Magna shapes the future of high-volume carbon fiber composites
PARIS, March 12, 2013
Strategic partnership, proprietary production capability help set the pace
PARIS, March 12, 2013 /PRNewswire/ - Magna International Inc. announced that
its Magna Exteriors and Interiors (MEI) operating unit, together with
strategic development partner Zoltek, offers best-in-class capabilities in
providing carbon fiber composite parts and systems for high-volume automotive
applications to support automakers' lightweighting initiatives.
MEI and Zoltek, the worldwide leading producer of commercial carbon fiber,
have developed a low-cost carbon fiber sheet molding compound (SMC) through an
exclusive global partnership. The jointly developed carbon fiber SMC material
uses Zoltek's Panex® 35 commercial carbon fiber combined with Magna's unique
EpicBlendSMC™ formulations and production expertise.
The material, named EpicBlendSMC EB CFS-Z, is part of MEI's EpicBlendSMC
product line and allows Magna to offer global manufacturers an expanded range
of lightweight parts, sub-systems and semi-structural applications for
automotive as well as commercial truck and other markets. Additionally, the EB
CFS-Z sheet molding compound is for sale directly to molders through MEI.
MEI has recently won new business for a semi-structural component based on its
EB CFS-Z SMC technology. Furthermore, one of Magna's SMC compounding
facilities has installed proprietary SMC production equipment that is
optimized to compound Zoltek's Panex® 35 carbon fiber. Together, MEI and
Zoltek have extensive core manufacturing capabilities to serve customers in
both North America and Europe, minimizing the cost and need to import carbon
fiber or precursor materials into these markets.
"We are working with global OEMs every day to develop lightweight solutions
that help meet the increased fuel economy and decreased emissions of future
vehicle programs," said Mike Andrews, VP of Operations, Magna Exteriors and
Interiors. "With our EB CFS-Z SMC technology, we are now meeting the
requirements for high-volume applications that call for low-cost,
high-performance carbon fiber materials."
About Magna Exteriors and Interiors
Magna Exteriors and Interiors Corp. (www.magna.com), an operating unit of
Magna International Inc., is a full-service global supplier of automotive
exterior and interior systems. We design, engineer and manufacture front- and
rear-end fascia systems; exterior trim; class A composite panels; top systems;
under hood and underbody components; structural components; sidewall and trim
systems; cockpit systems; cargo management systems; and overhead systems for
automotive, commercial truck, consumer, and industrial markets.
About Magna International
We are a leading global automotive supplier with 313 manufacturing operations
and 88 product development, engineering and sales centres in 29 countries. Our
119,000 employees are focused on delivering superior value to our customers
through innovative processes and World Class Manufacturing. Our product
capabilities include producing body, chassis, interiors, exteriors, seating,
powertrain, electronics, mirrors, closures and roof systems and modules, as
well as complete vehicle engineering and contract manufacturing. Our common
shares trade on the Toronto Stock Exchange (MG) and the New York Stock
Exchange (MGA). For further information about Magna, visit our website at
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