September 22 (SeeNews) - Denmark's Fiberline Composites A/S and Japan's Mitsubishi Rayon Co Ltd will set up a joint venture (JV) next month to offer carbon fibre components for wind turbine blades, the companies said in separate announcements this week.
Fiberline makes carbon fibre components for advanced wind turbine blades, while Mitsubishi Rayon, part of Mitsubishi Chemicals, produces industrial carbon fibres. The Danish company said the joint entity will be able to make a competitive offering to wind turbine makers, helping them reduce the cost of wind power.
The new business will be based at Fiberline's existing factory in central Denmark, which is set to add jobs as a result of the deal. The Danish company will hold 51% in the JV, while Mitsubishi Rayon will have 49%.
Mitsubishi Rayon said that through the joint venture it wants to expand its share in the carbon fibres wind turbine market. As wind turbine blades become larger, carbon fibres are replacing conventional glass fibres due to their rigidity and light-weight properties, the company noted.