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Composites Industry News


Flowtite Workers Down Tools

28th June 2000 0 comments

Fifty employees of Flowtite Botswana (Pty) Ltd, on Wednesday last week downed their tools demanding a P500 market allowance. According to a spokesperson, the said allowance was extended to other employees in February. Those who benefited are in the quality control and maintenance departments, as well as the various supervisors. The logistics and production sections did not get the allowance and are now demanding it. It is reported that the company’s problems with the workers started in 1997 when it was operating under the parent name, Owens Corning. During that year, it experienced serious financial problems and had to lay off workers, leaving a big workload. Since then the workers have been pressing for higher pay which the company says it cannot afford. The company manufactures glass reinforced plastic pipes. They are exported to a number of SADC countries, as well as to Mali.

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Yachts In Strong Demand in China

28th June 2000 0 comments

Yachts are in great demand in China, thanks to the continuous upgrading of China’s economic development level and the rapid development of the tourism industry. It is learned that the top ten national tourism development zones will invest tens of billions of yuan in the development and renovation of tourism facilities, of which, 30% will be earmarked to build on-the-water health, recreational and tourism projects. Beijing put eight 500,000-600,000 yuan yachts into service on several water tour circuits in 1999 and will go on to put another 40 yachts into use this year. In the light of the booming yacht market, a group of inland enterprises in Shanghai and other places have undertaken the feasibility research of yacht-building and started to seek cooperation with noted foreign yacht builders in the production of luxury tour boats and related outboard motors. The Red Double Happiness (Group) Co., Ltd., the noted sport apparatus producer in China, has built a luxury reinforced glass fiber pleasure boat production base in Songjiang of Shanghai in cooperation with foreign investors.

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ZCL Composites INC – Year End Results

28th June 2000 0 comments

ZCL Composites Inc. reports a net loss of $1,120,000 for the year ended March 31, 2000 compared to net income of $1,857,000 for the year ended March 31, 1999. Revenue increased 7% to $25.7 million for the year from $24.1 million for the year ended March 31, 1999. Results for the year were significantly reduced by other costs related to the recently settled license litigation with Xerxes Corporation and the shutdown and sale of the Belleville plant. “The litigation and plant shutdown costs were incurred to create growth opportunities and improve future performance. Now that they are behind us, we can expect much better results in the immediate future.” says Ven Cote, President. “Domestic revenues surged during the fourth quarter and we are now seeing good momentum in the Canadian market that will carry on into the current fiscal year.” ZCL Composites Inc. is Canada’s largest manufacturer of fibreglass underground storage tanks and the leading supplier of tanks to the retail petroleum market. ZCL markets its tanks under the “Greentank”, “Prezerver” and “Protektor” trademarks.

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Ameron International’s Second-Quarter Earnings

28th June 2000 0 comments

Ameron International Corporation reported results for the second quarter ended May 31, 2000: Sales totalled $140.2 million, compared to sales of $149.5 million for the second quarter of fiscal 1999. James Marlen, Ameron’s Chairman, President and Chief Executive Officer, stated, “We remain pleased with Ameron’s performance in 2000. As expected, sales for the first half were slower than in 1999, reflecting the weakness in certain markets served by Ameron’s Performance Coatings & Finishes and Fiberglass-Composite Pipe businesses.” Fiberglass-Composite Pipe Group sales increased in the second quarter due to the sharp rise in demand for oil field piping. Corresponding profits were lower because of lower sales of fuel-handling piping and the costs of ramping up production to meet demand for oil field piping. In 1999, Fiberglass-Composite Pipe benefited from greater sales of higher-margin, fuel-handling piping used for government-mandated conversions of gas stations.

