Carbon Fiber Market 2011: NTT gets evidences from JEC in Paris 31/03/2011 G. Crepaldi
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Carbon Fiber Market 2011: NTT gets evidences from JEC in Paris G. Crepaldi NTT Group – 31/03/2011
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As we anticipated in June 2010, the market and consumption of carbon fiber are in clear resumption in 2011. The confirmation comes from JEC 2011 in Paris, where the manufacturers don’t confirm the availability of the material and propose the contractual conditions pre-crisis. As a confirmation of all that, the Japanese and American manufacturers have announced they intend to increase, within the end of the year, the prices of raw material, to bring it to the levels of late 2008. The great calamity, that demolished Japan on last march 11 has certainly complicated the supply of carbon fibers, particularly for all who have their own principal plants in Japan. If not striked directly by the earthquake, in all cases our competitors face many uneasinesses , because of the energetic lack. Because of the tsunami, Japan has decided the rationalization of energy and consequently there is a wide necessity in several industries to close many plants, causing uneasiness not only in Japan, but all over in the world. NTT has listened to the market voices and has checked with its customers and the prospects that, if the emergency would not be contained, the whole world of the composites will be in great trouble in the future, even in the middle – long range.
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The only way is therefore to build new plants in Europe and in the USA. INFO (PRR) Signed Date Designation
Prepared Approved NTT NTT 31/03/2011 31/03/2011 NTT-PRR01 Rev.01/11
Issued NTT 31/03/2011
Control Version Effective Total Doc Pages
05.11 31/03/2011 3
For that reason the NTT Board of Directors is going to have a meeting on April 15th, in order to officialise the necessity to make investements in new production lines of KORE® carbon fiber. At the same time it will be confirmed the necessity of increasing the production of NTT P.A.N. precursor KAIROS™, in order to satisfy the production of these new lines. NTT first quarter FY2011 unaudited figures confirm a definite and clear improvement of revenues, thanks to the long terms contracts subscribed, confirming the market is having a quick and long lasting resumption. The market moves forward and decides to face the world difficulties through an awakening of initiatives at all levels. “The open window” of JEC confirms that the world of composites is burningly active.
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NTT adds to all that the development of its own productions, in order to support either big and small projects, to defend the right to grow both of industry and of the world’s wellbeing. (G. Crepaldi – 31/03/2011)
INFO (PRR) Signed Date Designation
Prepared Approved NTT NTT 31/03/2011 31/03/2011 NTT-PRR01 Rev.01/11
Issued NTT 31/03/2011
Control Version Effective Total Doc Pages
05.11 31/03/2011 3