai. Nan Ya, a major printed circuit board producer, is building an adjacent complex that will include weaving, laminating and circuit board production facilities. It will be PFG (Kunshan)’s principal customer. Kevin F. Sullivan, PPG vice president of fiber glass, said construction is expected to begin early next year with startup scheduled in early 2003. While the facility will have one melting furnace at startup, Sullivan said the site allows for significant future expansion. A holding company established in Hong Kong will operate the Kunshan facility. C.F. Lee, a Nan Ya executive, said Shanghai plans to become a world-class high technology center by 2005, and that Nan Ya’s Kunshan complex and the PFG (Kunshan) facility will contribute to that objective. He noted that fiber glass yarns for electronics applications is a US$500 million global market with growth of about 7 percent a year, and the printed circuit board segment is growing at 8-10 percent. He said about 60 percent of the growth in electronics applications is in Asia. Another PPG-Nan Ya joint venture, PFG Fiber Glass Corp., has produced fiber glass electronic and specialty materials yarns and reinforcements at Chia Yi since 1991. It is the fastest growing and largest electronic yarn producer in Asia. Nan Ya manufactures primarily plastics, fiber and electronic materials, with sales of US$3 billion in 1999. PPG is a leading global supplier of coatings, fiber glass, fabricated glass and chemicals with about 120 production locations. Its 1999 sales were US$7.8 billion.

Read more


China’s fibreglass exports increase

7th December 2000 0 comments

China’s export of building materials demonstrated an upward trend in the first three quarters of this year. According to statistics from customs, the export of glass fiber and products was 59,656 tons, valued at US$113 million.

Read more


Brazil: CTI Brasil starts up in Rio

7th December 2000 0 comments

The Brazilian air transportation company Lider Taxi Aereo in a joint venture with the US CTI (Composite Technology Inc.) created CTI Brasil, the only company specialized in helicopters propellers repair of Brazil. Sited in Aeroporto de Jacarepagua (Rio de Janeiro) the company was recently innaugurated and demanded US$800,000 investment. CTI expects a turnover of US$1mil over the first year of operations. Currently the Brazilian helicopters fleet is comprised by 833 units which maintenance cost will drop by 15%. The aircraft maintenance domestic market currently represents R$700mil per year and Lider holds 10% stake in it.

Read more


Resin Systems Inc Signs Agent Agreement for Financing

7th December 2000 0 comments

Chemical technology company, Resin Systems Inc., announced that it has signed an agreement with Golden Capital Securities to act as agent for a financing to raise up to $3.5 million. The Company and Golden Capital will determine the pricing of the issue in January. Further details will be released at that time. RSI has developed a line of specialized resins for the production of a broad range of products made from composite materials. RSI plans on issuing a management update the week of December the fourth in regards to ongoing production trials, which have been conducted at a series of manufacturing facilities throughout North America since early October. They also now have vailable a management update on recent production trials of its new resin for the composite materials industry. The update is currently available at www.capitalideas.com, small cap profiles section and will be available tomorrow at www.resinsystemsinc.com, investors section.

Read more


Joint Development Of Fuel Cell Bicycle

7th December 2000 0 comments

Manhattan Scientifics announced that it has entered into an agreement with Aprilia, S.p.A., one of Europe’s largest manufacturers of motor scooters and motorcycles, to develop a fuel cell powered concept bicycle. Aprilia unveiled the bicycle, a version of Manhattan Scientifics’ Hydrocycle(TM) bicycle, this week at the Bologna Motor Show in Italy. One of the best known and most respected makers of motorcycles and scooters in Europe, Aprilia also is well known throughout the world for its racing achievements. Aprilia said it is using the fuel cell technology developed by Manhattan Scientifics’ European affiliate NovArs GmbH because of its significant weight and size advantages over other fuel cell technologies. Manhattan Scientifics’ unique mid range fuel cell technology (two watts to two kilowatts) is being developed by NovArs at its facility in Passau, Germany. The NovArs unique approach to fuel cell design uses advanced composite materials and sealing technology to minimize size and weight. This makes it ideal as a power source for portable electronic equipment. The technology is also applicable for motorized scooters, wheel chairs, industrial vehicles, small boats, golf carts, portable appliances such as cordless power tools and household utensils and lightweight portable power packs. NovArs GmbH is a two-year-old German company founded to develop advanced fuel cells, materials and concepts. It was started in 1998 by Dr. Arthur Koschany, a scientist with six years experience in the development of large fuel cell systems for automotive applications. Manhattan Scientifics acquired both current and future global intellectual property rights to NovArs’ unique technology in 1999. Manhattan Scientifics is providing R&D funding to NovArs to further develop its technologies.

