Sector News

Kaneka Aerospace acquires composites portfolio of Henkel Corporation

January 31, 2018
Chemical Value Chain

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

comments closed

Related News

June 24, 2022

BASF to build commercial scale battery recycling black mass plant in Schwarzheide, Germany

Chemical Value Chain

BASF will build a commercial scale battery recycling black mass plant in Schwarzheide, Germany. This investment strengthens BASF’s cathode active materials (CAM) production and recycling hub in Schwarzheide. The site is an ideal location for the build-up of battery recycling activities given the presence of many EV car manufacturers and cell producers in Central Europe.

June 24, 2022

Clariant restructures business units, reorganizes leadership

Chemical Value Chain

Clariant says it is reducing its number of businesses from five to three, by merging units, under a reorganization that is in line with the company’s purpose-led strategy and cultural transformation. The moves will position Clariant for long-term sustainable growth, the company says.

June 24, 2022

Chemicals & Plastics Procurement: what to expect in the second half of 2022

Chemical Value Chain

Chemicals & plastics industry has the most diversified end-use market across all manufacturing industries. The industry returned to growth in 2021 but a supply chain crunch prevented it from becoming stronger. The market is likely to stabilize in the second half of 2022 with a supply-demand balance.