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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


69% Increase In DSM’s First-Quarter Profits to EUR 137 Million

2nd May 2000 0 comments

DSM posted a net result from ordinary activities of EUR 137 million for the first quarter of 2000, up 69% from Q1 1999. Commenting on the result, Peter Elverding, chairman of the DSM Managing Board of Directors, said: “The high sales-volume growth of 15% and the strong increase in net profits clearly show that our strategy of profitable growth is successful. Furthermore, the Operational Excellence programme is clearly paying off. Given this favourable start, I expect DSM’s profits in 2000 to be considerably higher than in 1999.” Net sales in the first quarter of 2000 amounted to EUR 2.0 billion, 33% higher than in the first quarter of 1999, and were the highest quarterly sales in DSM’s history. First-quarter sales were higher than in 1999, despite the divestments made by DSM Engineering Plastic Products in 1999 and by DSM Composite Resins in Q1 2000. The increase in sales was due to the higher sales volumes recorded by all business groups, especially DSM Engineering Plastics and DSM Elastomers, and the high exchange rate for the dollar. Margins were under pressure due to an increase in raw-material prices. On balance, the operating result increased, in particular at DSM Engineering Plastics.

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Brunswick Technologies First Quarter Results and CertainTeed’s Tender Offer

2nd May 2000 0 comments

Brunswick Technologies Inc, a leading manufacturer and innovative developer of composite reinforcements, announced it will report first quarter 2000 financial results on Friday, May 5, 2000. BTI is currently the subject of an unsolicited tender offer by Compaigne de Saint-Gobain’s wholly owned subsidiary CertainTeed Corporation. BTI’s Board is continuing to evaluate the offer and has retained McDonald Investments Inc. to assist in that process. BTI has advised shareholders not to respond to the offer and that BTI’s Board of Directors will provide its recommendation on the offer to shareholders prior to May 4, 2000. In addition, BTI has alleged that CertainTeed and its affiliates, the owner of approximately 14% of the outstanding common shares of and a major supplier to BTI, violated Sections 13(d) and 14(d) of the Securities Exchange Act by failing to make timely amendments to its Schedule 13D disclosing its intent to acquire control of BTI, and by failing to comply with SEC requirements concerning the delivery to BTI of its tender offer materials. In addition, BTI’s 5 Count Complaint alleges that the actions of CertainTeed and its affiliates have violated Maine state law. As part of the relief requested, BTI has asked in the best interests of all BTI shareholders that the federal district court enter an interim order temporarily halting CertainTeed’s tender offer for 30 days, so that BTI’s Board of Directors can undertake a reasoned and expeditious evaluation of the terms and conditions of the tender offer and make a recommendation to its shareholders. Examples of products manufactured with BTI engineered reinforcements include: ballistic armor, boats, snowboards, railcars, truck panels, wind blades, airframe structures, automotive parts, marine pilings, bridges, and offshore oil and gas production equipment. BTI has manufacturing facilities in the Maine, Texas and the UK.

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Penda Announces Final Sale of Company

2nd May 2000 0 comments

Penda Corporation announced, that effective April 26, the final sale of the company to William Blair Capital Partners, Wind Point Partners, and Norwest Equity Partners, was completed. The current management team at Penda also participated in the new company’s ownership. Penda is the nation’s largest manufacturer and marketer of pick-up truck bedliners, serving both the original equipment and automotive aftermarkets. Penda also manufactures a full-line of truck accessories including soft and hard tonneau covers, step boards, tie-downs, and bedmats. Penda’s subsidiaries, Penda Glasstite, Inc. and Tri-Glas Corporation manufacture premium fiberglass truck caps, running boards and hard tonneau covers. Jack Thompson, President and CEO of Penda Corporation, states, “Penda will continue to focus on making our customers and employees 100% successful. That is what has led to our market leadership in the bedliner industry. Our management team is excited about the new opportunities this partnership will bring.” The new ownership will allow Penda to have access to additional equity to continue their aggressive acquisition strategy. Penda has positioned themselves as a complete platform for truck accessories by purchasing companies that complement their product line over the last 2 years.

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Composite Automobile Research Opens Office in Nation’s Capitol

2nd May 2000 0 comments

Composite Automobile Research Ltd. announced it has opened an office in Washington, D.C. The office directs worldwide sales and marketing, as well as monitor the company’s operations. The company also announced an agreement with American Transport Sales Inc. (ATSI) of Lighthouse Point, Fla to commence operations for factories to build WorldStar vehicles in Senegal and Gambia. Composite Automobile Research Ltd. and World Transport Authority Inc. serve the emerging world’s transportation needs through in-country manufacturing facilities utilizing local semi-skilled labor to produce the WorldStar(R) line of utility vehicles.

