FORMAX To Announce New Company Organisation And Reveal R&D Investment Plan At JEC 2013

LEICESTER, United Kingdom — February 11, 2013 — As a measure to improve and facilitate future
growth, FORMAX (Stand L76) a leading global manufacturer of carbon fibre and speciality composite
reinforcements, will be announcing expansion plans and a new company organisation this JEC
2013.  Investment in FORMAX’s R function will also be a focus as the company looks to
strengthen its product development capabilities during the coming year.

A new company organisation will be launched with the creation of three Business Sectors for
the Marine, Automotive and Industrial markets. The formation of the individual sectors will ensure
customers receive a highly specialised service as each division is supported by technicians and
sales staff with market specific skills and expertise. 

The company, that has seen tremendous growth in the last 5 years, will also expand its
production facilities in Narborough. FORMAX has secured a 2000sqm site to house an additional
manufacturing plant and composite testing equipment.

FORMAX has also revealed it will be investing considerable resource into the company’s R
functions. A prestigious Knowledge Transfer Partnership (KTP) with Nottingham University commences
in Spring 2013 with the aim of developing a comprehensive material characterization capability and
advanced simulation methodology for composites. Other primary areas of research include the
recycling of waste carbon fabrics into short fibre products for use in tooling laminates, carbon
ceramics and structural composites; and the elimination of fabric waste in future composite

“Our vision for 2013 is to consolidate and enhance FORMAX’s product offering and the service
we provide. We are constantly striving to produce the next generation of reinforcement fabrics and
product development is integral to our business”, says Oliver Wessely, Managing Director of FORMAX.

Posted on February 12, 2013

Source: Formax