Latest news with #composites
Reuters
11 hours ago
- Business
- Reuters
Constellium bets on lighter, recycled aluminium for future planes
PARIS, June 19 (Reuters) - Constellium is testing lighter alloys and more comprehensive recycling as the aluminium processor positions itself for future single-aisle jets, where competition from composite materials is set to intensify. Having lost share to composites in larger planes like Airbus' ( opens new tab A350 and Boeing's (BA.N), opens new tab 787, aluminium suppliers have held their ground in existing smaller models like the Airbus A320, helped by low-density alloys and the industry's familiarity with using aluminium for mass-produced jets. Aluminium still has plenty of demand to come from current models, after a boom in plane orders and as recent supply chain snags ease. Metals analyst CRU projects 8% average annual growth in aluminium consumption in aerospace in Europe and North America during 2024-29. But as attention turns to the next generation of narrow-body jets, aluminium will renew its tussle with composites, with suppliers of the metal like Constellium and Novelis ( opens new tab competing with composites providers like Hexcel (HXL.N), opens new tab. Planemakers, focused on emissions savings and output rates, are studying novel materials like thermoplastics to ally composites' lightweight appeal with more efficient production processes. Constellium expects Airbus and Boeing to choose materials for future single-aisle models around 2029-2030, and the supplier aims to push aluminium's edge in recycling as well as further progress in alloys, Philippe Hoffmann, president of aerospace and transportation at Constellium, told Reuters. "Today, what's on the drawing board or at least on the agenda is the design and concepts for the successor to the A320," Hoffmann said at the Paris Airshow. In terms of weight, crucial for planemakers, Constellium has demonstrated a weight saving of 20% in tests of a wing concept involving new alloys and a welding process that removes the need for rivets, he said. The use of friction stir welding, borrowed from Constellium's work on space programmes, will also allow more automation in manufacturing panels, he added. Constellium sees more room to exploit aluminium's greater reusability compared with composites, with recycled aluminium saving 95% in energy use versus virgin metal. The firm is studying better retrieval of scrap per alloy during production as well as recovery of metal from a growing fleet of planes at the end of their lifecycle. "Aluminium was being recycled before we were born," he said. "They (composites) have a lot of qualities but the maturity in recycling is not the same."
Associated Press
02-06-2025
- Business
- Associated Press
Dow Announces Agreement to Sell its 50% Ownership in DowAksa Joint Venture
MIDLAND, Mich., June 2, 2025 /PRNewswire/ -- Dow (NYSE: DOW) today announced that it has signed a sale and purchase agreement to sell its 50% interest in DowAksa Advanced Composites Holdings BV (DowAksa) to Aksa Akrilik Kimya Sanayii A.Ş., a company of Akkök Holding. Aksa Aksa Akrilik Kimya Sanayii A.Ş., the other 50% joint venture partner, has agreed to acquire Dow's 50% interest. Dow's proceeds from the sale are expected to be $125 million, which reflects, after accounting for debt, an enterprise value of approximately 10x the estimated 2025 operating EBITDA. Dow's decision to exit the joint venture, which was formed in 2012, is consistent with Dow's best-owner mindset strategy of focusing on its core, high-value downstream businesses. The proceeds from the transaction will be used to support the Company's balanced capital allocation approach. The sale is expected to close in the third quarter of 2025, subject to customary regulatory approvals and other closing conditions. BNP Paribas acted as exclusive financial advisor to Dow on this transaction. About Dow Dow (NYSE: DOW) is one of the world's leading materials science companies, serving customers in high-growth markets such as packaging, infrastructure, mobility and consumer applications. Our global breadth, asset integration and scale, focused innovation, leading business positions and commitment to sustainability enable us to achieve profitable growth and help deliver a sustainable future. We operate manufacturing sites in 30 countries and employ approximately 36,000 people. Dow delivered sales of approximately $43 billion in 2024. References to Dow or the Company mean Dow Inc. and its subsidiaries. Learn more about us and our ambition to be the most innovative, customer-centric, inclusive and sustainable materials science company in the world by visiting For further information, please contact: Glynna Mayers [email protected] X: Facebook: LinkedIn: Instagram: ®TM Trademark of The Dow Chemical Company ('Dow') or an affiliated company of Dow View original content to download multimedia: SOURCE The Dow Chemical Company
Globe and Mail
15-05-2025
- Business
- Globe and Mail
ALUULA Announces Option Repricing and Option Grant
Victoria, British Columbia--(Newsfile Corp. - May 15, 2025) - ALUULA Composites Inc. (TSXV: AUUA) (" ALUULA" or the " Company") announces that its board of directors has approved amending the exercise price of a total of 188,601 outstanding stock options held by non-insiders of the Company, with previous exercise prices ranging from $3.00 to $2.00, to $0.61 per common share. The Company proposed the reprice to support retention of valued team members by better aligning the exercise price with the current market price, which experienced a decline following the completion of the Company's rights offering in the first quarter of 2025. Repricing these non-insider options remains subject to approval of the TSX Venture Exchange. The Company also announces the grant of 1,504,760 stock options, pursuant to the Company's share option plan, to certain directors, officers, and consultants to purchase up to 1,504,760 common shares of the Company. These options are exercisable at a price of $0.61 per common share until May 13, 2030. 533,725 of these options vested on grant, and the remaining options vest over a three-year period. Stock options form a critical element of the Company's compensation policy and ALUULA wants to ensure adequate incentive is in place to attract and retain team members that will support the Company in meeting its growth objectives. About ALUULA Composites ALUULA is an ultra-light, high performance and recycle-ready composite materials brand that enhances the performance of outdoor gear. Proudly owned and manufactured on the Canadian west coast, ALUULA's innovation is driven by a deep understanding that equipment does not need to sacrifice performance for sustainability. ALUULA's materials are known for their unique construction capabilities and their ability to make products lighter, stronger, and more sustainable. | TSXV: AUUA On behalf of the Board of Directors, Sage Berryman Chief Executive Officer 1-888-724-2470 For ALUULA investor inquiries, please contact: 1-888-724-2470, ext. 4 IR@ For ALUULA media relations, please contact: media@ TSX Venture Exchange Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements The information in this news release includes certain information and statements about management's view of future events, expectations, plans, and prospects that constitute forward-looking statements, including, but not limited to: the TSXV's approval of the non-insider option repricing. These statements are based on assumptions subject to significant risks and uncertainties as described in the Company's management discussion and analysis. Because of these risks and uncertainties and as a result of a variety of factors, including the timing and receipt of all applicable regulatory, corporate third-party approvals, the actual results, expectations, achievements, or performance may differ materially from those anticipated and indicated by these forward-looking statements. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statement will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.