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Vermont Composites Completes Delivery of Components for Third X-34 Fuselage

2nd May 2000 0 comments

Vermont Composites, Inc., Bennington, Vermont has completed the delivery of the third ship set of composite components for NASA’s X-34 Technology Demonstrator Vehicle Program. The ship set of components comprising of approximately 80 parts was delivered to Orbital Sciences Corporation, Dulles, VA, who will perform the final assembly and vehicle integration. Vermont Composites was awarded the contract by demonstrating that they could design and produce cost effective mold tools in a short time period using solid models downloaded from Orbital’s FTP site. The composite material specified by Orbital Sciences was a low temperature cure epoxy system allowing Vermont Composites to use low cost mold materials that could be quickly fabricated. The fuselage components are sandwich structures with carbon epoxy skins and aluminum honeycomb core. The components were processed in an autoclave for the initial cure and then went through a freestanding oven post cure to increase the high temperature performance of the components. Orbital’s X-34 technology demonstrator launch vehicle is a key step in NASA’s efforts to develop a robust test bed for reusable launch vehicle technology to be applied to future space transportation. The X-34 will be launched from below an L1011 aircraft, fly to the edge of the earth’s atmosphere, return and land on a conventional runway – repeatedly. For more information visit www.orbital.com. Vermont Composites, Inc. offers a full line of services from design and analysis to prototyping and production of high performance composite components. They produce high performance composite parts for the medical, aerospace, electronic, and industrial markets. More information on www.vtcomposites.com.

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Performance Materials Purchases BayComp

2nd May 2000 0 comments

Performance Materials Corporation (PMC), a manufacturer of thermoplastic composite materials and components, has acquired the assets of BayComp, a division of Bay Mills Limited Corporation a subsidiary of Saint-Gobain Group of Paris, France. Performance Materials, located in Camarillo California, services the athletic and medical podiatry and orthopedic markets. Thomas Smith, President and CEO of PMC, states that the synergy between each company’s products, markets, technical know how and management philosophy and strategy makes this an ideal match. BayComp, a manufacturer of thermoplastic composite tapes, pellets, sheet materials and components, will continue to operate in its existing facility in Burlington, Ontario. Performance Materials Corporation and BayComp Company strive to be leaders in the development and manufacturing of thermoplastic composites. For more information contact Thomas Smith.

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Ex-NASA Official Sounds Off on X-33 Fuel Tanks – Addendum

26th April 2000 0 comments

It has been pointed our to us that our story regarding the X-33 hydrogen tank last week was factually incorrect, the most important point being that the fuel tanks had carbon fiber reinforced composite facesheets and a composite honeycomb core, not a metallic composite structure. This article was based on a news release from a respected worldwide news service, and reported on the opinions of a former NASA official. Our apologies for the error.

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Fiberglass Snoopys

26th April 2000 0 comments

ST. PAUL, City plans to honor “Peanuts” creator and St. Paul native Charles Schulz with a display of fiberglass Snoopys. The city has proposed a series of Snoopys decorated in various artistic styles to be put on public display this summer. As many as 50 of the beloved beagles could be included. Schulz, 77, died of cancer on Feb. 12, the eve of publication of the last Sunday “Peanuts” comic strip.

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Car parts from chicken feathers?

26th April 2000 0 comments

When a poultry processing plant in Southwest Missouri closed, who would have thought that the former plant’s waste would become the new plant’s main business? Soon trucks will be delivering loads of raw feathers from other poultry processing plants to be converted into feather fibers. Featherfiber Corporation, the new owner, is refurbishing the plant. As well as items such as filters, diapers, clothing, paper, absorbent pads and wipes, insulation and upholstery padding, the feather fibers and the quills can also replace some of the plastic or fiberglass in products such as auto dashboards, door panels, ceiling lining, and other internal molded parts.

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Bangladesh, India in Race for Investment in Jute Sector

26th April 2000 0 comments

Bangladesh and India are in the race to attract a one billion U.S. dollars foreign direct investment (FDI) in the jute sector, local English newspaper Financial Express reported Wednesday. The report said that Bangladesh might be deprived of the big chunk of FDI because of a skilful lobby of India to grip the investment. An American firm has planned to set up a thermoplastic jute composite plant in either of the two countries and the mentioned investment will span a period of five years. In addition to Bangladesh and India, China is also in the competition for the FDI when the U.S. firm decides whether to produce flax, sisal or hemp instead of jute fibers, the report said. The American company, which was said to be “extremely committed ” to the project, has already made required technology, financing and marketing arrangements for the plant, the report said, without giving the company’s name. While senior official in the just defunct International Jute Organization (IJO) R. Mandal was quoted as saying that India is in the most advantageous position to get the investment, Bangladeshi experts believe that the country is supposed to attract the U.S. investment as the country has a vast scope to diversify jute products and a huge surplus volume of raw jute at comparatively low cost, the report said.

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