
Zoltek celebrates the founder’s 80th birthday
Leading the carbon fiber industry on a global scale
St. Louis, Missouri, USA, Dec. 06, 2022 (GLOBE NEWSWIRE) -- Zoltek Corporation, the largest global manufacturer of industrial grade carbon fiber, has recently celebrated the 80th birthday of its founder, Zsolt Rumy.
Born in December 1942 in Budapest, Hungary, Mr. Rumy was a carbon fiber industry pioneer that ultimately changed the carbon fiber world. He created the first industrial-grade carbon fiber made to compete against other common building materials, and created Zoltek Corporation to drive the commercialization of carbon fibers.
Mr. Rumy fled Soviet communism after the Hungarian Revolution in 1956, and arrived in the US as a 14-year old war refugee through the International Red Cross and Catholic Charities. He later graduated with a chemical engineering degree from the University of Minnesota, accepted a position with Monsanto Company and moved to St. Louis, Missouri in 1966. After several years of corporate sales and engineering jobs in the chemicals industry, he started his own distribution business in 1975. After years of selling carbon and graphite products, he plunged into carbon fiber manufacturing in 1988 with the acquisition of Stackpole Fibers in Lowell, Massachusetts.
His vision of a low-cost carbon fiber began on a pilot line in St. Louis, MO, and later became realized after acquiring an acrylic fiber factory, Magyar Viscosa, back in his native Hungary. He led a team of engineers that were able to convert this acrylic fiber factory to the world’s first low-cost carbon fiber factory. Zoltek repeated this feat by acquiring a second acrylic fiber factory in Mexico, and the rest is history.
In 2014, Zoltek was acquired by Toray Industries of Japan, who at the time was the world’s largest aerospace carbon fiber producer. With the support of the Toray Group, Zoltek has now grown to the largest carbon fiber manufacturer in the world, with more than 30,000 MT of annual capacity.
“Zsolt is a true pioneer who lived the American dream. He built a company and changed the carbon fiber industry forever. We are all honored to be part of his journey and grateful for his leadership and friendship”, EVP of Sales & Marketing Dave Purcell. “Now it’s our job to carry his vision forward and bring our low-cost carbon fiber to new applications around the world,'' he added.
“The Will To Do, The Soul Dare” is an autobiography that details Zsolt’s extraordinary life experiences and his visionary spirit and courage that revolutionized the carbon fiber industry. Zsolt’s book is available in major book stores and Amazon. You may also request a free copy of Zsolt’s book (while supplies last) by sending your request to jschmidt@twinspringsinv.com.
Zsolt Rumy and Dave Purcell are current board members of Zoltek Corporation.
About Zoltek: Zoltek Corporation is the most trusted manufacturer of cost-efficient and customer-centric industrial grade carbon fiber used for automotive parts, wind turbine blades, thermoplastic compounding, marine infrastructure, and many more. In 2014, Zoltek joined the Toray Group (Japan) which has advanced the company’s technology and strengthened the technical and financial resources and positioned the company for further growth as the most reliable global leader of carbon fiber.
For more information, you may visit www.zoltek.com or follow us on any of our social media channels including www.linkedin.com/company/zoltek/ and https://www.facebook.com/ZoltekCorp. For more information about Toray Group, you may visit www.toray.com
Attachment
To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.To view this piece of content from ml.globenewswire.com, please give your consent at the top of this page.
