ELG Carbon Fibre Ltd. (ECF), Coseley/UK, has divested its short fiber business to Procotex Corp. SA, Dottignies/Belgium, and the management has launched a new growth platform. This new platform Gen 2 Carbon will continue to develop the long, recycled carbon fiber business, which primarily serves the composites industry with carbon fiber and thermoplastic nonwovens.
Procotex is a global sustainable recycled fiber supplier across diverse applications, markets and materials, and this acquisition complements the existing carbon fiber business of its Apply Carbon subsidiary in France. ECF has been bought out by its management and will be transformed to Gen 2 Carbon with a long fiber product portfolio aimed mainly at the composites industry. Customers and suppliers will experience no interruption to current purchase, supply or design projects.
Gen 2 Carbon will seek to develop next-generation carbon fiber recycling technologies and continue to grow the market for carbon fiber and carbon fiber/thermoplastic nonwovens in the composites industry.