Our CEO, José María Tarragó, participated on Wednesday, June 17, in the lunch – colloquium organized by the Association for the Advancement of Management (APD) and Deloitte, in which he draught the importance of the aeronautical sector and its contribution to social, economic and business wealth creation in Spain and Andalusia.

At the event, Tarragó stressed the company's financial developments, the accolade received by BBVA and Bankia when Carbures refinance debt, and the forecasting of closing down successfully the negotiation renewals with various credit entities for a sum of approximately 6 to 10 million euros. [...]

Carbures showed his potential earlier this month, in Houston, in the JECamericas group of JEC, which put the focus on the automotive, oil and gas. As a company with a past, present and future in these sectors, we kept about 50 meetings with potential international suppliers. In those encounters, we stress the added value of our knowledge, experience and applicability of our industry technology to manufacture carbon fiber structures and other composites. [...]

Carbures moves on firmly in three key ways: improving the corporate governance best practices of its board by incorporating two new directors; obtaining the necessary financial resources to continue carburizing and meeting the demand increase of its pipeline and by normalizing its financial situation after signing debt re-financing agreements with two banks.

We have strengthened our board of directors with two additions; Ignacio Foncillas, partner at Black Toro Capital, and Jordi Lainz, from industrial group Eurofred. Our Chairman, Rafael Contreras, says about the new director Foncillas; "He will provide Carbures with access to the American financial market, which has a broad understanding and knowledge on technologic and industrial multinational companies such as Carbures.” [...]

“Application of composite materials is already large nowadays.” With this message we emphasize our potential in Construmat, the leading trade fair for the construction sector at European level in terms of innovation, rehabilitation, sustainability and design.

This fair is being held this week in Barcelona. Composite materials have present and future in the Civil Works sector. [...]

On Monday, we pressed the accelerator in the automotive industry. We opened a factory at El Burgo de Osma, Soria; 2,600 square meters equipped with our patented technology, Rapid Multi Injection Compress Process (RMCP). It is a pioneer technology worldwide that consists of a robotic production line of car parts in carbon fiber in long series which is equal to long time traditional metal manufacturing. The industry drives towards manufacturing carbon fiber car parts and replace them for metal ones, aiming at producing more efficient cars. 

Manufacturers have developed engines greatly to pollute less but have an unfinished business of the sector will be to reduce the weight of cars. The EU drew up a regulation that penalizes polluting cars, so the race between manufacturers to make cleaner cars has already begun. [...]

SEAT relies on Carbures. Together they could drive into the automotive future. The car manufacturer, which belongs to the Volkswagen Group, has invited Carbures to the I Meeting of Technology for Prototypes as a supplier of carbon fiber parts for the automotive industry.

Carbures has manufactured a wide range of car parts for some of SEAT’s prototype vehicles, such as those used for road tests during summer and winter, or Data Control Models (DKM).

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We started the installation of three linear in China. A revolution in the automotive sector since it allows making car parts carbon fiber, a much more competitive than traditional metal parts manufacturing form. Our Chinese partner, Hengrui, start getting linear in the coming months, when the transport boat parts will start. During this year, will receive the first three linear and throughout 2017 (inclusive) the remaining four. We continue our progress on the backs of the Asian dragon and our patented technology.

For all targets are met, we have sent a leading specialist in the design and installation of industrial machinery engineer to oversee all work desk and assembly of linear at the plant. This engineer, designed the so-called “layout” of the technology plan for linear and operators to work as efficiently as possible. [...]

The growth of Carbures passes through China. The group specialized in engineering and manufacturing aircraft parts and car carbon fiber, has been involved in business and financial summit China Sharing Business Experience held in Barcelona on March 4, 2015. This event was organized by Monereo Meyer Marinel-lo Lawyers, firm specialized in providing legal advice across countries (cross border).

I also had the support of ACCIÓ – Catalan Agency for enterprise competitiveness of the Generalitat of Catalonia – . The goal of the summit is that companies established in China and who work in that market state their experience. Our representative at the event, was the CFO of Mapro (Carbures Group), which talked about the “Business success in China” in her presentation highlighting key areas such as “Challenges and keys to business success in China.”. [...]