Aldila to begin the manufacture of carbon fiber.SAN DIEGO--(BUSINESS WIRE)--Nov. 25, 1996--Aldila, Inc. (NASDAQ/NMS: ALDA ALDA Association of Late-Deafened Adults ALDA Australian Learning Disability Association ALDA Adult Learning Development Association ALDA Asociación Larense de AstronomÃa (Barquisimeto, Venezuela) ALDA Alabama Dietetic Association ), the nation's leading manufacturer of graphite graphite (grăf`īt), an allotropic form of carbon, known also as plumbago and black lead. It is dark gray or black, crystalline (often in the form of slippery scales), greasy, and soft, with a metallic luster. golf club shafts, today announced that its Board of Directors has approved a plan to construct a new facility for the manufacture of carbon fiber. "Our plan represents a major step in our strategy to redefine Verb 1. redefine - give a new or different definition to; "She redefined his duties" define, delimit, delimitate, delineate, specify - determine the essential quality of 2. Aldila's profitable future growth through diversification Diversification A risk management technique that mixes a wide variety of investments within a portfolio. It is designed to minimize the impact of any one security on overall portfolio performance. Notes: Diversification is possibly the greatest way to reduce the risk. into other carbon fiber products or end item product applications, while remaining within our demonstrated field of expertise in carbon fiber based composite products," said Gary T. Barbera, Chairman and Chief Executive Officer. Aldila estimates that the design, construction and start-up of the planned 50,000 square foot facility will require approximately 15 months, and a capital expenditure of approximately $16 million in 1997, with the manufacture of carbon fiber to begin in the first half of 1998. The facility will be designed with one production line to produce up to 2.5 million pounds of carbon fiber annually. This initial facility will be sized to house a second carbon fiber line, which would increase its capacity to 5.0 million pounds annually. The company said the new facility would be located in either southeastern Wyoming or in Utah, where several sites are under consideration. "Our core graphite golf shaft shaft (shaft) a long slender part, such as the diaphysis of a long bone. shaft n. 1. An elongated rodlike structure, such as the midsection of a long bone. 2. business consumes about 4% of the total carbon fiber produced worldwide, which makes Aldila one of the two largest consumers of carbon fiber today," Mr. Barbera added. "This strategic move will establish Aldila as a supplier of carbon fiber and enhance our planned diversification into existing or emerging carbon fiber based products. At the same time, it will increase Aldila's present advantage in golf by further distancing us from our competition." Aldila designs, manufactures and markets graphite golf shafts The shaft of a golf club is the long, cylindrical piece - generally made of steel or graphite - which connects the golfer’s hands to the club head. While hundreds of different designs exist, the primary purpose of the golf shaft remains the same - to provide the player with a used in clubs assembled and manufactured throughout the world by the leading golf club companies, as well as pro shops, club shops and repair shops. In 1994, the company embarked on a program of vertical integration to manufacture the graphite prepreg material for its golf shaft production, and has internally supplied virtually all of its material requirements during 1996. CONTACT: Aldila, Inc., San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. Investor Contact: Robert J. Cierzan or Mary Lou Coburn, 619/592-0404 or Media Contact: Sard Verbinnen & Co., New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Anna Cordasco/Nancy Israel 212/687-8080 |
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