27th Apr 2024
Owens Corning reported Q1 FY24 net sales of $2.3 billion, unchanged from last year, with net earnings margins at 13 per cent. Adjusted EBIT and EBITDA margins were 19 per cent and 25 per cent, respectively. Composites sector sales fell 11 per cent to $523 million due to lower volumes and price drops, partially offset by positive pricing in...
24th Apr 2024
American company Hexcel Corporation reported sales of $472.3 million in Q1 FY24, up from $457.7 million last year, but saw gross margin drop to 25 per cent from 27.9 per cent. The company’s operating income fell to $54.1 million, despite gains in aerospace and defense sectors. Industrial sales dropped significantly by 27.9 per cent in Q1 FY24.
8th Apr 2024
Toray has been recognised by Northrop Grumman for its contributions to national security solutions. Northrop praised Toray for its quality excellence and assistance in manufacturing and distribution goals. Toray expressed pride in serving as a leading material supplier in the US and emphasised its commitment to delivering high-quality composite...
21st Mar 2024
Aluula Composites collaborates with Michelin Inflatable Solutions on R&D project, aiming to enhance construction with sustainable composite materials. Aluula's patented manufacturing process creates durable, lightweight, and recyclable materials. The partnership seeks to balance innovation, performance, and sustainability in product development.
11th Mar 2024
Scale Advanced Biocomposites launched BIO|Power and COR|Power at JEC World, aimed at replacing or enhancing carbon fibre in lightweight composites. BIO|Power blends natural fibres to reduce costs and emissions, while COR|Power reduces vibration in composites. Collaborations with bike manufacturers like REAP Design and 3T Cycling show promising...
4th Mar 2024
Arkema will present innovative and sustainable materials for composites at JEC World in Paris, addressing industry challenges like decarbonisation and circular economy. Highlighting polyimide films from PI Advanced Materials for extreme conditions and Bostik's adhesive solutions, Arkema will also showcase UDX brand semi-finished products.
28th Feb 2024
Avient Corporation will showcase its composite solutions, featuring new ballistic-resistant panels, at JEC World in Paris from March 5. Avient's portfolio includes advanced materials for diverse industries, emphasising sustainability through lightweight alternatives, recycled-content composites, and support for circular economy initiatives.
21st Feb 2024
Quantum Materials will reveal new developments for Innegra at JEC World, expanding its yarn range from 430 to 3800 deniers and introducing custom colours and coatings. Innegra, known for its lightweight and versatile properties, finds applications in diverse industries including aerospace, sports, and military. Quantum will exhibit at Booth #6P42A.
20th Feb 2024
Owens Corning reported $9.7 billion in sales in FY23, a slight decline from last year but improved EBIT margins to 19 per cent and EBITDA to 24 per cent. Diluted EPS at $13.14, adjusted at $14.42. The company’s composites segment saw a 14 per cent sales drop in FY23, with EBIT down to $242 million due to lower demand and inventory adjustments.