More Antitrust Details
08/20/99 This latest article provides a few more details about the companies under investigation by the DoJ and those facing related civil suits. Fiber Price Fixing
08/19/99 Several manufacturers of carbon fibers are under investigation by the Department of Justice for potential price fixing charges.
Cytec Responds to USA Today
08/19/99 Cytec, in response to the USA Today article on price fixing in the carbon fiber industry, points out that it is a user, not manufacturer, of carbon fibers. In a related story, the DoJ has told Cytec the company is not a target of the investigation. Antitrust Lawsuit Filed
08/17/99 Cape Composites has filed a civil class action lawsuit against several major carbon fiber and prepreg manufacturers. Denali Reports Record Earnings
08/17/99 Denali reported increases in fourth quarter income, earnings, and revenues of greater than 20%. Winnebago Expansion
08/17/99 Winnebago has announced three facility expansion, including one to increase its fiberglass manufacturing capacity. McWhorter Income Up Slightly
08/13/99 McWhorter reported a small increase in third quarter net income. Resins for composites showed strong growth and good profitability. Alliant's Sales and Earnings Increase
08/08/99 Alliant Techsystems reported an increase in first quarter sales and earnings. Highlights included delivery of the first X-33 liquid hydrogen fuel tank. Cytec to Acquire Inspec
08/04/99 Cytec has signed an agreement to acquire Inspec Mining Chemical, a manufacturer of specialty mining chemicals. Brunswick Earnings Flat
08/03/99 Brunswick Technologies reported a second quarter increase in sales and revenues, but earnings per share were flat. Trex Responds to Counterclaim
08/03/99 Trex and Coastal Forest Products are trading lawsuits over invoices for products. ATP Sales, Earnings Increase
08/03/99 Advanced Technical Products reported a strong increase in second quarter sales and earnings. Hints of a sale or merger continue. Aldila Reports Loss
07/29/99 Aldila reported a second quarter loss on sharply lower sales. Fiber and prepreg sales continue to increase, but still represent a small portion of the business. Intellitec Receives ISO 9001 Cert
07/28/99 The Intellitec Division of Advanced Technical Products (ATP) has been certified under ISO 9001. Chemfab Acquisition
07/21/99 Chemfab, a manufacturer of PTFE composites, recently acquired French distributor HCC. Trex Interview
07/21/99 A nine minute Real Audio interview with Trex CEO Robert G. Matheny. Hexcel Earnings Drop
07/20/99 As warned, Hexcel reported a sharp drop in second quarter earnings and sales. Weak demand and excess capacity are blamed. Cytec Elects Investor VP
07/20/99 The Cytec Board of Directors elected William Cleary as Vice President of Investor Relations. Hexcel Completes Exchange
07/19/99 Hexcel has completed the exchange of all outstanding 9 3/4% notes due in 2009. Allied Signal Earnings Up
07/19/99 Allied Signal reported a strong increase in second quarter earnings, even after the exclusion of gains from the sale of Tyco. Cytec Earnings Down
07/15/99 Cytec reported a 14% drop in second quarter earnings. Sales of composites were down 5% as a result of decreased demand; prices were down 2%. Kafus Management Appointments
07/15/99 Kafus has announced the appointments of two new Vice Presidents. Trex Indexed
07/13/99 Trex has been added to the Russell 2000 and Russell 300 indexes. New Avcorp CEO
07/13/99 John Sandford has been named President and Chief Executive Officer of Avcorp. Aldila and SGL Form JV
07/07/99 SGL will acquire 50% of Aldila's fiber business. The JV will support SGL's carbon fiber needs, and it will produce a variety of composite products.
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