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Composites Industry News

News for 11 July 2000


Antidumping Duty Administrative Review; Aramid Fiber from the Netherlands

11th July 2000 0 comments

The US Department of Commerce is conducting an administrative review of the antidumping duty order on aramid fiber formed of poly para-phenylene terephthalamide from the Netherlands in response to requests by Twaron and DuPont. This review covers sales to the United States between June 1 1998 and May 31 1999 by Twaron. The preliminary results of the review indicate the existence of dumping margins for the above period

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Composite Solutions, Inc. to Acquire Karagozian and Case Structural

11th July 2000 0 comments

Engineers Composite Solutions, Inc is pleased to announce that it has signed a letter of intent with the principals of Karagozian and Case Structural Engineers (K&C) for the acquisition of K&C by CSI. The terms of this transaction are being finalized and will involve an exchange of K&C shares for CSI shares. Composite Solutions, Inc. uses advanced composites in the form of carbon, aramid, or glass fiber — reinforced polymer sheets to strengthen buildings and bridges and to minimize the damage from earthquakes, deliberate and accidental explosions, wind, and overloading. Karagozian and Case is a consulting engineering firm that provides a wide spectrum of civil and structural engineering services, including earthquake engineering and engineering related to the effects of explosions (blasts). Of particular interest to CSI are K&C’s unique experience and capabilities concerning advanced fiite-element based computer simulations of structural response and damage resulting from blast events and generating advanced design concepts to mitigate blast effects. The recent moves by CSI to acquire K&C, as well as Trans-Science Corporation and Anchor Reinforcements reflect part of a strategic integration plan. This merging of expertise will allow CSI to furnish end-to-end turnkey services ranging from threat (seismic or blast) analysis — to retrofit design — to retrofit material systems selection — to retrofit construction and implementation.

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Glassmaster Co – Third Quarter Sales & Earnings

11th July 2000 0 comments

Glassmaster Company reported sales for the third quarter ending May 28, 2000 were $6,259,009, an increase of 14.2% when compared with the same period last year, and a 16.4% increase compared to the previous quarter of the current fiscal year. Year to date sales of $15,925,525 are down 1.6% from last year. Monofilament sales increased 38.6% compared to the same quarter last year and the outlook is good for the fourth quarter. Glassmaster Company is a Lexington, South Carolina-based processor- fabricator of thermoplastic and thermoset plastic materials, where it manufactures extruded monofilaments including sewing thread, filaments for papermakers fabrics, trimmer, and fishing lines. The Company also manufactures specialty fiberglass products including the Glassmaster Composites Modular Building System.

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Alyn Corp. Announces Resignation of Board Members

11th July 2000 0 comments

Alyn Corp., an advanced metal matrix composite technology company, Wednesday announced the resignation of Robert L. Burr of Fleming Asset Management as chairman of the board and director, and David J. Edwards, vice president of Fleming Asset Management, as director. As a major investor, Flemings continues to be supportive of the company. Alyn Corp. produces Boralyn, a unique metal matrix composite material that is lighter than aluminum, stronger than titanium and has better wear properties than steel, with principal applications in the nuclear, aerospace, automotive, computer hardware and sporting goods industries.

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Royal Navy Minesweeper Launched at Southampton

11th July 2000 0 comments

HMS BLYTH, the penultimate Minehunter in the Royal Navy’s Sandown Class, was launched on Wednesday. HMS BLYTH is the sixth of a batch of seven ships ordered from Vosper Thornycroft in 1994. The class incorporates a significant number of design improvements. The ships in this class are constructed from fibre reinforced plastic and are designed for hunting and destroying mines and for operating in deep and exposed waters. Sandown Class vessels are exceptionally manoeuvrable, control being achieved either manually or automatically by use of the ship’s Position Control System.

