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Composites Industry News

News for June 2000


Core Materials Corporation Announces New Relationship With Lear Corporation

6th June 2000 0 comments

Core Materials Corporation announced that it has reached an agreement with Lear Corporation, one of the world’s largest automotive suppliers, to supply sheet molding composite (SMC) products for three new sport utility/ pick up truck models. This agreement with Lear, a Tier I automotive supplier, includes manufacturing of fiberglass reinforced molded products to be used on three new hybrid sport utility/pick up truck models to be introduced by an automotive original equipment manufacturer. Core Materials will produce SMC seat bottoms and seat backs for these vehicles. The products manufactured by Core Materials will be shipped to Lear Corporation, which will produce full seat assemblies for the automotive original equipment manufacturer. Core Materials’ estimated revenues, based on planning volumes released by the automotive original equipment manufacturer and Lear Corporation, would approach $25 million annually at peak levels, however volumes are not guaranteed. Production of two of the models is expected to begin in early 2001 with the third model starting later that year. “This is a major piece of new business for Core Materials as it enables us to aggressively compete for market share in the structural end of the automotive market and strategically expand our customer base,” said James L. Simonton, president and chief executive officer, Core Materials. “We’re very excited about entering this new market and working with an industry giant such as Lear Corporation.” The Lear agreement is further proof of the automotive and trucking industry’s acceptance of SMC. “SMC is an ideal material for this type of structural application,” Simonton said. “Its high strength-to-weight ratio and flexible design features contribute to the SUV’s overall innovative design features and decreased weight.”

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Eastman Chemical Company: Off-list prices increase for Eastman NPG glycols

6th June 2000 0 comments

Eastman Chemical Company announced an off-list price increase for all forms of Eastman NPG glycol in North America, effective July 1, 2000. Prices for 100 percent molten and flake NPG glycol will increase $0.09 per pound with a $0.045 per pound competitive allowance. NPG-90 glycol prices will increase $0.08 per pound with a $0.04 per pound competitive allowance. A competitive allowance is a discount off an off-list price for an unspecified time. The company reports that manufacturing costs and raw material prices have increased significantly. This price increase is needed to begin moving margins toward reinvestment economics. Eastman NPG glycol, a resin intermediate, is a basic raw material used in the manufacture of polyester resins for fiberglass reinforced plastics (FRP).

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New York City Cow Display Sparks Controversy

6th June 2000 0 comments

Five hundred stylishly decorated fiberglass heifers are caught in the middle of a New York dust-up bound to leave ranch hands and city folk alike scratching their heads. The cows are supposed to go on display around New York City this summer in a public art exhibit meant to be whimsical and uplifting. But the two Connecticut lawyers organizing New York’s CowParade say a preliminary shipment of 50 cows sent by a Swiss business group were poorly made, unstable and prone to catch fire. One lawyer even accused the Swiss of providing Bosnian bovines, instead of ones manufactured in Switzerland. “These cows really looked like Frankenstein monsters,” said Daniel Blume, vice president and counsel for the West Hartford, Conn.-based CowParade Holdings Corp.,which is running the New York exhibit. “Then we went over and tested one, and the results were astounding. We took a hunk of shaving of the cow, and we lit it, and the thing flashed.” Blume said his organization is buying its cows instead from American suppliers and that he and the Swiss agreed to part ways. Bull, say the Swiss. Kurt Blickenstorfer, president of CowParade Holdings A.G., based in Zug, Switzerland, accused Blume and partner Jerome Elbaum of using the quality issue as a pretext for backing out of their contract.

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China Encourages Investment in Performance Fibers

6th June 2000 0 comments

According to the Profile of China’s Textile Industry (May 2000), China encourages foreign investment in highly emulated chemical fibers and special fibers such as aromatic synthetic fiber and carbon fiber, although wholly foreign-owned operations are not allowed.State Bureau of Textile Industry Tel: 86-10-63081207

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TIFAC develops new technology for FRP doors

6th June 2000 0 comments

The Technology Information Forecasting and Assessment Council (TIFAC, India) has uccessfully developed a new technology for manufacturing fibre re-inforced plastic (FRP) doors and frames for the building and construction sector. The technology has been developed by its Composite Design Centre under the advanced composite mission. The Centre has transferred the new technology to 15 industries for large- scale commercialization. The Centre has also signed a Memorandum of Understanding with the National Small Industries Corporation and the Building Materials & Technology Promotion Council to promote and market its glass-fibre composite technologies for the housing sector.

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Lockheed Martin Transfers Key Aircraft Manufacturing Equipment to ENAER

6th June 2000 0 comments

Officials of ENAER and Lockheed Martin have signed a Memorandum of Agreement for the transfer of an autoclave that will allow ENAER to manufacture advanced composite material parts for current and future generations of commercial and military aircraft. Because of their light weight, strength and durability, composite material components are used in increasing amounts in aircraft such as the EMBRAER ERJ-135/145, the F-16, the F-22 Raptor and the Joint Strike Fighter. The transfer of this equipment is the next phase in a series of cooperative activities that ENAER and Lockheed Martin have implemented over the last two years to build a long-term relationship. Lockheed Martin already has transferred some key production, management and manufacturing technologies to ENAER. As part of the process to improve efficiencies and technologies at ENAER, Lockheed Martin production experts have reviewed manufacturing technologies and control procedures at the facility.

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Springdale Facility Attains $1.47 Million Gross Sales

6th June 2000 0 comments

Advanced Environmental Recycling Technologies Inc. announced that the Company had set an all-time monthly sales record. Unaudited sales for the month ending May 31, 2000 exceeded $2.75 million. The Company reports that this is an increase of 69% over May 1999. April sales were $2.18 million, an increase of 73% over April 1999. Advanced Environmental Recycling Technologies Inc. manufactures a growing line of engineered low-maintenance composite building materials made from recycled polyethylene plastic and waste wood fiber. The Company’s products are marketed under the trade names MoistureShield(R) and ChoiceDek(R) for the North American homebuilding market. The Company’s products are sold into the national door and window component market and residential decking market.

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Dura Agreement With CanWel Distribution Ltd.

6th June 2000 0 comments

Dura Products is pleased to announce that CanWel Distribution Ltd., one of Canada’s largest distributors of building materials and related hardware products, has entered into an agreement with Dura Products to distribute DURADECK composite deck products throughout its national distribution network. Dura Products International Inc. is an eco-efficient producer of a proprietary composite material made from recycled post-industrial plastics and cellulose fibre. Dura Products manufactures a number of products from it’s composite material including decking materials, components for fabricating skids and pallets, and other engineered shapes for various other applications.

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JPS Industries Announces New Chief Financial Officer

6th June 2000 0 comments

JPS Industries, Inc. announced that Charles R. Tutterow has joined the Company as Executive Vice President and Chief Financial Officer. JPS Industries activities include printed circuit boards and advanced composite materials.

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3D Systems Expands Use of Heat-Resistant Material

6th June 2000 0 comments

3D Systems Corp. announced the availability of CIBATOOL(R) SL 5530 material for use in its SLA(R) 7000 system. The resin features high heat resistance and is the first material with “tunable” physical properties. Used with the SLA 7000 system, SL 5530 material withstands temperatures up to 200 degrees C (392 degrees F). In addition, the material can be “tuned” to optimize accuracy or heat resistance. As a result, SL 5530 resin is ideal for creating functional prototypes for a variety of industries, as well as creating master patterns for vacuum-formed tooling and high-temperature molding applications. Lockheed Martin saved labor time and cost using the material to build tooling for composite parts for jet aircraft.

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