Latest news with #composites
Yahoo
6 days ago
- Business
- Yahoo
Continuous Composites Secures Multi-Year Award to Validate High-Performance Materials
COEUR D'ALENE, Idaho, July 14, 2025 /PRNewswire/ -- Continuous Composites (CCI) has been awarded multi-million-dollar funding from the U.S. Air Force as part of a multi-year contract to advance the development of high-performance materials using CF3D® technology. This funding is divided into two phases: The first phase, currently underway, focuses on establishing baseline material properties and a performance validation campaign to benchmark CF3D-produced components against traditional manufacturing methods, such as those used for materials like Carbon-Carbon. The second phase of the funding will support the expansion of this work, enabling full-scale component production and flight testing. This phase will allow CCI to refine production processes, conduct additional testing, and further advance CF3D's capabilities for high-temperature applications. CF3D (Continuous Fiber 3D) technology enables the automated manufacturing of continuous fiber composites in near-net shapes, offering precise control over fiber orientation and geometry. This capability facilitates the scalable production of complex parts with enhanced design flexibility and the ability to meet the high-performance requirements of high-temperature applications. About Continuous CompositesContinuous Composites is redefining composite manufacturing with CF3D, its patented Continuous Fiber technology. By integrating advanced materials fiber steering and automated manufacturing, CF3D enables the production of lightweight, high-performance structures with unmatched precision and scalability. This innovative approach transforms how complex components are made, unlocking new possibilities across aerospace, defense, and UAV sectors. Media ContactLiz SchmittouDirector of Marketing, Continuous Compositesinfo@ View original content to download multimedia: SOURCE Continuous Composites Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
09-07-2025
- Business
- Globe and Mail
Lucintel Forecasts Glass Fiber Market to Reach $14.0 billion by 2031
Lucintel finds that the future of the global glass fiber market is promising with opportunities in the marine, transportation, pipe and tanks, aerospace, construction, electrical and electronics, consumer goods, and wind energy. The glass fiber material market is expected to reach an estimated $14 billion by 2031 with a CAGR of 4% from 2024 to 2031. The major driver for this market is rise in demand for products made of glass composites; these include bathtubs, pipes, tanks, printed circuit boards, wind blades, and automotive parts. According to the recent study the glass fiber market is projected to reach an estimated $14.0 billion by 2031 from $10.5 billion in 2024, at a CAGR of 4% from 2024 to 2031. Growth in this market is primarily driven by rise in demand for products made of glass composites; these include bathtubs, pipes, tanks, printed circuit boards, wind blades, and automotive parts. Browse 104 figures / charts and 78 tables in this 219 -page report to understand trends, opportunities and forecast in glass fiber market by end use (marine, transportation, pipe and tank, aerospace, construction, etc), manufacturing process (hand lay-up, spray up, filament winding, pultrusion, etc), product type (single end roving, multi end roving, DUCS, continuous filament mat, and yarn), and region (North America, Europe, Asia Pacific, and the Rest of the World). Lucintel forecasts that construction will remain the largest end use by value and volume due to growing infrastructure development and rising demand for energy-efficient buildings. Aerospace is expected to witness highest growth over the forecast period. Single end roving will remain the largest product type by volume over the forecast period. Download sample by clicking on glass fiber market Asia Pacific is expected to remain the largest region by value and volume over the forecast period because of growth in construction, pipe and tanks, and the electrical and electronics segments. Growing economy, growth in population, and urbanization are the major forces that drive the construction segment, especially in China and India and it is also expected to witness the highest growth over the forecast period. Praana Group (Owens Corning), Jushi Group Co., Ltd., Chongqing Polycomp International Corporation, Taishan Fiberglass Inc., Taiwan Glass Group, Nippon Electric Glass Co. Ltd., Sichuan Weibo. Co. Ltd, Johns Manville Corporation, Nitto Boseki Co. Ltd are the major suppliers in the glass fiber market. This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@ To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard About Lucintel At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. Contact: Roy Almaguer Lucintel Dallas, Texas, USA Email: Tel. +1-972-636-5056 Explore Our Latest Publications Energy Storage for Drone Market First Person View Drone Market Frac Valve Market Hand-Thrown Fixed-Wing Drone Market Media Contact Company Name: Lucintel Contact Person: Roy Almaguer Email: Send Email Phone: 972.636.5056 Address: 8951 Cypress Waters Blvd., Suite 160 City: Dallas State: TEXAS Country: United States Website:
