Zoltek and Magna partner on SMC
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www.reinforcedplastics.com 11 REINFORCEDplastics BUSINESS MAY/JUNE 2012 Zoltek and Magna partner on SMC Kaman and Kineco form Indian joint venture US HEADQUARTERED carbon fibre manufacturer Zoltek Companies Inc and global auto- motive supplier Magna Exteriors and Interiors have agreed an exclusive global collaborative partnership to develop low-cost carbon fibre sheet moulding compound (SMC) for the auto- motive industry. An operating unit of automotive parts supplier Magna Interna- tional Inc, Canada, Magna Exteriors and Interiors is a supplier of exterior and interior systems, including Class A composite panels. It also manu- factures sheet moulding compound (SMC) material, EpicBlend-SMC™, in multiple formulations. The new carbon fibre SMC will combine Zoltek’s Panex®35 carbon fibre with Magna’s EpicBlendSMC formula- tions and production expertise. The product will be branded EpicBlendSMC EB CFS-Z. The new carbon fibre SMC will enable Magna to offer an expanded range of lightweight parts and sub-systems for auto- motive, commercial truck and other markets. Magna Exteriors and Interiors will also sell the SMC directly to moulders. Magna International Inc; www.magna.com Zoltek; www.zoltek.com KAMAN AEROSPACE Group Inc and Kineco Pvt Ltd have announced an agreement to form a company in India to manufacture composite struc- tures for aerospace, medical and other industries. The new company, to be called Kineco Kaman Composites - India, will initially be based at Kineco’s existing facility in Goa, which employs approximately 150 people and produces composite structures utilising carbon fibre and autoclave curing technology. According to Gregory L. Steiner, President of Kaman Aerospace Group, this joint venture repre- sents a further step in Kaman’s strategy for its composites business. “Kineco brings strong local knowledge and business rela- tionships and when combined with our international customer base we anticipate major oppor- tunities in both commercial and defence applications,” he says. This partnership will enable Kineco to participate in the global market. The financial terms of the trans- action have not been disclosed and completion is subject to due diligence. Kaman Aerospace Group; www.kaman.com Kineco; www.kinecogroup.com
Transcript of Zoltek and Magna partner on SMC
www.reinforcedplastics.com 11REINFORCEDplastics
BUSINESS
MAY/JUNE 2012
Zoltek and Magna
partner on SMC
Kaman and Kineco form
Indian joint ventureUS HEADQUARTERED carbon
fi bre manufacturer Zoltek
Companies Inc and global auto-
motive supplier Magna Exteriors
and Interiors have agreed an
exclusive global collaborative
partnership to develop low-cost
carbon fi bre sheet moulding
compound (SMC) for the auto-
motive industry.
An operating unit of automotive
parts supplier Magna Interna-
tional Inc, Canada, Magna
Exteriors and Interiors is a
supplier of exterior and interior
systems, including Class A
composite panels. It also manu-
factures sheet moulding
compound (SMC) material,
EpicBlend-SMC™, in multiple
formulations. The new carbon
fi bre SMC will combine Zoltek’s
Panex®35 carbon fi bre with
Magna’s EpicBlendSMC formula-
tions and production expertise.
The product will be branded
EpicBlendSMC EB CFS-Z. The
new carbon fi bre SMC will
enable Magna to off er an
expanded range of lightweight
parts and sub-systems for auto-
motive, commercial truck and
other markets.
Magna Exteriors and Interiors
will also sell the SMC directly to
moulders.
Magna International Inc;
www.magna.com
Zoltek; www.zoltek.com
KAMAN AEROSPACE Group Inc
and Kineco Pvt Ltd have
announced an agreement to
form a company in India to
manufacture composite struc-
tures for aerospace, medical and
other industries.
The new company, to be called
Kineco Kaman Composites -
India, will initially be based at
Kineco’s existing facility in Goa,
which employs approximately
150 people and produces
composite structures utilising
carbon fi bre and autoclave
curing technology.
According to Gregory L. Steiner,
President of Kaman Aerospace
Group, this joint venture repre-
sents a further step in Kaman’s
strategy for its composites
business.
“Kineco brings strong local
knowledge and business rela-
tionships and when combined
with our international customer
base we anticipate major oppor-
tunities in both commercial and
defence applications,” he says.
This partnership will enable
Kineco to participate in the
global market.
The fi nancial terms of the trans-
action have not been disclosed
and completion is subject to
due diligence.
Kaman Aerospace Group;
www.kaman.com
Kineco; www.kinecogroup.com
