Devold AMT AS evolved out of a traditional knitwear company founded as early as 1853. In the late 1980’s the company diversified into stitched multiaxial fibreglass reinforcements initially supplying a shipyard making naval vessels. In 1992 Devold AMT AS was launched as a separate entity in its own right. Today, the company is a wholly owned subsidiary of Hexagon Composites ASA, a company listed on the Oslo stock exchange. (Ticker: HEX)
Since its initial launch Devold AMT has expanded its market by diversifying into new segments such as wind energy, transportation, construction and leisure and commercial craft industries. Wind energy is by far the largest segment. In the same period Devold AMT has also introduced carbon fibre and hybrid reinforcements (carbon fibre/glass fibre combinations) into the market.
Your Global Supplier of Multiaxial Fiber Reinforcements
The headquarters for Devold AMT are located in Langevåg in Norway, where the company also has manufacturing facilities and a research, development and testing laboratory. Additional manufacturing facilities are located in Lithuania, and in the USA for servicing the North American market. Our American facilities are operated as a 50/50 joint venture with the American fibreglass producer PPG Industries Inc. providing us with an optimised setup for the supply of raw material for our manufacturing processes.
Devold AMT owns state of the art manufacturing technology which is employed to supply a complete range of advanced unidirectional and multiaxial stitched reinforcements. Over recent years the company has participated in numerous research and development projects with customers and institutes to innovate reinforcement and manufacturing processes.
As a company, Devold AMT is determined to provide the best possible solutions for both products and processes within the composite industry.
Timeline
1990-2002
In 1990, textile company Devold launches development of technical reinforcements for use in defence vessels. Devold AMT is established in 1992. In 1996, carbon-fibre for maritime use makes its market breakthrough. 2000 sees a similar breakthrough for fibre-glass reinforcements for windmill rotor blades. This market shows strong growth in 2002.
2003-2007
2003 marks a period of stagnation in the wind energy market – Devold AMT responds by cutting costs. 2005 sees the signing of a new framework agreement with a major wind energy customer, while Devold AMT and Brødrene Aa win the prestigious JEC Award for innovative composite solutions.
2006-2007
In 2007, production gets underway at the new factory in Kursenai, Lithuania. Devold AMT establishes a joint venture company with PPG in the USA. A dedicated test laboratory is unveiled in Langevåg in Norway. In 2007, PPG-Devold LLC opens a new factory in North Carolina, USA.
2008
The year is characterised by growth in turnover in the wind energy market and the award of a new contract with German P.N. Rotor. Devold AMT works to increase its production efficiency in all three factories.
2009
A year characterised by the finance crisis with reduced activity in Devold AMT's main market - the wind energy industry. However this situation provided the perfect opportunity for a restructuring within the Devold AMT group including the relocation of a portion of the production machinery with strong emphasis on effiecient production and increased capabilities for the production of carbon fiber and hybrid products.
The Norwegian and Swedish Governments have signed an agreement concerning the principles for establishing a common market fo