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Raven Industries Announces Plan to Exit its Plastic Tank Business

28th June 2000 0 comments

Raven Industries, Inc. announced that it intends to sell its plastic tank division during the 3rd quarter ending October 31, 2000. In connection with that decision, it has signed a letter of intent to sell certain operating assets of its fiberglass and polyethylene plastic tank operations to Norwesco, Inc., St. Bonifacius, Minn. The sale would include two plants in Sioux Falls and one each in Washington Court House, Ohio, and Albertville, Ala. The Raven plant in Tacoma, Wash. is not included in this initial transaction. The closing of this transaction is subject to completion of due diligence, and negotiation and execution of a definitive agreement. Terms of the letter of intent were not disclosed, but if the transactions are completed, the company will receive a total of approximately $12 million in cash for the division and record a small after-tax gain. Sales for the division were slightly over $18 million in the fiscal year ending January 31, 2000.

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Speed Racer’s Mach 5 Race Car Up for Auction

20th June 2000 0 comments

For sale: white racing convertible with a top speed of 185 mph, lobster red leather interior, retractable pneumatic saw blades and a remote-control homing pigeon. Previous owner: international teen racing sensation Speed Racer. The popular 1960s cartoon character may not be real, but a fiberglass replica of his car — the Mach 5 — is up for sale on Internet auction site eBay

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500 Cows Graze into the Big Apple for Summer Extravaganza

20th June 2000 0 comments

CowParade New York officially kicks off on June 15 at the Pulitzer Foundation in Manhattan. The cows are life-sized fiberglass sculptures uniquely designed by area artists and sponsored for charity by corporate and individual patrons. The cows will graze in the urban pastures of New York through Labor Day, at sites such as the Dairy Building in Central Park, Pier 17 at South Street Seaport, the New York Public Library and FAO Schwarz. This fall, they’ll be put up for auction, with net proceeds to benefit New York area charities supporting children, education and the parks. CowParade first began in Zurich (1998) and then was imported to Chicago (1999), where Mayor Richard Daley called it the most successful promotional event in the city’s history. The next CowParade will be held in Sydney, Australia during the summer Olympics later this year. For the New York event, more than 1,200 designs from professional and amateur artists were submitted for consideration.

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FAA Announcement on Polymer Composites

20th June 2000 0 comments

The FAA announced a proposed general statement of policy applicable to the type certification of normal, utility, acrobatic, and commuter category airplanes. This document advises the public, in particular manufacturers of normal, utility, acrobatic, and commuter category airplanes, of additional information related to material qualification and equivalency for polymer matrix composite material systems.

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AERT to Participate in Renovation of 17.5 Miles of Fire Island, N.Y. Walkways

20th June 2000 0 comments

Advanced Environmental Recycling Technologies Inc. announced that the National ark Service has selected the Company’s product for use in the renovation of walkways, observation decks and stairs on and around Fire Island, N.Y. The renovation will incorporate the Company’s ChoiceDek(R) line of moisture resistant composite wood decking material. “The Northeast coastline is the perfect place to demonstrate the reliability of maintenance-free ChoiceDek(R) decking product,” stated Joe G. Brooks, Chairman of AERT. “Our products have already been in use with the National Park Service on the Cape Cod trails for some time now, where they have demonstrated their ability to withstand punishing winter storms and blistering summers with ease. In addition, our products have also demonstrated their resistance to rot and termite damage. 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.

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Boeing Seeking Buyer for St. Louis Parts Fabrication Business

20th June 2000 0 comments

The Boeing Company is seeking a buyer who will operate in place its St.Louis-based parts fabrication business, one of the world’s leading metal structures and composites manufacturing centers. The strategy is part of a Boeing-wide effort begun two years ago to enhance the company’s competitiveness; streamline facilities; and focus operations on design, manufacturing and systems integration. “We want to exit the St. Louis fabrication business so that we can free up resources and compete more effectively in today’s highly competitive defense industry,” Jerry Daniels, president of Boeing Military Aircraft and Missile Systems, said in a news conference today. The St. Louis parts fabrication business currently operates at 40 percent of its capacity. The business employs about 1,700 people and occupies about 1.7 million square feet, about 15 percent of the Boeing facilities in St. Louis. Its operations include high-speed machining, composites manufacturing and sheet metal parts fabrication for the F/A-18E/F, C-17, T-45, AV-8B and F- 15 military jets.

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