To all, here's the news,
Zoltek chooses Texas site for plant
Reuters Story - March 19, 1997 09:31
FINANCIAL HU EMRG EEU LDC IND US MUNI ZOLT V%REUTER P%RTR
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ST. LOUIS, Mo., March 19 (Reuter) - Zoltek Cos Inc said
Wednesday it chose Abilene, Texas, as the site of expanded
carbon fiber manufacturing capacity.
Zoltek said it plans to install and begin operation of
three new continuous carbonization lines in Abilene in the
spring and summer of this year.
The company also plans simultaneously to install two
identical lines at its facility in Hungary.
Eleven additional production lines are scheduled to be
installed by the company in 1998, allocated between Abilene and
Zoltek's facilities near Budapest, Hungary.
Each line will have a rated capacity of approximately one
million pounds of carbon fiber production per year.
Last month, Zoltek said it was on track to double its
annual capacity to make carbon fibers in 1997. It said its
objective is to increase annual manufacturing capacity to more
than 35 million pounds of carbon fibers by 2000. The materials
are used as a reinforcement in composites.
The Abilene site includes 14,000 square feet of newly
constructed and immediately usable manufacturing space, along
with 50 acres of land for future expansion.
The Abilene plant will employ about 65 people by the
September 30 end of the current fiscal year. More than 250
people will be employed as additional production lines are
added in the next sevearl years.
The carbon fibers made at Abilene will be targeted for U.S.
markets, while the production in Hungary will be mainly for
Europe and Asia.
"We expect this expansion in our capacity to provide a base
for substantial long-term growth in revenues," Rumy said.
((Reuters Chicago Newsdesk (312) 408-8787))
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Any comments, Flyguy? Time to buy yet?
Regards,
Tulvio |
