According to the Sawmilling SA website, a new study from India-based global market research firm Markets and Markets, “Wood Plastic Composite Market Global Trends & Forecast to 2021”, The wood-plastic composites market is projected to reach US$5.84 billion, at a compound annual growth rate of 12.4% for the forecast period of 2016 to 2021.
- North America accounted for the largest share of the wood-plastic composites market in 2015, followed by Asia-Pacific and Europe.
- North America is one of the globe’s major producers of wood-plastic composites. Increasing investment in infrastructure projects, followed by replacement of old housing infrastructure with advanced materials, are the key drivers in this region.
- Building & construction is the largest application of wood-plastic composites and constituted a major share of the total wood-plastic composite market by application in 2015. The growing demand for wood-plastic composites from this market segment is projected to drive the demand in coming years thanks to the superior performance benefits, durability, and low maintenance cost of these composites as compared to that of conventional materials.
- Polyethylene constitutes the largest wood-plastic composite type, capturing over half of the total wood-plastic composite market share in 2015 among type segments. The superior molecular structure and stability makes PE type wood-plastic composites a robust, high-performing material for applications, thus creating a healthy market demand for the same, says the M&M study.
Notice is hereby given of the 3rd Annual General Meeting of the Mandela Bay Composites Cluster to be held at Plastics/SA, Midrand on Wednesday 16 October 2019 at 10h00.
Furthermore, we would welcome your industry nominations for appointments to the Board signed by yourself as the Proposer and the Nominee as acceptance, together with a Seconder of your proposal (nomination form attached). Such written nomination, duly seconded should be in the hands of the MD by no later than 15 October 2019. The Nominee, by signing the acceptance, agrees to comply with the roles and responsibilities set out in the attached. There are two vacancies on the Board which must represent industry.
The Board will be elected at the Annual General Meeting. The office bearers will be elected by the Board at the first committee meeting subsequent to the Annual General Meeting.
We invite you to the 3rd Annual General Meeting of the Cluster and look forward to your attendance.
DATE: Wednesday 16 October 2019
VENUE: Plastics/SA, 18 Gazelle Avenue Corporate Park, South, Randjespark, Midrand, 1685
TIME: 10H00 SHARP
(REGISTRATION FROM 09H30)
RSVP: Email: [email protected] by Tuesday 15 October 2019 if you will be attending or sending proxy votes
ENQUIRIES: Andy Radford 072 375 3671
CLICK HERE for the formal notice
R15-MILLION DTI PILOT PROJECT UP-AND-RUNNING
It took a while to stick, but South Africa’s biggest ever composite training programme is finally up and running with the first 15 recruits enrolled in August at the Composites Training Academy (CTA) in Cape Town.
“It definitely took a while,” CTA’s Oliver Dawson told SABBEX. “But that is good because you need to do proper due diligence with these kinds of projects.
The composites training is one leg of a public-private pilot project initiated by the Department of Trade and Industry (the dti), aimed at bolstering skills in the maritime sector….
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Lamborghini introduced an even more powerful, faster and pricier version of the exotic V12-powered Lamborghini Aventador at an event in California on Thursday night.
Called the Lamborghini Aventador SVJ, its engine is tuned to produce as much as 770 horsepower. It can go from zero to 60 miles an hour in easily under three seconds and take turns faster. Even before it was officially introduced to the public, it set the record for the fastest lap by a factory production car at Germany’s famous Nürburgring-Nordschleife track, considered one of the most challenging courses in the world.
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