Published Sept. 1, 2015
Lake City-based MIT-RCF has changed its corporate name to Carbon Conversions Inc.
The company, which recycles fiber-reinforced materials and parts and incorporates reclaimed carbon fiber in advanced materials, completed the transition at the end of the June. It came in conjunction with a multimillion-dollar investment by New York-based Toyota Tsusho America, Inc., SCRA affiliate Advanced Technology International and a European Family Office affiliated with Charlotte-based Alpheus Capital.
The company’s board of directions promoted president Mark Mauhar to Carbon Conversions president and CEO following the formation.
“This investment helps us transition the company from a recycler of carbon-rich materials to a high quality, advanced materials supplier,” he said. “We are able to convert virtually any source of carbon fiber excess into goods readily consumed in the composites industry.”
The plant, which is scheduled to add a research and development lab during the first quarter of 2016, employs 150 at its 100,000-square-foot Lake City production facility.