- In April 2024, Röhm GmbH, a prominent player in the global composites industry, announced an expansion of its production capacity at its Worms, Germany facility. This investment aims to meet rising demand for advanced closed molding composite materials, particularly in automotive and construction sectors. The upgrade emphasizes sustainable manufacturing with energy-efficient technologies and enhanced recycling processes
- In March 2024, Mitsubishi Chemical Group launched a new bio-based closed molding composite resin as part of its “Sustainable Product Series.” The resin offers comparable mechanical strength and durability to conventional composites but is derived from renewable resources, significantly lowering carbon emissions. This product underlines Mitsubishi Chemical’s commitment to eco-friendly innovation
- In February 2024, Trinseo introduced a novel high-performance composite material optimized for automotive and aerospace applications. The new composite improves impact resistance and weight reduction without compromising structural integrity, aligning with the growing demand for lightweight solutions in electric vehicles and aircraft manufacturing
- In January 2024, LG Chem entered the composites recycling market through a strategic joint venture with a European recycling firm. The initiative focuses on reclaiming composite waste from post-consumer and industrial sources and converting it into premium-quality feedstock for reuse in construction, automotive, and electronics industries, supporting circular economy objectives
- In December 2023, Chi Mei Corporation announced plans to expand its closed molding composite production capacity in Southeast Asia, responding to increasing demand in sectors such as automotive, electronics, and infrastructure. The new facility in Vietnam will enhance regional supply chain efficiency and strengthen Chi Mei’s market presence
