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Composite ind. CHANGE TOPIC

Composite industry news, May 2017

Clariant and Huntsman reach merger agreement

The boards of directors of Clariant and Huntsman Corporation have approved a definitive agreement to merge the companies.

Hexcel Corporation’s executive vice president and chief financial officer Wayne Pensky intends to retire at the end of the year.

Plastic compounding specialist Ensinger has acquired Swiss plastics processing company next composites GmbH.

President and CEO of Chromaflo Technologies Corp Scott Becker has joined the American Coatings Association (ACA).

McClarin Plastics has acquired Custom Composites, an Oklahoma-based manufacturer of polypropylene and composite glass fiber products.

Coating specialist PPG says that has been named one of America's best large employers, according to a list published by Forbes magazine.

Chongqing Polycomp International Corp (CPIC),has moved its North American headquarters from Los Angeles, California, to Albany, NY.

TPI Composites, Inc has signed a multiyear supply agreement with Vestas Wind Systems A/S.

The Composite Recycling Technology Center (CRTC) has earned the silver award for sustainability from Seattle Business Magazine.

Kansas-based Leading Technology Composites (LTC) has won an Outstanding Small Business of the Year for 2016.

KraussMaffei has expanded its technical center for lightweight components and fiber composite technology in Munich, Germany

The Institute for Advanced Composites Manufacturing Innovation, IACMI, has formed a partnerhip with molding specialist RocTool.

Chemical company Huntsman Corporation has completed its acquisition of IFS Chemicals Limited (IFS).

Spirit AeroSystems, which makes composite parts for aerospace, has been named a 2017 DiversityInc Noteworthy Company.

Hexagon Lincoln has entered into a long-term agreement with oil and gas specialist Certarus Ltd.

Ahlstrom-Munksjö has been awarded with a Gold rating by EcoVadis, a platform which provides sustainability ratings.

Gunnar AG has formed a partnership with Germany-based Robuso, which supplies a range of manual, electro and air powered shears and scissors.

Textile machinery supplier Itema SpA is to acquire 61% of the shares in Lamiflex SpA.

PlastiComp Inc has completed installation of an additional pultrusion line which makes long carbon fiber reinforced thermoplastic composite pellets.

Sabic’s corporate venturing arm has reportedly invested in composites specialist Airborne International BV.

DSM has reported what it calls a ‘very strong first quarter’, with sales up 13% to €2,159 million.

Researchers from Washington State University have developed a new method to recycle the carbon fiber plastics.

Plasan Carbon Composites (PCC) has appointed Robert Willig as president and CEO.

Fibermaq, a Brazilian composite molding equipment company, had its operation recertified under quality standard ISO 9001:2008.

The epoxy composite market is projected to reach US$33.06 billion by 2021, at a CAGR of 7.34% between 2016 and 2021, according to Research and Markets.

Hexcel reports net sales of US$478.8 million for Q1, compared to US$497.7 million in the same period of 2016, 3.8% lower than last year.

The Engel Group has appointed Markus Richter as chief financial officer.

Rockman Industries, the auto components arm of Hero Group, has opened its UK office, the first outside India for its composites subsidiary, Moldex.

Gurit has acquired PH Windsolutions a Canadian manufacturer of wind turbine blades.

Scigrip has appointed three new distributors in Germany, Switzerland and Austria.

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