Mitsubishi Corporation Completes Acquisition of Strategic Shareholding in ELG Carbon Fibre Ltd.

April 15 2019

The previously announced acquisition of 25% of shares in ELG Carbon Fibre (ECF) by Mitsubishi Corporation (MC) has been completed. This arrangement was effective from April 05, 2019.

Under the agreement, MC will use its existing resources to promote the sales and marketing of ECF recycled carbon fiber products and accelerate the global expansion of ECF’s recycling operations. By uniting ELG Haniel’s advanced technology and proficiency in the metals reprocessing industry, ECF’s know-how regarding carbon fiber recycling and MC’s global network and broad interface with different industries, the companies can now enhance their global business development and reliable supply of reprocessed carbon fiber.

ECF is the first company in the world to have established stable commercial production of reclaimed carbon fiber, supplying to markets such as the automotive, electronics and wind energy markets.

For identifying growth opportunities in the global Carbon Fiber Market, please visit
http://www.lucintel.com/carbon_fiber_market_2021.aspx

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