Park breaks ground on the expansion of its new facility in Newton, Kansas to design and manufacture advanced composite parts and assemblies for the aerospace market. Park receives R&D Supplier of the Year Award from Northrop Grumman. 

Park commissions the Nelco Products Pte. Ltd. “Pioneer” facility in Singapore to produce advanced composite materials for the Asian aerospace market. Park acquires Nova Composites, Inc.

The Nelco Technology Zhuhai facility is completed.

The Nelco Products, PTE facility undergoes another expansion. R&D expands at Neltec, Inc. in Arizona. Park exits the mass lamination market in Europe. Park and Snecma Propulsion Systems entered into a long-term agreement, in which Park will market and distribute SPS’s Raycarb C2 carbonized rayon fabric to manufacturers of rocket motors for tactical and heavy launch vehicle motors.

  Park completes expansions of its Nelco® electronic material manufacturing facilities in Fullerton, CA and Newburgh, NY, which include automated lamination and finishing technology and advanced treating technology. Neltec, Inc. in Arizona adds capabilities to offer Nelco® RF/Microwave materials in the United States, including materials for long laminate antenna applications. Park sells its Nelco Technology Inc. mass lamination facility in the United States.