Procotex Corp. SA is chosen to continue developing company’s recycled long carbon fiber business, and rebranding seeks to develop next-generation carbon fiber recycling technologies.
ELG Carbon Fibre becomes Gen 2 Carbon
Split of short and long carbon fibre activities.
11th May 2021
ELG Carbon Fibre (ECF), based in Coseley, UK has divested its short fibre business to Procotex Corporation, the Belgian of flax and recycled technical fibres.
Meanwhile, Gen 2 Carbon is a new company formed by ELG management to develop the long, recycled carbon fibre business which primarily serves the composites industry with carbon fibre and thermoplastic nonwovens.
In early 2020, the Haniel group announced a strategic review of ELG Haniel, the parent of ECF. This led to a decision to focus on the metals recycling activity – stainless steel and superalloys – and the need to find a new owner for the carbon fibre recycling business that has been grown over the last few years.