Sabic has broadened its position in engineered thermoplastic semi-finished products through the acquisition of a majority stake in Dutch company Fibre Reinforced Thermoplastics, B.V., which is based in Lelystad, The Netherlands
Sabic’s Fibre Reinforced Thermoplastics (FRT) business, specializes in the production of engineered thermoplastic, fiber-reinforced unidirectional (UD) tapes. The tapes can be used across a wide variety of industries, ranging from building and construction, to transportation and energy.
“This acquisition will enable Sabic to develop new thermoplastic products, processes and design solutions to help our customers take full advantage of the unique light weighting opportunities offered by composites,” said Ernesto Occhiello, EVP Specialties, Sabic.
“At Sabic, we engage with our customers to develop advanced products that support their specific needs and help them realize their ambitions,” said Andrey Turchin, Head of Sabic’s FRT business. “Our innovative Udmax composite tapes complement Sabic’s existing range of thermoplastic solutions for customers striving to build smaller, lighter and stronger components that meet stringent industry standards,” he continued.
Udmax tapes are made using a unique proprietary HPFIT technology, which quickly and precisely enables the spread and combination of thousands of glass or carbon fibers with a polymer matrix. As a result, the tapes have a high density of fibers, high quality fiber impregnation in the resin matrix, minimal void content and fewer broken fibers.
They can be used to form composite materials that can in turn be used to manufacture components with superior performance to alternative materials, such as laminates and molded parts.
Sabic will be exhibiting at the JEC in Paris, 8-10 March 2016.
By Stephen Moore
Source: Plastics Today
Sika AG (Baar, Switzerland) has opened a new plant in Santa Cruz de la Sierra, thus doubling its production capacity for mortar and concrete admixtures in Bolivia. With this new facility in one of the country’s main industrial agglomerations, Sika is positioning itself for continued growth in the dynamic Bolivian construction market.
Chevron Corporation (NYSE: CVX) and Renewable Energy Group, Inc. (NASDAQ: REGI) (REG) announced on Monday a definitive agreement under which Chevron will acquire the outstanding shares of REG in an all-cash transaction valued at $3.15 billion, or $61.50 per share.
Lotte Chemical Corp. will invest 10 trillion won ($8 billion) on hydrogen and battery materials through 2030 to achieve annual revenue of 50 trillion won and carbon neutrality. The Korean chemical producer on Thursday unveiled its new corporate vision outlining key corporate strategies with focus on growth through hydrogen energy and battery materials businesses.