Mitsubishi acquires strategic stake in ELG Carbon Fibre

Japan’s Mitsubishi is to acquire a 25% stake in UK-based ELG Carbon Fibre (ECF) from ELG Carbon Fibre International, a subsidiary of ELG Haniel of Germany.

The agreement is subject to regulatory approval and other closing conditions.

ECF is engaged in reprocessing surplus carbon fibre reinforced plastic materials from manufacturing operations and end-of-life parts to supply carbon fibre products.

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