With effect of September 21st, 2011, ELG Haniel GmbH of Duisburg (Germany) (ELG) has acquired 100% of the shares in Recycled Carbon Fiber Ltd. (RCF). RCF is the first company worldwide commercially operating in the field of recycling carbon fiber reinforced plastics (CFRP) and the reclamation and processing of carbon fiber.
The company has its corporate seat in Coseley, West Midlands (UK). The commercial reclamation of carbon fiber was initiated by the former shareholder Roy Price, who has over the period of ten years steadily developed the project to marketability. In 2009 RCF set up its UK facility for the reclamation of carbon-fiber on a commercial scale and, thus, became the pioneer in this market segment.
The acquisition of this young recycling company provides ELG with new growth potential in the rising market for composite materials. It enables ELG to implement a sustainable and ecological concept for the reclamation of carbon-fiber by means of its patent protected technology. The feedstock material is to a large extent waste from the manufacturing processes of CFRP, which previously had to be either incinerated or sent to land-fill.
The company will be supervised by the present MD Stephen Line and will operate under the name of ELG Carbon Fiber Ltd. In close co-operation with the RCF management team, ELG will further explore the new business segment of carbon fiber and is confident to expand it to a global group in this future-oriented industry.
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