About GlobeNewswire by notified
GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
Subscribe to releases from GlobeNewswire by notified
Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from GlobeNewswire by notified
Offentliggørelse af ajourført prospekt for afdeling I&T Nordiske Aktier Large Cap8.12.2023 17:15:00 CET | pressemeddelelse
Afdelingens prospekt er gennemgået og opdateret som en del af den årlige ajourføring, herunder med opdateringer af risikofaktorer for de enkelte afdelinger. Herudover er prospektet ajourført med regnskabstal og satser iht. regnskabet for 2022. Afsnittet om ÅOP er slettet, idet disse oplysninger ikke længere skal fremgå af et prospekt. Afslutningsvist er der foretaget redaktionelle ændringer. Eventuel henvendelse vedrørende denne meddelelse kan rettes til adm. direktør Erling Skorstad, tlf. 44 55 86 50. Med venlig hilsen Investeringsforeningen Investin Erling Skorstad Adm. direktør Vedhæftet fil Prospekt_Investin_IT_Nordiske_Aktier_Large_Cap_081223_final_RTS
Rapala VMC Corporation: Strong Team to Implement New 2024-2026 Global Strategy8.12.2023 17:01:00 CET | Press release
Press Release To accelerate its transformation process, Rapala VMC Corporation has today announced its new Global Management Team. The new management team, together with several other key managers all over the world, will focus on implementing the new strategic plan for 2024-26. An important part of the implementation process are clear and measurable projects that focus on improving profitability and working capital management. Rapala believes the normalization of the over-demand situation created by the coronavirusis nearing completion and believes the normalization of the market will benefit Rapala. The company is closely monitoring market trends and expects that the recovery will open up opportunities for new growth plans. Rapala's success is based not only on strong globally renowned brands, but also on skilled, professional and committed personnel. The company continuously invests in the development of its personnel and the improvement of working conditions to ensure a high level
Rapala VMC Corporation: Changes in Global Management Team8.12.2023 17:00:00 CET | Press release
Rapala VMC Corporation, Changes board/management/auditors, December 8, 2023 at 06:00 p.m. EET Jean-Philippe Nicolle, who is already a member of the Global Management Team and currently the Chief Financial Officer, has been appointed as Chief Operating Officer responsible for Business Performance, Finance Controlling and Internal Auditing as of January 1, 2024. Miikka Tarna has been appointed as a member of Global Management Team and Chief Financial Officer as of January 1, 2024. Tarna has worked for the Rapala VMC Group since 2010 and is currently Deputy Chief Financial Officer. Tuomas Akkanen has been appointed as a member of Global Management Team and Executive Vice President, Head of Group Supply Chain and Winter Sports as of January 1, 2024. Akkanen has worked for the Rapala VMC Group since 2017 and is currently head of Group Supply Chain and Winter Sports. Päivi Ohvo has been appointed as a member of Global Management Team and Executive Vice President, Human Resources, as of Janua
Switch auction results: Housing Financing Fund bond series HFF150644 and HFF1504348.12.2023 16:50:00 CET | Press release
Today HF Fund concluded two switch auctions in which owners of HFF150644 were invited to exchange the bonds for indexed RIKS 33 0321 Treasury bonds and owners of HFF150434 were invited to exchange the bonds for indexed RIKS 30 0701 Treasury bonds. Bids in the nominal amount of 11,069,000,000 were submitted for RIKS 33 0321, and bids in the nominal amount of 11,069,000,000 were accepted at a predetermined price of 102.150. In exchange, HF Fund will buy back HFF150644 bonds in the nominal amount of 9,798,017,270 at a predetermined price of 100.00. Bids in the nominal amount of 16,651,000,000 were submitted for RIKS 30 0701, and bids in the nominal amount of 12,150,000,000 were accepted at a predetermined price of 102.400. In exchange, HF Fund will buy back HFF150434 bonds in the nominal amount of 16,287,685,500 at a predetermined price of 100.00. Due to strong demand HF-Fund is considering a similar future offerings that will be announced in due course. Further information can be obtaine
CONDITIONS FOR RIKSBANK AUCTIONS GOVERNMENT BONDS8.12.2023 16:20:00 CET | Press release
Bid procedure, 2023-12-15BondsSWEDISH GOVERNMENT: 1061. SE0011281922. 2029-11-12 SWEDISH GOVERNMENT: 1062, SE0013935319, 2031-05-12 SWEDISH GOVERNMENT: 1053, SE0002829192, 2039-03-30 Bid date2023-12-15Bid times09.00-10.00 (CET/CEST) on the Bid dateOffered volume (corresponding nominal amount)1061: 700 million SEK +/-700 million SEK 1062: 700 million SEK +/-700 million SEK 1053: 700 million SEK +/-700 million SEK Highest permitted bid volume (corresponding nominal amount)1061: 700 million SEK per bid 1062: 700 million SEK per bid 1053: 700 million SEK per bid Lowest permitted bid volume (corresponding nominal amount)SEK 10 million per bidExpected allocation timeNot later than 10.15 (CET/CEST) on the Bid dateDelivery and payment date2023-12-19Settlement amountTo be paid to the Riksbank's account in Euroclear Sweden AB's securities settlement system SWIFT: VPCSSESSXXX Account: 1 4948 6383 CTM BIC: RIKSSESS ALERT acronym: RIKSBANK Stockholm, 2023-12-08 This is a translation of the special