The two companies are in the process of completing a letter of intent to establish a partnership, including a potential U.S.-based joint venture.
4M’s patented technology is claimed to reduce the initial investment of a carbon fibre manufacturing line by up to fifty per cent and ongoing operating cost savings by greater than thirty per cent, which will enable rapid growth of low-cost carbon fibre capacity. Montefibre’s ultra-large tow technology, with the full support of the Spanish government, significantly reduces carbon fibre precursor cost by exponentially increasing volume throughput.
This joint venture will make an important contribution to the competitiveness of American industry and its global leadership in composites. Alfonso Cirera, President of Montefibre Carbon
4M said they will continue to implement its strategy of acquiring synergistic downstream carbon fibre conversion companies to build enterprise and shareholder value. Montefibre will continue to increase its carbon fibre precursor production capacity with the support of the Spanish government.