Key Companies Covered in the Global Composite Doors and Windows Market Research Report by Research Nester are Andersen Corporation, Chem-Pruf, Fiberline.
Photo Credit: Fiberline Composites
Fiberline Composites A/S (Middelfart, Denmark), known for supplying carbon and glass fiber profiles to manufacturers serving the wind industry, reports that in 2020, the company realized +50% growth in the carbon fiber pultrusion segment and healthy growth rates in the wind power industry. The company says it is well positioned for further growth.
Revenue increased in total by 14% to 678 million DKK (approximately $109 million). Operating earnings (EBITDA) improved during 2020, but due to costs and write-downs in connection with the completed carve-out, the result after tax was -23 million DKK (approx. -$3.7 million).
Fiberline Composites has separated the activities in the building and construction division into an independent sister company, Fiberline Building Profiles A/S. Some of the separated activities have been loss-making and non-recurring costs have been incurred in connection with the carve-out, Fiberline says. Furthermore, a sale a
ABN AMRO’s Energy Transition Fund (ETF, Amsterdam, Netherlands), an independent subsidiary of Dutch bank ABN AMRO, recently acquired 34% of the shares in Fiberline Composites A/S (Middlefart, Denmark) a company that manufactures carbon- and glass fiber-pultruded products to strengthen wind blades. With this transaction, Fiberline will have the financial power to expand its activities in the wind sector. Further, to achieve the business plan, a new board of directors with a firm footing in the wind sector will be appointed.
Focused on supporting equity capital in companies and early-stage projects that contribute to a low-carbon future, ABN AMRO reports that investing in Fiberline had been an obvious strategy from the start. It is said that Fiberline has more than tripled its business in the past five years and expects to triple again in the coming five years. It is also the company’s ambition to follow its customers globally including establishing production facilities o