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

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Composites Industry News


Denali Reports Third Quarter Results

24th May 2000 0 comments

Denali Incorporated announced results for the three months and nine months ended April 1, 2000. Revenues for the fiscal third quarter of 2000 increased 27 percent to $46,142,000, up from $36,328,000 during the third quarter of fiscal 1999. Net loss for the third quarter was $1,650,000, excluding the impact of a restructuring charge in fiscal year 2000, compared to net income of $476,000 for the third quarter of 1999, excluding an extraordinary item. U.S. operations were below plan primarily due to less demand for storage tanks in the petroleum equipment industry. European operations were below plan primarily due to slowness in capital spending by European chemical companies as well as weakness in the Euro currency. The Company manufactures engineered fiberglass-composite tanks, vessels, and piping systems, as well as steel, aboveground storage tanks. Headquartered in Houston, Texas, Denali Incorporated has over 20 manufacturing facilities in the United States, the Netherlands, Germany, the United Kingdom, Poland, France, and Chile and joint ventures in Venezuela and Thailand. For more information on the Company, please visit its Website at www.denaliincorporated.com.

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Iran Launches New Car Production Line

24th May 2000 0 comments

Iran Sunday launched a new-look fibreglass sport utility vehicle targeting young drivers at home and abroad. The new vehicle, named “Sinad,” is the first offering from Kish Khodro Company, a joint venture based on the Gulf island of Kish, one of three free-trade zones set up to draw foreign investment. Private Iranian investors hold 51 percent of Kish Khodro shares, a state development bank owns 40 percent and BMS Management, a British engineering group that designed the vehicle, holds a nine-percent stake. BMS is the second foreign company with a stake in an Iranian automobile firm, after Germany’s Mercedez Benz, which is in a joint venture to build trucks. Kish Khodro started the $11 million Sinad project with an initial production target of 5,000 SUV’s a year, rising to 15,000 per year in the future, said the company’s chairman Mohammad Safari. The two-door Sinad is priced at about $10,000. A four-door and sports models are due out later.

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China, Saudi Arabia to Produce Fiberglass Pipe

24th May 2000 0 comments

China and Saudi Arabia will jointly produce fiberglass pipes in Dalian, a coastal city in northeast China’s Liaoning Province. Construction of the Dalian Amiantit Fiberglass Pipe Co., Ltd. has begun and it will cost 35.8 million U.S. dollars. It is the first joint venture funded by Saudi Arabia in northeast China. The company is expected to put into operation in June 2001 and it will produce 10,000 tons of fiberglass and 15,000 tons of fiberglass tubes a year. Its annual sales volume is expected to reach 250 million yuan (about 30 million U.S. dollars). The equipment and technology were imported from the United States and Sweden

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Resin Systems Inc – Superiority Of Composite Materials Resin Confirmed

24th May 2000 0 comments

Chemical technology company, Resin Systems Inc. issued the results of a series of tests conducted by the Alberta Research Council on the Company’s proprietary, environmentally friendly resins for the composite materials market. The tests were conducted to provide a “comparison of the mechanical properties of reinforced composite resins”. The results show that RSI’s urethane based resin is superior to current polyester resins as well as premium epoxy resins. An important test being conducted at the beta sites concerns the ability of the facilities to produce products at a faster rate in comparison to products produced with polyester or epoxy resins. The RSI resin is priced mid-way between polyester and epoxy resins.

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3D Composites Makes Available Technologies For Licence

24th May 2000 0 comments

UK-based 3D Composites, has announced it is making available, for the first time, new patented products and technologies to suitable ‘substantial and established’ companies on a licensing basis. Products for the building industry comprise composite three-dimensional modular panels, beam elements and a unique jointing system to create large three-dimensional structures. Typical applications include hospitals and offices, manufacturing plants, public and private housing, refrigerated and clean rooms, retail outlets and hotels. The extensive and diverse range of products currently being manufactured under licence include access covers and chambers approved and used by oil companies on garage forecourts in over 50 countries, train seats, chassis for electric powered vehicles and floor panels for vehicle manufacturing facilities.3D Composites holds an extensive portfolio of technology patents, including patents relating to products and manufacturing processes. For further information contact john@willowgroup.freeserve.co.uk

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Cincinnati Sentimental Over Pigs

