Zoltek Settles Supply Agreement With DeWind

NAW Staff, Thursday 14 June 2007 - 10:28:44

St. Louis-headquartered Zoltek Companies Inc. has completed a long-term strategic supply agreement with DeWind Inc. and DeWind Ltd. of Luebeck, Germany, a subsidiary of Composite Technology Corp. Under the agreement, Zoltek will be the exclusive supplier of carbon fiber and carbon fiber materials to DeWind for the production of rotor blades for its wind turbines. Zoltek says the expected sales volume for the agreement is more than $30 million for the first three years of the contract.

"We are pleased to be partnered with Zoltek, which has given us critical support during the development and scale-up of our unique rotor blade used in our most advanced turbines," says Matthias Krebs, commercial director of DeWind Ltd. "What's more, we need a reliable source of carbon fiber to match our growth and expansion plans, and Zoltek is geared up to meet the needs of a fast growing market."



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