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MHI builds plant for B787 parts
Industry news
MHI builds plant for B787 parts MITSUBISHI HEAVY Industries Ltd (MHI) of Tokyo, Japan, says it has completed the construction of a plant for the manufacture of skin stringers for composite wing boxes of the new Boeing 787 Dreamliner aircraft. It is located in Shimonoseki, Yamaguchi Prefecture, Japan. Full-scale production of stringers is expected to start in August this year. Two new plants for production of the wing boxes are currently under construction on the premises of Nagoya Aerospace Systems Works, the main aircraft manufacturing plant of MHI. The new plant in Shimonoseki with 6750 m2 (approximately 72 500 ft2) of floor space, will employ
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REINFORCEDplastics
advanced equipment such as an autoclave, water jet cutting machines to process cured stringer material, and a nondestructive inspection system. Most of the equipment has already been installed. The stringers manufactured at the Shimonoseki plant will be transported to Nagoya Aerospace Systems Works and integrated into the wing boxes, which will then be shipped to Boeing by air. Skin stringers are employed in the 30-m long wing boxes, which are manufactured from carbon fibre reinforced plastic (CFRP). Mitsubishi Heavy Industries; www.mhi-ir.jp
May 2006
Owens Corning reaches agreement with creditors TOLEDO, Ohio-based Owens Corning says it has reached an agreement in principle with the representatives of each of its key creditor groups on the terms of a Chapter 11 plan of reorganisation. If confirmed, this paves the way for Owens Corning to emerge from bankruptcy in 2006. Owens Corning filed for bankruptcy in October 2000 as a result of its multi-billion dollar asbestos liability. The agreement is subject to bankruptcy court approval and final documentation. It sets the company’s value at emergence at US$5.858 billion, including
$3.942 billion of new equity, $1.8 billion of new debt financing, $55 million from existing debt at non-debtor Owens Corning entities, and $61 million in new tax notes. The terms of the consensual plan will be reflected in an amended Joint Plan of Reorganisation and related Disclosure Statement that will be filed in the US Bankruptcy Court for the District of Delaware. The agreement in principle will be available at http://www.ocplan.com. Owens Corning; www.owenscorning.com
MHI builds plant for B787 parts MITSUBISHI HEAVY Industries Ltd (MHI) of Tokyo, Japan, says it has completed the construction of a plant for the manufacture of skin stringers for composite wing boxes of the new Boeing 787 Dreamliner aircraft. It is located in Shimonoseki, Yamaguchi Prefecture, Japan. Full-scale production of stringers is expected to start in August this year. Two new plants for production of the wing boxes are currently under construction on the premises of Nagoya Aerospace Systems Works, the main aircraft manufacturing plant of MHI. The new plant in Shimonoseki with 6750 m2 (approximately 72 500 ft2) of floor space, will employ
14
REINFORCEDplastics
advanced equipment such as an autoclave, water jet cutting machines to process cured stringer material, and a nondestructive inspection system. Most of the equipment has already been installed. The stringers manufactured at the Shimonoseki plant will be transported to Nagoya Aerospace Systems Works and integrated into the wing boxes, which will then be shipped to Boeing by air. Skin stringers are employed in the 30-m long wing boxes, which are manufactured from carbon fibre reinforced plastic (CFRP). Mitsubishi Heavy Industries; www.mhi-ir.jp
May 2006
Owens Corning reaches agreement with creditors TOLEDO, Ohio-based Owens Corning says it has reached an agreement in principle with the representatives of each of its key creditor groups on the terms of a Chapter 11 plan of reorganisation. If confirmed, this paves the way for Owens Corning to emerge from bankruptcy in 2006. Owens Corning filed for bankruptcy in October 2000 as a result of its multi-billion dollar asbestos liability. The agreement is subject to bankruptcy court approval and final documentation. It sets the company’s value at emergence at US$5.858 billion, including
$3.942 billion of new equity, $1.8 billion of new debt financing, $55 million from existing debt at non-debtor Owens Corning entities, and $61 million in new tax notes. The terms of the consensual plan will be reflected in an amended Joint Plan of Reorganisation and related Disclosure Statement that will be filed in the US Bankruptcy Court for the District of Delaware. The agreement in principle will be available at http://www.ocplan.com. Owens Corning; www.owenscorning.com