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Zoltek To Create World's Largest Carbon Fiber Facility

St. Louis-based carbon fiber manufacturer Zoltek Cos. Inc. has announced it will use a $14.5 million grant from the Hungarian government to expand its plant in that country to become the world’s largest carbon fiber production facility.

The company will add 600 employees over the next few years as a result of the expansion, which will include modernization of equipment, a quick buildup of manufacturing capacity for acrylic fiber precursor raw material and carbon fiber, and establishment of a research and development center.

“We are extremely grateful to the Hungarian government for [its] generous and steadfast support,” said Zsolt Rumy, chairman, president and CEO, Zoltek. “Zoltek’s strategic goal is to position the facility to stand at the epicenter of the next great revolution in building materials in every important sense — from technological as well as marketing and manufacturing perspectives.”& amp; amp; amp; amp; amp; amp; lt; /font>

May/June 2006