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Jindal Advanced Materials (JAM) has partnered with MAE S.p.A. to invest ₹2,700 crore in establishing a carbon fibre facility with an annual capacity of 3,500 metric tonnes. According to a release, the initiative will position JAM as a major supplier of carbon fibre.
The facility will provide a wide range of intermediates, such as prepregs, textiles, multiaxial composites, and carbon fibre composites, to meet various industrial needs. JAM's ambitious plan is to manufacture low-tow to high-tow carbon fibres, with capacity expected to reach 10,000 MT by 2027.
MAE, well-known for its experience and innovation in the field, signed the agreement with JAM earlier this month at JEC Paris, the largest global industry show for composite materials. The Italian firm will provide top-tier engineering and equipment, ensuring seamless project execution.
The facility is expected to be operational within 30 months, and the project will cover the entire value chain - from polyacrylonitrile (PAN)- precursor to carbon fibre intermediates. JAM Director CP Agrawal said, "This collaboration aligns with the 'Make in India' initiative, reflecting JAM's dedication to advancing India's carbon fibre industry across various applications". Jindal Advanced Materials and MAE S.p.A. are set to redefine the landscape of the carbon fibre industry, reinforcing India's position as a global leader in advanced materials manufacturing, Agrawal added.
MAE S.p.A. CEO Marco Rovellini said, "Through our combined expertise and resources, we aim to set new benchmarks in carbon fibre production, catering to the burgeoning demand in India and beyond. This ground-breaking agreement solidifies MAE's position in the global market and further inspires us to innovate and offer cutting-edge solutions globally".
Globally, composites have gained preference due to their distinct advantages, such as being over three times lighter than steel, twice as strong, corrosion-resistant, and non-conductive.
JAM, part of the larger $35 billion OP Jindal Group of companies, is a leading manufacturer of high-performance and innovative composite materials. It has three manufacturing plants in Haryana for various composite manufacturing processes with quality systems.
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