Park Electrochemical Corp. announced that it has changed the name of its business unit and subsidiary located in Waterbury, CT from Nelcote Inc. to Park Advanced Composite Materials Inc. This business unit will continue to manufacture advanced composite materials (the Nelcote® product line) principally for the aerospace markets.

The company's recently opened advanced composite materials "Pioneer Plant" located on Pioneer Road in Jurong, Singapore, and the company's new advanced composite materials development and manufacturing facility currently under construction at the Newton City-County Airport in Newton, KS, will also manufacture advanced composite materials principally for the aerospace markets.