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Last updated on April 20, 2014 at 8:28 EDT

Magna shapes the future of high-volume carbon fiber composites

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(TM) 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 www.magna.com.

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AVAILABLE FOR REVIEW ON MAGNA’S WEBSITE AT
WWW.MAGNA.COM.

 

SOURCE Magna International Inc.


Source: PR Newswire