MAE (Italy} and Jindal Advanced Materials (India) to establish carbon fiber plant in India

MAE S.p.A., Italy, and Jindal Advanced Materials (JAM), India recently signed a Project Framework Agreement. According to announcement by MAE, this agreement outlines the parties’ commitment to establish a carbon fiber plant in India, along with a range of intermediates and carbon fiber composites. MAE, in collaboration with its partners, will provide exceptional engineering expertise and state-of-the-art equipment to ensure that Jindal Advanced Materials effectively embodies the “made in India” ethos within the carbon fiber-based advanced materials sector, catering to diverse applications. The project encompasses the entire value chain, from PAN-precursor to carbon fiber intermediates, and is expected to be operational within 30 months. Abhyuday Jindal, CEO of JAM, and CP Agrawal, company director, emphasized that integrating the best solutions available in the market will infuse the project with the anticipated dynamism, heralding a new era in the development of India’s composite industry. This significant agreement solidifies MAE’s position in the global market and further inspires us to propel our evolution, states the announcement.