Gov support Zoltek to raise acrylic & carbon fiber output

03 Apr '06

3 min read

Since becoming a public company in 1992, Zoltek has focused on a mission of “commercializing” carbon fibers – by reducing the cost and price of this high-performance, space-age material and producing it in the quantities needed to encourage widespread adoption in emerging applications.

Zoltek believes that it has been a catalyst in turning carbon fiber into the key enabling material for achieving breakthrough levels of performance in a variety of recently developed applications, including wind energy, ultra deepwater drilling, the creation of super- strong but super-lightweight concrete structures, and a new generation of extraordinarily fuel efficient cars.

In 1995, Zoltek acquired Magyar Viscosa Rt., whose principal business was producing acrylic fiber for textile markets, in a privatization transaction with the Hungarian Government. Since the acquisition, Zoltek has made substantial investments to convert the operation into production of acrylic fiber used as the precursor in Zoltek's low-cost method of manufacturing carbon fibers.

As a result, Zoltek capitalized on the opportunity to secure an abundant future supply of low-cost raw material and a wealth of highly skilled workers and engineering talent. Zoltek also has installed and is operating four carbon fiber production lines in Hungary.

Zoltek began as an industrial equipment and services company. We entered the carbon fiber business with an acquisition in 1988.

Zoltek Companies Inc

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