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Composites Industry News


Angola Signs On With WTA

9th May 2000 0 comments

Composite Automobile Research Ltd announced that it has signed an agreement for the purchase of the Master License for Angola with Servauto Comercio e Servicos Industrials (SARL), of Luanda, Angola, with the factory to be located in suburban Luanda. Servauto will produce the WorldStar vehicle in Angola with Fiat or Volkswagen engines to begin with and diesel engines, as they become available.

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Boeing’s Kedah Composites JV to Start Producing In Jan 2001

9th May 2000 0 comments

The Boeing Commercial Airplane Group’s composite material parts joint venture in Kedah was expected to roll out its first batch of production by January next year, a Boeing official said. The RM153 million (US$40.2 million) project, undertaken through Asian Composites Manufacturing Sdn Bhd (ACM), is a joint venture between four parties. Besides Boeing, ACM’s other equal share partners (25% each) are Hexcel Corporation of the United States and two local firms, Sime Darby Bhd and Naluri Bhd, the latter a substantial shareholder in Malaysia Airlines

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Reinhold Industries Results

9th May 2000 0 comments

Reinhold Industries, Inc. today announced results for the first quarter 2000. The company reported first quarter 2000 revenues of $9.6 million, up 10% from $8.7 million for the first quarter 1999. The acquisition of Samuel Bingham Company on March 9, 2000 added $1.6 million to first quarter 2000 sales. Sales of commercial aircraft seatbacks decreased by $1.0 million (33%) due to ongoing commercial difficulties at B/E Aerospace. Sales in the Aerospace business unit increased by $0.3 million (24%) due mainly to higher sales of rocket nozzles. Sales in all other business units were flat. “We expect mixed results in 2000” said Michael T. Furry, president and CEO of Reinhold. 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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Lotus M250 Coupé In Series Production

9th May 2000 0 comments

Lotus is putting the fabulous M250 coupé into series production, with production expected to start in the early part of 2002. Lotus has turned the sports car market on its head with the production of its new super car at the price of a mid-range saloon car. The announcement to build the M250, of more than 4000 units a year will start in the in 2002 and the sports car will cost approximately £40,000. This approach continues to make Lotus a notable success story amongst UK car manufacturers. The company has been performing well in recent years and over the past five years turnover has more than doubled with profit increasing by over 500% the last two financial years. Similar to the Lotus Elise, the M250 uses the very latest composites technology to keep its weight below 1000kg; enhancing acceleration – 0-60mph in less than 5.0secs, 0-100mph in under 11.0secs – and benefits fuel consumption to rival the Elise which stands at 40 MPG. Top speed of the M250 is limited to 155mph.

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Core Materials Reports Increased Sales And Earnings Improvements

2nd May 2000 0 comments

Core Materials Corporation announced results for the first quarter ended March 31, 2000. Net income for the first quarter of 2000 was $822,000, representing a reversal of the losses recorded in the third and fourth quarters of 1999. The improvement in earnings for the first quarter of 2000 is the result of increased sales and operational improvements achieved from the Company’s Profitability Improvement Plan announced late last year. Management has realigned the Company’s manufacturing plants and processes by focusing on continuous improvement in three areas: reducing manufacturing costs, achieving superior customer satisfaction and strengthening the Company’s employee development systems. We have continued to develop the organization by strengthening the management teams both in Columbus and Gaffney in areas such as materials, quality, engineering, human resources and accounting. Both the Columbus and Gaffney operations have continued to show operational improvements over the previous quarters. However, the Gaffney facility continues to operate below expected performance levels. Core Materials Corporation is a compounder and compression molder of sheet molding composites (SMC). The company produces high quality fiberglass reinforced, molded products and SMC materials for varied markets, including transportation, marine, agricultural and commercial products. Core Materials, with its headquarters in Columbus, Ohio, operates plants in Columbus and Gaffney, South Carolina.

