Composite Solutions

AIMPLAS and REDIT Ventures, launch the new company LOFITH COMPOSITES

From left to right: José Antonio Costa, Director of AIMPLAS, José Luis Yusá, President of AIMPLAS, and Gonzalo Belenguer, Director of REDIT Ventures

AIMPLAS, the Plastics Technology Centre, and REDIT Ventures, a specialized investment vehicle sponsored by the eleven REDIT Technology Institutes that make up the Network of Technology Institutes of the Valencian Community (REDIT), have launched LOFITH COMPOSITES, a new technology company focused on developing long-fibre reinforced thermoplastics (LFTs) composites.The company’s business plan envisions income of €5 million and the creation of more than 25 jobs for highly skilled workers in the first few years after launch. The new company will focus on designing and creating long-fibre reinforced thermoplastics pellets (LFTP) and UD-tapes for the automotive, aerospace and construction industries, and for rail construction. Because of their low weight, strength and recyclability, LFT composites are perfect for a wide range of applications.

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