FREE MEMBERSHIP

Get your FREE Inside Composite membership

Sign me up!

11th April 2019, Coseley

Mitsubishi completes acquisition of strategic stake hold in ECF

ECF is the first company to have established stable commercial production of reclaimed carbon fibre. © ELG Carbon Fibre

ECF is the first company to have established stable commercial production of reclaimed carbon fibre. © ELG Carbon Fibre

Mitsubishi Corporation (MC) has completed the acquisition of 25% of shares in ELG Carbon Fibre (ECF), following the news announced in December last year. Under the agreement, MC will use its existing resources to promote the sales and marketing of ECF recycled carbon fibre products and accelerate the global expansion of ECF’s recycling operations.

By uniting ELG Haniel’s advanced technology and proficiency in the metals reprocessing industry, ECF’s know-how regarding carbon fibre recycling and MC’s global network and broad interface with different industries, the companies say they can now enhance their global business development and reliable supply of reprocessed carbon fibre.

ECF is the first company to have established stable commercial production of reclaimed carbon fibre, supplying to markets such as the automotive, electronics and wind energy markets. “This transaction demonstrates our commitment to driving shareholder value and developing the business on a global scale,” commented Frazer Barnes, ECF’s Managing Director.

“With the strong support of MC, we have already actioned our integration plans to achieve profitable and sustainable growth targets and are confident in our ability to achieve these goals. This agreement provides valuable resources to support ECF’s continued expansion and strengthens our position within the Asian and North America markets.”

The shareholders of ECF will become ELG Carbon Fibre International (ECFI), a 100% owned subsidiary of ELG Haniel in Germany and MC.

www.elgcf.com

This article is also appears in...

Comments

Be the first to comment on Mitsubishi completes acquisition of strategic stake hold in ECF

|

Back to Top