Manufacturing Industry
Zoltek Reports Carbon Fiber Sales Increase, Restarting Abilene Carbon Fiber plant.
Advanced Materials & Composites News, May, 2004
May 17, 2004 - Zoltek Companies, Inc. today reported significant increases in sales and operating results for carbon fibers for the quarter ended March 31, 2004. For the first time since the acquisition of the Hungarian operation in 1996, Zoltek's quarterly combined sales of carbon fibers and technical fibers exceeded its sales of specialty, non-core products -- $8.4 million to $7.6 million.
That happened both because of increased sales of carbon fibers (up $1.7 million, or 55%, compared to the second quarter of fiscal 2003) and because of Zoltek's further steps to exit from the acrylic and nylon textile business in Europe (with sales of that business down $1.8 million to $7.6 million in the quarter just ended compared to the second quarter of fiscal 2003). As...
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