Composite Materials

Composite materials producer Jindal Advanced Materials (JAM) has collaborated with Italy's MAE S.p.A. to invest Rs 2,700 crore to set up a carbon fibre plant of 3,500 metric tonnes annual capacity. With the development, JAM is set to become a key supplier of carbon fibre, a statement said. According to the statement, JAM has signed an agreement with Italian speciality chemical fibre manufacturer MAE S.p.A. to set up India's first carbon fibre facility of 3,500 metric tonnes (MT) annual capacity at an investment of Rs 2,700 crore. The facility will offer a comprehensive range of intermediates viz prepregs, fabrics, multiaxial and carbon fibre composites catering to diverse industrial needs. OP Jindal family scion Abhyuday Jindal has invested in the company. The company aims to penetrate industrial markets, offering lightweight carbon fibre solutions. JAM's ambitious plan includes the production of low-tow to high-tow carbon fibres, with the capacity expansion projected to reach 10

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The consumption of composite materials in India is expected to witness a sharp uptick and touch 7.68 lakh tonne (LT) by 2027, led by demand from sectors like renewable energy, electric vehicles, defence, among others, according to a report. Composite materials or fibre-reinforced plastics help in circular economy as these are manufactured by combining multiple materials with different properties. Examples of composite materials are polymer matrix, metal matrix, ceramic matrix composites and carbon matrix etc. "The Indian composites material industry is taking the consumption from 5,11,900 tonnes of composites materials in 2021 to 7,68,200 tonnes in 2027," FRP Institute said in its latest research. The composites materials market is also expected to grow at a CAGR of 6.9 per cent over the next five years to reach USD 2.01-billion in 2027 from USD 1.26 billion last year, the Chennai-based body said. The major growth drivers for the industry will be increasing demand from sectors lik

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This will further widen the addressable customer base for Gurit in the wind & aerospace markets