Kaneka Corporation’s wholly owned subsidiary, Kaneka Americas Holding, Inc., wholly owned subsidiary, Kaneka Aerospace, LLC and Henkel Corporation have finalized the transfer of commercial rights, technologies and patents of benzoxazine based high performance composites business from Henkel Corporation to Kaneka Aerospace.
KAE was established in September 2017 with the acquisition of Applied Poleramic Inc., which possessed advanced technology for formulated resin used in high performance composites to enter into the promising aerospace business. The addition of Henkel’s benzoxazine based composites business further strengthens KAE’s growth, sales and market position of high performance composite products.
Included in the acquisition are benzoxazine based prepregs, film adhesives, and infusion resins. Several of these products have been qualified in the Aviation Market. The addition of these competitive products and technologies will further enhance the ability of Kaneka Aerospace to penetrate the aerospace market.
Following the acquisition, Kaneka will continue to seek M&A and partnership opportunities for further growth. Kaneka aims to achieve more than USD 200 Million in sales by 2025 in high performance composites in aerospace by fully utilizing Kaneka’s global R&D resources.
Source: Kaneka Aerospace
INEOS Styrolution, the global leader in styrenics, has today announced the official opening of a new world-scale ABS[1] facility located in Ningbo, China, together with its joint venture partner SINOPEC. The facility has an annual nameplate capacity of 600,000 tonnes.
The merger of Röhm’s Acrylic Products business unit and SABIC’s Functional Forms business has resulted in the formation of Polyvantis. This new company will offer extruded products in the forms film, sheet, pipe and rod for markets that include building and construction, transportation and aviation, electrical and electronics, automotive and home and garden.
Abu Dhabi National Oil Co. (Adnoc) is considering plans to acquire upstream oil and gas company Wintershall DEA, an affiliate of BASF SE, according to a Bloomberg report citing people with knowledge of the matter. A deal to acquire Wintershall DEA could be worth more than €10 billion, the report said. BASF and Adnoc declined to comment on the report.
