Zoltek restructures carbon fibres business

Zoltek has restructured its carbon fibre business into three units focusing on wind energy, composite intermediates, and technical fibres.

This is in addition to Zoltek Automotive, a subsidiary formed in April 2010 to accelerate the incorporation of carbon fibre products into automotive applications. The aim of the restructuring is to better align Zoltek resources with specific market opportunities and future growth. It believes wind energy, composite intermediates and technical fibres are markets that represent significant short-term growth for the company, while automotive applications represent significant long-term growth.