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Composite Automobile Research Ltd – Columbian Grand Opening

11th July 2000 0 comments

Composite Automobile Research Ltd. is pleased to announce that company executives have recently returned from Bogota Columbia. The purpose for the trip was to attend WorldStar Paez’s official launch of its WorldStar product line. On the evening of Thursday July 6, 2000, over 800 people from the Columbian media and financial community attended the unveiling by WorldStar Paez of two of its prototype versions of the WorldStar vehicle scheduled to begin full-scale production in the very near future. WorldStar Paez company officials are quoted as saying, “We are extremely happy with the reception that we received from both the media and the financial community here in Columbia for this well attended event. It is anticipated that many new business relationships will be started by way of this event and many existing relationships will be strengthened, now that we have demonstrated that the WorldStar vehicle can be successfully built.” It is anticipated that as a direct result of the presentations put forth by WorldStar Paez and the strong positive reaction from the people in attendance, that business in the South American region should begin to show positive growth in the near future. World Transport Authority Inc. is expecting that once budgeting and financial plans are agreed to with local partners, that future production rates and expansion plans for both vehicle and factory production will be able to be publicly announced by the company. Composite Automobile Research Ltd. and orld Transport Authority Inc. serve the emerging world’s transportation needs through in country manufacturing facilities, utilizing local semi-skilled labour to produce the WorldStar line of utility vehicles.

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CATIA Solutions Version 4 Release 2.3 Improves Composites Coverage

11th July 2000 0 comments

IBM and Dassault Systemes announced on Monday the immediate availability of CATIA Solutions Version 4 Release 2.3 (V4R2.3). This new release of the world’s leading CAD/CAM/CAE software provides users with more than 200 productivity-enhancing product improvements. Finite Element Analysis now supports the analysis of composite parts at both the predimensioning and the certification stages.

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Reinhold Industries Inc Declares 10% Stock Dividend

11th July 2000 0 comments

On Thursday, Reinhold Industries, Inc. of Santa Fe Springs, California, announced a 10% stock dividend for its shareholders. The Board of Directors has approved a 10% dividend, payable in additional shares of the Company, to its shareholders of record as of July 11, 2000. “The Board is extremely pleased to be able to make this announcement to our shareholders,” said Michael T. Furry, president and CEO of Reinhold. “This is our first dividend since becoming a stand-alone public entity in 1996. In addition, we recently applied to NASDAQ for a national listing of our stock. We hope these actions will inform others of the profitable growth of the Company over the last four years and begin to positively impact our share price.” Reinhold Industries, Inc. is a manufacturer of advanced custom composite components, sheet molding compounds, and graphic arts and industrial rollers for a variety of applications in the United States and Europe.

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Budd Appoints Two Vice Presidents

11th July 2000 0 comments

On Thursday the Budd Company announced the appointment of two vice presidents and the retirement of the company’s chief financial officer. Thomas Bardsley was elected Vice President – Finance, Bruce M. Dingwall was elected Vice President – Controller and Denny W. Benson, Vice President and Chief Financial Officer, retired after 28 years of service. Budd, headquartered in Troy, Mich., produces components such as doors, fenders, roofs, hoods, and decklids in sheet metal as well as sheet molding compound (SMC).

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Building Materials Costs in Africa Unaffordable

11th July 2000 0 comments

The Deputy Director General Investment Promotion and Capacity Building of United Nations Industry Development Organization (UNIDO), Dr. Yo Maruno has advised Developing Countries, especially Africa to embark on low cost housing technology in order to save their foreign exchange. “Developing countries spent three billion dollars on importing building materials that could be saved through low cost housing that use local materials,” he suggested. Maruno arrived here last week among others, to promote Indian technology on low cost housing the program, which is supported by UNIDO. The India-UNIDO low cost housing seminar had attracted over 200 participants including Indian ministers, experts and the private sector to liberate on how to help local contractors to provide better and cheaper services especially for low income earners. The government of Tanzania has expressed its desire to learn from India’s experience in the use of innovative composite materials based on local resources from forestry, agriculture, natural fibres, plant materials and industrial wastes. The Minister of State for Urban Development and Poverty Alleviation of India, Bandaru Dattatraya said at least one billion people worldwide lacked adequate shelter the situation, which he said was grim in urban areas. He said estimates indicate that between 30 and 50 percent of people in the urban areas, particularly in developing countries, lived in settlements inadequate housing and sub-standard living conditions

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