Fiberline Composites and Mitsubishi Rayon Team Up

Business & Finance

Denmark’s Fiberline Composites has set up a joint venture with the Japanese carbon fibre manufacturer Mitsubishi Rayon to provide wind turbine makers with carbon fibre components which will enable them to produce longer and more efficient wind turbine blades.

Fiberline Composites is a manufacturer of carbon fibre components for advanced wind turbine blades. Mitsubishi Rayon, part of Mitsubishi Chemicals, produces industrial carbon fibres.

The two companies have created a joint company in order to offer competitive carbon fibre components to wind turbine makers via a closely integrated supply chain, and thereby help the industry realise the goal of reducing the price of wind energy.

Describing the agreement as a strategic landmark and a breakthrough for the wind sector, Fiberline’s CEO Peter Thorning said: “By combining our competences, we and Mitsubishi Rayon will together be able to provide the industry with large volumes of carbon fibre components for advanced wind turbine blades and deliver even better balance between price, quality and security of supply. We are proud that Mitsubishi Rayon have chosen us as a partner.”

The new company will be based at Fiberline Composites’ existing factory in central Denmark.

Mitsubishi Rayon’s Chief Executive Masayoshi Ozeki said: “Mitsubishi Rayon is satisfied that their chosen partner brings the competence and track record on industrial scale to produce high performance laminates for the increasingly important pultrusion technology. We are looking forward to this closer cooperation with great pleasure.”