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Thursday, March 31, 2011

Zoltek Restructures Carbon Fibre Business

Zoltek Corporation has restructured its carbon fibre business into three units focusing on Wind Energy, Composite Intermediates, and Technical Fibres.

The aim of the restructuring is to better align Zoltek resources with specific market opportunities and future growth. The Wind Energy Business Unit is structured to capitalize on Zoltek’s largest potential market. Dr Philip Schell was recently promoted to Executive Vice President, Wind Energy and will lead this Zoltek business unit.

The Composite Intermediate Business Unit will focus on the commercialisation of value-added carbon fibre products. According to Zoltek, the process of converting carbon fibres into a finished product is still plagued by a fragmented, inefficient supply chain. The company is now directing its commercialisation efforts to higher-throughput, lower-cost conversion methods designed to consolidate the supply chain and open up new market applications. These value-added, or 'composite intermediate', products are being developed by Zoltek’s R&D group. This business unit will be led by David Purcell, who was recently promoted to Vice President,

Zoltek has decided to add manpower to its Technical Fibers Business Unit, which includes the Pyron and Panex 30 carbon fibre product lines. Zoltek plans to strengthen its position in these markets and develop new applications for heat and friction resistant technical fibres. Peter Oswald has been named Vice President of this Technical Fibres business unit.

Zoltek Automotive is developing processes that are quicker and more efficient in the use of carbon fibre, products that will improve production of finished parts, and process machines and new intermediate products designed to suit high-volume automotive applications.

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