Read more


ATK Selected to Produce Composite Structures for Atlas V

7th December 2000 0 comments

ATK (Alliant Techsystems) said it has been selected by Lockheed Martin Space Systems-Astronautics Operations, Littleton, Colo., to produce composite structures for Lockheed Martin’s new Atlas V family of space launch vehicles. The Atlas V family of vehicles is designed to meet the U.S. Air Force’s Evolved Expendable Launch Venity to continue to demonstrate its expertise in providing large, fiber-placed composite structures to the aerospace industry,” said Travis Campbell, president, ATK Aerospace Composite Structures Company. “We are pleased to be part of the Lockheed Martin Space Systems Atlas V team,” said Jim Nichols, composite structures programs director, ATK Aerospace Composite Structures Company. “By making access to space more affordable, this new family of vehicles will help strengthen the competitive position of the U.S. space launch industry in the global marketplace.” ATK will fabricate the Atlas V structures at its Utah Composites Center facility in Clearfield, Utah, and its Southern Composites Center facility in Iuka, Miss.

Read more


American Flywheel Systems, Trinity Flywheel Power Merge

7th December 2000 0 comments

Two privately held companies, American Flywheel Systems, Inc. (AFS) and Trinity Flywheel Power (Trinity), today merged and created AFS Trinity Power Corporation (AFS Trinity) to address the $12 billion market for power technology serving the digital economy. According to Edward W. Furia, who is Chairman and Chief Executive Officer of the combined company, American Flywheel Systems, Inc., founded in 1990, is “the oldest and most technology-rich” flywheel power and energy storage company, and Trinity Flywheel Power is the first-to-market with advanced composite flywheel ride-through products. He said, ” By infusing both AFS capital and technology into Trinity’s compact and reliable flywheel ride-rough and UPS systems, we intend to leapfrog chemical battery and other flywheel UPS and ride-through solutions. The company said its products target the back-up power problems of a wide range of customers, such as digital equipment operators, hospitals, Internet service providers, semiconductor makers, airport control towers, credit card companies, commercial buildings and others who need clean, reliable, uninterruptible power.

Read more


Envirokare Tech Inc Joint Venture Arrangement

7th December 2000 0 comments

Envirokare Tech Inc. announced the signing of a letter of intent with Thermoplastic Composite Designs Inc. (TCD) to enter into a joint venture agreement to manufacture products utilizing TCD’s proprietary flow forming technology (TPF) process. Under terms of the letter of intent a formal agreement shall be negotiated no later than the first quarter of 2001. Envirokare and TCD believe the TPF process to be a genuine breakthrough in thermoplastic composite m other materials. Through a combination of resins and reinforcing fibers, the TPF system can tailor the mechanical and physical properties required. There is approximately 3 billion pounds of composite products manufactured each year in the United States and most of these are thermoset composites. In keeping with the Envirokare philosophy of producing environmentally responsible products, the TPF process does not emit any Volatile Organic Contaminants (VOCs), which are present in many thermoset composites. The TPF process also allows for the use of recycled as well as virgin thermoplastic resins, which may in turn be recycled. Envirokare’s joint venture with TCD will expand the company’s horizons far beyond its original business plan.

Read more


[ Page 1 of 4 ]

Advertisement

Upcoming Events

Advertisement

Advertisement

Advertisement

Follow us
Subscribe to our email newsletter

Subscribe to receive our weekly round-up of all the industry's latest news, jobs, events and more!

We'll always keep your personal details secure and will never share them with third parties for marketing purposes. You can unsubscribe at any time. For further details on how we may use your data, please visit our Privacy Policy.