AGY announces capacity increase for L-Glass low-loss glass fiber
AGY Holding Corp., a leading global producer of glass fiber yarns and high-strength glass fiber reinforcement materials, based in Aiken, SC, is making investments to significantly increase capacity of its L-Glass™ fiber product line in response to tremendous demand for the low-loss glass fiber used in high speed printed circuit board applications. The new capacity will be commissioned in late 2015 and will expand L-Glass™ capacity by at least 200% for the fast growing application areas of high speed servers, automotive driver assistance systems, and handheld consumer electronics.
Saint-Gobain takes note of the decisions taken today at Sika’s Annual General Meeting following the restriction of the voting rights of Schenker-Winkler Holding (SWH), decided by Sika’s Management Board in violation of SWH’s rights. Saint-Gobain reiterates its determination to complete the transaction and has full confidence that the Swiss courts shall allow SWH to regain their rights according to the law.
Iluka Resources posts first quarter revenue slump
Mineral sands producer Iluka is undertaking a scoping study on South Australian mineral deposits after announcing a drop in first quarter output. Iluka (ILU) said today its total mineral sands output for the three months to March came in at 167,200 tonnes, a 24 per cent fall on the same period last year.
Morgan to set up new fibre plant in Abu Dhabi
UK-based Morgan Advanced Materials, a world leader in advanced materials technology, will set up a new fibre manufacturing plant, with a capacity of 5,000 tonnes in Khalifa Industrial Zone Abu Dhabi (Kizad), UAE. The new plant is a part of its expansion strategy to cater to growing demand and opportunities from the Middle East region.
Saint-Gobain steps up presence in abrasives in Brazil
Saint-Gobain has signed a joint venture agreement with British Indústria e Comércio Ltda., a manufacturer of non-woven abrasives in Brazil, resulting in the acquisition of 70% of this company’s equity. Created in 1996, the company is located in Indaiatuba, 100 km from Sao Paulo. It manufactures and sells non-woven abrasives for industrial applications (surface conditioning materials), professional cleaning and consumer goods.