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ATK Successfully Completes Second Static Test Firing of Solid Rocket Motor

2nd May 2000 0 comments

ATK (Alliant Techsystems) said Alliant Aerospace Propulsion Company, Magna, Utah, successfully completed the second of three static test firings to qualify a new solid rocket motor for The Boeing Company’s Delta IV Medium-plus family of launch vehicles. The Delta IV vehicles are the latest derivative of the Delta family of rockets that has been lifting satellites into orbit since 1960. The new graphite epoxy motor, known as GEM-60, is designed to provide a lift capacity ranging between 12,890 and 14,475 pounds to geosynchronous transfer orbit (GTO) for the Delta IV Medium-plus family of vehicles. Jeff Foote, president, Alliant Aerospace Propulsion Company, said the new GEM-60 motor performed flawlessly during the second static firing. “The results achieved in the first two test firings indicate that we are squarely on track to qualify this important new solid rocket booster,” said Foote. “The GEM-60 development program has proceeded smoothly and on schedule from the very beginning, thanks to a strong partnership between Boeing and Alliant Aerospace Propulsion Company. We are looking forward to the final static test firing next month and the culmination of a great team effort.” The GEM-60 motors are manufactured at the group’s Utah Composites Center in Clearfield, Utah, and Utah Propulsion Center in Magna, Utah. ATK news and information can be found on the Internet at http://www.atk.com

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Advanced Technical Products, Inc. Announces of 1999 and 1998 Financial Restatement

2nd May 2000 0 comments

Advanced Technical Products, Inc today announced that it has completed its review of the books and records of its Alcore subsidiary. The Company has previously announced that it was making a review of the Alcore subsidiary’s books and records as a result of a Federal investigation into certain allegations relating to the Alcore subsidiary. The Company announced that it is restating its financial statements for the nine months ended October 1, 1999 and the year ended December 31, 1998. ATP designs, develops and manufactures advanced composite based materials and products from continuous high strength fibers which optimize structural performance while minimizing the components’ weight. ATP believes it is one of a very few with the ability to utilize multiple processes, such as, autoclave lamination, filament winding, resin transfer molding and metal bonding. Using these processes, the Company manufactures products for the aerospace and defense markets, as well as for commercial applications including oil and gas tubulars and fuel tanks for Natural Gas Vehicles. The Company is also a leader in the development and production of chemical defense systems.

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Thermo Fibergen Announces First Quarter Results

2nd May 2000 0 comments

Thermo Fibergen Inc, a Thermo Electron company, today reported revenues of $2,733,000 for the quarter ended April 1, 2000, compared with $2,074,000 for the same period in 1999. Net income was $278,000, versus $279,000 last year. “Higher demand for our Biodac(R) agricultural carriers continues to solidify our financial results, and we have also made considerable progress in our development of fiber-based composites for plastic lumber and other applications,” said Dr. Yiannis A. Monovoukas, president and chief executive officer of Thermo Fibergen. “We have made significant advancements in refining the formulations and manufacturing processes for our plastic lumber products. We expect to begin limited production in the second quarter, with production capacity increasing throughout 2000. Our composite materials have numerous advantages over plastic lumber products currently on the market, including improved strength and stiffness.” Thermo Fibergen Inc. designs, builds, owns, and operates fiber-recovery and water-clarification plants to help pulp and paper mills improve product quality, reduce costs, and close the loop in their water and solids systems. The company cleans and recycles water and long fiber to be reused in papermaking and converts the remaining solids into commercial products such as dust-free agricultural carriers, oil and grease absorbents, and cat box fillers. The company is actively investing in R&D for additional high-value products. Thermo Fibergen is a public subsidiary of Thermo Fibertek Inc., another Thermo Electron company. More information is available at http://www.thermo.com/subsid/tfg1.html.

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Ceramics Process Systems Announces First Quarter 2000 Results

2nd May 2000 0 comments

Ceramics Process Systems Corporation today announced net income of $109 thousand on revenue of $1.35 million for the fiscal quarter ended April 1, 2000. This compares with a net income of $151 thousand, on revenue of $1.25 million for the fiscal quarter ended April 3, 1999. Grant Bennett, President, said: “We believe the market for metal-matrix composites is continuing to grow rapidly and that we are well positioned to capture that growth.” CPS develops, manufactures and markets advanced metal-matrix composites for housing and providing thermal management of high-density electronics. The Company’s products are primarily used in high-density microprocessor assemblies, wireless basestations, motor controllers, and satellite communications.

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Sue Grimm Is Named as General Manager of Boeing-Spokane

2nd May 2000 0 comments

Sue Grimm, former senior manager for Boeing Space and Communications Group in Huntington Beach, Calif., is the new general manager of the Boeing-Spokane facility. Boeing Spokane produces floor panels, Air Control Systems (ACS) ducting and non-structural composite flight deck components. These products are shipped from Spokane to Boeing assembly plants in the Seattle area. Prior to this assignment, Grimm was senior manager, Advanced Production Composites, responsible for managing the Composite Business Unit for the Delta II, III, and IV launch programs.

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