Plasan Carbon Composites Partners With Toray Industries to Strengthen Material and Technology Capabilities

Plasan Carbon Composites Partners With Toray Industries to Strengthen Material
                         and Technology Capabilities

  PR Newswire

  WIXOM, Michigan, July 30, 2013

WIXOM, Michigan, July 30, 2013 /PRNewswire/ --

                  Toray Acquires 20 Percent Interest in PCC

Plasan Carbon Composites (PCC), the leading supplier of carbon fiber solutions
to the automotive industry and a subsidiary of composites solutions pioneer
Plasan Sasa, Inc, today announced that it has partnered with Toray Industries
to bring additional material and technology capabilities and solutions to its
automotive and commercial customers. Toray, a global leader in organic
synthetic chemistry, polymer chemistry and biotechnology, has acquired a 20
percent ownership in PCC as part of its commitment to the global automotive
market. As the premiere Tier One Supplier of Automotive Carbon Fiber
Reinforced Composites (CFRC), the partnership will help PCC expand its
capabilities in addressing the automotive industry's drive for weight
reduction in its vehicles. 

Established in 2006, PCC has pioneered the North American Automotive Carbon
Fiber Composite industry, beginning with the Corvette Z06 fenders and followed
by Corvette ZR1 exterior components, as well as Viper ACR exterior components
and a limited edition Ford Shelby Mustang hood. In 2010, PCC announced the
establishment of a new Customer Development Center in Wixom, Michigan,
introducing the commercialization of a proprietary high speed Pressure Press
process for CFRP Class A Body Panels. 

"As we look to expand the market for CFRP automotive applications for both
Class A and structural applications, we see the need for synergistic
relationships and are excited about our new partnership with Toray," said PCC
President and CEO Jim Staargaard. "With Toray being a leader in carbon fiber
technology and materials-as well as our major supplier-we believe the
combination of PCC's capabilities along with Toray's material and processing
technologies will greatly assist in that expansion. At the same time, with
the industry and technologies so dynamic, we will continue to seek out the
most cost effective carbon fiber technologies, as we do through the Oak Ridge
Lab Consortium, to support that future growth."

Earlier this year, PCC announced that it will be supplying all the 2014
Corvette Stingray hoods and two versions of removable roofs with a proprietary
high speed Pressure Press process from a new manufacturing facility in Walker,
Michigan. Both the Wixom and Walker facilities were developed with support
from the Michigan Economic Development Corp. PCC was also chosen to supply
three major exterior Class A Panels on the 2013 SRT Viper, which are
manufactured in its Bennington Vermont facility. PCC is a charter member of
the Oak Ridge National Laboratories Carbon Fiber Consortium.

About Plasan Carbon Composites. Dedicated to automotive carbon fiber, Plasan
Carbon Composites is the leading Tier 1 supplier of carbon fiber parts and
assemblies in the United States. PCC specializes in the production of Class A
and structural parts for mid-volume production cars. As a Tier 1 supplier,
Plasan will work with all OEM clients to analyze, design and implement mass
reduction challenges. We can help in the material selection process
identifying the best method to take optimal advantage of carbon fiber's range
of superior material properties beyond just weight reduction.

About Plasan . Plasan specializes in the design, development and manufacture
of advanced composite structures for weight reduction and structural integrity
using the most advanced fabrication methods. The added value we bring to our
customers is with the solutions we engineer, to meet their strength, weight,
performance and cost requirements. We leverage dynamic and static simulations
to fully understand the demands and results of any material solution at the
front end of the process, working with our clients at all phases of
manufacturing and delivery, from design and engineering, through production
and testing. Our global access to state-of-the-art simulation and modeling,
engineering and production advances allows Plasan to deliver the best
solutions and value to our customers--no matter the challenge. 

Contact: Michal Rosenzweig Tl +972-732618448 
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