Composites World / NetComposites

Connecting you to the composites industry

Advertisement

NetComposites Ltd has transferred the rights and ownership of this website to Gardner Business Media Inc.

On 1st January 2020, NetComposites' media assets including netcomposites.com, newsletters and conferences were transferred to Composites World (Gardner Business Media).

This site is no longer being updated. Please direct all enquiries to netcomposites@gardnerweb.com.

For further details see our joint press release.

Gurit Receives USD 21 Million of Damage Payments from Zoltek

  • Sunday, 22nd February 2009
  • 0 comments
  • Reading time: less than a minute

Gurit has confirmed receipt of a USD 21 million of damage payment from Zoltek.

Following the denial by the United States Court of Appeals for the Eighth Circuit of Zoltek’s petition for rehearing on December 2, 2008, the United States district court enforced Zoltek’s appeal bond on February 3, 2009, and ordered that Zoltek pay the outstanding judgment plus interest. Gurit has now received some USD 23.5 million.

This payment follows a successful lawsuit by Gurit to enforce a 10 year contract for large filament count carbon fibre supplies.


For more information visit:


Share this article


More News


Comments (0)

Leave your comment