Arab News
26-06-2025
- Business
- Arab News
OSP hosts region's first ever JEC Composites Talks in Saudi Arabia
Saudi Arabia hosted the JEC Composites Talks Middle East on June 24 in Alkhobar, marking the region's first event fully dedicated to composite materials. Organized by JEC and hosted by the OSP, the event promotes polymer‑based applications, fosters industrial diversification through non‑metallic materials, and accelerates the transfer of innovative technologies while forging partnerships between local and international stakeholders. Against the backdrop of Saudi Vision 2030 and significant investments in the region in advanced materials, fiber‑reinforced composites are emerging as key enablers across sectors such as mobility, construction, energy, oil and gas, and infrastructure. The JEC Composites Talks Middle East gathered industry leaders, policymakers, researchers, and entrepreneurs to explore market trends, localization strategies, technological innovation, sustainability, and the composites value chain, capped by a curated networking reception. On June 25, participants visited SPARK, Mateen Bar, and Novel facilities to experience firsthand regional capabilities. Mohammad Al-Tayyar, program director of OSP, said: 'Our partnership with JEC marks a new era for the composites industry in Saudi Arabia paving the way for significant advancements in environmentally efficient solutions and industrial partnerships, ensuring that the Kingdom remains at the forefront of the composites market.' Thomas Lepretre, vice president sales, events and operations at JEC Group, said: 'Middle East and Saudi Arabia represent a strong market potential for composites materials. We are very pleased to be partnering with OSP and being able to serve the composites industry by organizing events in the Kingdom.' Building on this momentum, the first JEC Forum Middle East — a business meetings‑focused event— will be held in Riyadh on June 23–24, 2026, uniting the region's composites value chain.
Globe and Mail
24-06-2025
- Automotive
- Globe and Mail
CYMAT ENTERS INTO LETTER OF INTENT WITH RIO TINTO ALCAN TO ACQUIRE TECHNOLOGY & ASSUME CUSTOMERS OF THEIR PROPRIETARY ALUMINUM METAL MATRIX COMPOSITES BUSINESS
MISSISSAUGA, ON , June 24, 2025 /CNW/ - Cymat Technologies Ltd. (TSXV: CYM) (OTCQB: CYMHF) (the " Company" or " Cymat") is pleased to announce that it has entered into a Letter of Intent ("LOI") with Rio Tinto Alcan Inc. ("RTA") to acquire the technology and related knowhow to manufacture its proprietary aluminum metal matrix composites ("MMC") and to facilitate the transfer of RTA's customers for the product. MMC is a ceramic particle-infused aluminum used in the automotive and rail industries for light weight components requiring extreme wear-resistance. RTA, who has been manufacturing and selling its proprietary MMCs for over 40 years, has decided to exit the business due to a strategic reorganization. As the only major supplier of this proprietary MMC in the world, RTA is seeking a smooth and un-interrupted transition of this business for its long-standing customers. Cymat utilizes this product as its primary input material to produce stabilized aluminum foam ("SAF"). Its familiarity with the material makes Cymat well qualified and uniquely positioned to take on this business line. Cymat intends to establish MMC production capability within its existing Mississauga plant. Given the similarities and common skill sets required to produce MMC with its own SAF product, Cymat will have the ability to utilize its existing workforce, engineering, and support services to efficiently and economically produce this proprietary MMC. From a financial perspective, historical sales volumes provided by RTA suggest that Cymat could realize incremental annual revenue in the range of $7.5M - $10M with margins comparable to or better than its Alusion TM product. Capital costs for equipment are estimated to be in the range of $2M - $2.5M . Technology and knowhow transfer expenses, while yet to be finalized, are anticipated to be in the low to mid six-figure range. Cymat is planning to finance this initiative through a combination of existing outstanding warrant proceeds and equipment financing sources. Cymat anticipates that it will be fully commissioned and operational with this product line by fiscal year end. The assumption of this new business line provides two major benefits for Cymat. Firstly, it adds a substantial uncorrelated and predictable revenue stream to Cymat's existing business. With its ability to utilize existing resources among other synergies, Cymat expects this