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For further details see our joint press release.
Zoltek Companies, Inc. are to increase the price of all Pyron oxidized/stabilized PAN fibre products by up to 8 percent, effective June 1, 2005.
Customers in the aircraft brake business and other customers under long-term contracts are excluded from the increase.
Pyron fibres are used in heat and flame resistant products in the automotive, mattress and furniture and protective clothing markets.
“”This price increase is in response to rising energy and raw material costs and is needed to enable Zoltek to continue to invest in expanding this business segment in support of customers’ requirements,”” Tim McCarthy, Zoltek’s Vice President Sales and Marketing, said. McCarthy pointed out that it was the Company’s first price increase for Pyron products in several years.
The fibre is made by continuously oxidizing pan precursor to a carbon level of 62 percent. Pyron carbon fibres are generally used to replace asbestos in low-cost friction applications such as automotive or industrial clutches and brakes. Other applications include protective fabrics and chemically resistant packings for pumps and valves.
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