16th May 2000 0 comments

The city that once shunned its Porkopolis nickname and hog-butchering past is turning sentimental about its porcine past. Dozens of artist-designed fiberglass pigs hit the streets this month, in time for the second annual Flying Pig Marathon this Sunday. In all, residents can look forward to 360 fiberglass pigs on the streets, in parks and in building lobbies during the Big Pig Gig art project that runs into October. The pigs will later be auctioned to raise money for arts groups. The idea came from a 1998 public art project in Zurich, Switzerland, which featured more than 800 decorated fiberglass cows. It was mimicked in Chicago last year with “Cows on Parade,” which was scheduled to hit New York City on June 15

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Compositech Ltd. Reports First Quarter Results

16th May 2000 0 comments

Compositech Ltd. a developer of high tech laminates for the printed circuit board industry, today reported results for the first quarter ended March 31, 2000. Because of the Company’s decision to suspend manufacturing operations in December 1999 and refocus its resources on locating suitable licensees, joint venture partners or purchasers for its patented technology and equipment design, the Company did not record any sales, manufacturing or research and development expense in the first quarter of 2000. Samuel S. Gross, Compositech’s Chief Financial Officer, said “Our operating cash requirement has been reduced to a level of approximately $120,000 a month. We expect further reductions as we pursue our plan of licensing our technology, joint ventures, sale of technology and merger or acquisitions. As part of this program, we are negotiating for additional required funding to satisfy existing liabilities and cover our reduced overhead until sufficient revenues are obtained from licensing programs. Discussions are progressing for potential mergers or acquisitions and related financing and we hope to have announcements on these in the near future.”

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Vanguard Aviation Corp – First Quarter Results

16th May 2000 0 comments

Revenue for the three month period ended March 31, 2000 was $690,807, a 203% increase over revenues of $339,773 reported in the three months ended March 31, 1999. The increase is attributable to increases in demand for Vanguard’s sheet metal, composite and labour services. Gross profit increased to $158,307 in the quarter ended March 31, 2000 compared to $106,406 in the same period in the prior year. The delivery and installation of the composite cure oven and ancillary equipment completes the initial equipping of the composite department. The composite department can now undertake almost any composite repair except for the most advanced. A priority objective for Vanguard in 2000 is to expand its composite business to utilize these new capabilities.

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SGL Carbon Optimistic After Q1

16th May 2000 0 comments

The SGL Carbon Group’s consolidated sales in Q1 2000 were, at DM 569 million, 38% up on the previous year’s period. The operating result increased as planned in the first quarter and, at DM 45 million, was 150% up on the weak first quarter of the previous year. The extraordinarily significant improvements in earnings in the Carbon and Graphite and Specialty Graphite Business Areas contrasted with losses in the Corrosion Protection Business Area arising from integration and portfolio adjustment costs and in the Fibers and Composites Business Area from start-up costs for the fiber production facilities and for the high-technology areas of fuel cell components and brake discs. The net income for the quarter amounted to DM 7 million and earnings per share according to DVFA/SG DM 0.66.

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NASA charts course to sail to the stars on largest spacecraft ever built

16th May 2000 0 comments

NASA is setting sail for the stars – literally. NASA’s Marshall Space Flight Center in Huntsville, Ala., is developing space sails technology to power a mission beyond our solar system. “This will be humankind’s first planned venture outside our solar system,” said Les Johnson, manager of Interstellar Propulsion Research at the Marshall Center. “This is a stretch goal that is among the most audacious things we’ve ever undertaken.” The interstellar probe will travel over 23 billion miles beyond the edge of the solar system. Proposed for launch in a 2010 time frame, an interstellar probe – or precursor mission, as it’s often called – will be powered by the fastest spacecraft ever flown. Johnson says transportation is quite possibly the toughest challenge with interstellar missions because they have to go so far, so fast. “The difficulty is that rockets need so much fuel that they can’t push their own weight into interstellar space. The best option appears to be space sails, which require no fuel,” he said. Thin, reflective sails could be propelled through space by sunlight, microwave beams or laser beams – just as the wind pushes sailboats on Earth. Rays of light from the Sun would provide tremendous momentum to the gigantic structure. The sail will be the largest spacecraft ever built, spanning 440 yards. Researchers are optimistic about recent breakthroughs with strong, lightweight composite materials. A leading candidate for sails is a carbon fiber material whose density is less than one-tenth ounce per square yard – the equivalent of flattening one raisin to the point that it covers a square yard. In space the material would unfurl like a fan when it’s deployed from an expendable rocket.

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