venture to be highly profitable. Secondly, it reduces the cost of Cymat's primary input material and majority cost element by a substantial factor. This positions Cymat to be extremely price-competitive and compelling for targeted customers in its key automotive vertical. It also opens up business opportunities in high-volume verticals where SAF has historically been price un-competitive. Michael Liik , Cymat's CEO and Chairman, stated, "This is a highly unique opportunity for Cymat to leverage our existing facilities and unique skill sets to realize a major expansion of our business. This initiative combined with anticipated sales growth in the nuclear and military verticals in our SAF business should accelerate our path to substantial profitability " He added, "Since inception, we have looked for ways to bring this capability inhouse and have now achieved this feat -together with a substantial book of business - making this absolutely transformational for Cymat." About Cymat Technologies Ltd. Cymat Technologies Ltd. has the global rights, through patents and established know-how, to manufacture and sell Stabilized Aluminum Foam ("SAF"), a unique, ultra-light, cellular metallic material. The proprietary production process entails the injection of gases through a molten bath of alloyed aluminum infused with ceramic particles. The result is an advanced, lightweight, recyclable material that exhibits unique characteristics including customizable density and dimensions; mechanical energy absorption; thermal and acoustic insulation; and time, temperature and strain-rate insensitivity. A key benefit of this continuous foam production process is its scalability and resultant low cost of production. SAF is used in such industries as architectural design, military and automotive. Cymat markets its architectural SAF under the Alusion TM brand and its automotive and military SAF under the SmartMetal TM brand. For further information, please visit our website at Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Certain material assumptions regarding such forward-looking statements may be discussed in this news release and the Company's annual and quarterly management's discussion and analysis filed at Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
Entrepreneur
24-06-2025
- Business
- Entrepreneur
Fabheads Raises USD 10 Mn Series A Led by Accel to Revolutionise Composite Fiber Manufacturing
The funds will primarily be used to scale up the company's manufacturing capacity, while also expanding its leadership team and strengthening its client-facing engineering and R&D divisions. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Fabheads, a Chennai-based deeptech startup, has raised USD 10 million in a Series A funding round led by Accel, with participation from Trifecta Capital. The funds will be deployed to significantly expand Fabheads' manufacturing capacity, strengthen its leadership team, and boost its engineering and R&D capabilities. This round brings the total funding raised by the company to USD 13 million. The company, founded in 2015 by former ISRO engineers Dhinesh Kanagaraj and Abhijeet Rathore, specialises in automating the manufacturing of continuous fiber composites—a process traditionally known for being slow, labor-intensive, and wasteful. According to the company statements, Fabheads is currently the only Indian company, and one of only seven globally, to have successfully automated this complex process using proprietary robotic systems. "Having experienced the limitations of manual composite manufacturing firsthand during our time at ISRO, we knew an innovative disruption was necessary — not incremental," said Dhinesh Kanagaraj, Co-founder and CEO of Fabheads. "This funding enables us to take a major step towards making composites accessible for aerospace, mobility, clean energy, and more." Fabheads' core offering includes a patented automated fiber placement system that can reduce manufacturing costs by up to 50%, material wastage by 20%, and accelerate production cycles by 30%. Their technology addresses long-standing inefficiencies in composite fiber production, particularly for high-performance applications in aerospace and mobility. With backgrounds in aerospace and mechanical engineering from IIT-Madras and IIT-Delhi respectively, the founders bring rich domain expertise, having worked on GSLV-Mk3 launch vehicles and satellite structures at ISRO. Accel Partner Prayank Swaroop added, "Fabheads has built proprietary technology that rivals the best globally in a domain with few serious players. They are addressing a critical bottleneck in advanced manufacturing." Fabheads plans to establish a new, larger manufacturing facility in Bengaluru to cater to the growing demand from India's aerospace sector and explore global markets. With this funding, Fabheads is poised to lead India's push into high-performance, automated composite manufacturing on the world stage.
