MAE Spa receives funding to build PAN precursor plants in China
New financial support enables the company to complete order for design and construction of new carbon fiber precursor production facilities.
.jpg;width=70;height=70;mode=crop;format=webp)
Share
Read Next
Announced on July 6, chemical fibers machinery producer (Piacenza, Italy) has received financial support from banking group UniCredit (Milan, Italy) of €35 million, to complete a €73.5 million contract for the design and construction of polyacrylonitrile (PAN) carbon fiber precursor plants in China.
MAE Spa is a market leader in the design, construction and installation of high-tech systems for the production of special chemical fibers, with a core focus on PAN precursor plants. The company created an operating branch in Shanghai in 2005 to support Asian orders, which cover approximately 50% of its revenues.
Paola Rovellini, chief financial officer at MAE Spa, says, “[This order] is a new piece that confirms MAE as a primary and qualified interlocutor in a market niche that is gradually growing more and more.”
Related Content
-
Bladder-assisted compression molding derivative produces complex, autoclave-quality automotive parts
HP Composites’ AirPower technology enables high-rate CFRP roof production with 50% energy savings for the Maserati MC20.
-
Plant tour: Airbus, Illescas, Spain
Airbus’ Illescas facility, featuring highly automated composites processes for the A350 lower wing cover and one-piece Section 19 fuselage barrels, works toward production ramp-ups and next-generation aircraft.
-
Revisiting the OceanGate Titan disaster
A year has passed since the tragic loss of the Titan submersible that claimed the lives of five people. What lessons have been learned from the disaster?