Home / Knowledge / News / Textiles / Solvay buys stake in advanced composite materials firm
Solvay buys stake in advanced composite materials firm
29
Oct '13
Solvay Specialty Polymers has reached an agreement to acquire a financial interest in Aonix Advanced Materials, based in Ottawa, ON, Canada, a leading developer of advanced composite materials and manufacturing systems.

Solvay will partner with Aonix to accelerate the development and commercialization of mass-produced, thermoplastic composites made of Solvay’s high-performance polymers for end-use markets including mobile electronics, automotive, oil and gas, and sporting goods. A final agreement is expected to close in late November.

The investment demonstrates Solvay’s strong commitment to the composites market and provides a channel for its polymers to play a key role in this fast-growing segment. The partnership will target Solvay’s full range of high-performance polymers. However, the agreement won’t affect developments involving KetaSpire PEEK with other companies.

“This unique collaboration will bring together two world-class companies focused on meeting the growing global demand for lightweight, stiff, strong, and recyclable composite materials,” said Armin Klesing, business development manager for aerospace and composites for Solvay Specialty Polymers. “We’re excited about the composites market and Aonix’s potential to deliver cutting-edge composite systems with significant benefits over conventional epoxy-based systems in high-volume production.”

“We see valuable synergies resulting from this partnership,” said Jerome Le Corvec, president and CEO of Aonix Advanced Materials. “Our expertise in composites formulation and fabrication and Solvay’s industry-leading position in high-performance polymers creates a strong team capable of opening up new doors in the advanced thermoplastic composites arena.”

The partnership will focus on the use of Solvay’s high-performance thermoplastics as a matrix as well as overmolding polymers which are particularly suited for these advanced composite applications due to their strong mechanical properties, superior damage tolerance, and chemical resistance.

A key processing advantage is their faster cycle times compared to thermoset systems such as epoxy, particularly in high-volume fabrication. These composites are reinforced with glass fiber, aramid fiber, or carbon fiber.

Aonix offers a range of proprietary UltraMaterials, a range of thermoplastic formulations that are used to create new classes of composite materials with superior performance, high-volume output, and recyclability versus conventional  composites.

The  company  accelerates  commercial  development  by  performing  all  formulation, prepreg, prototyping, testing, and validation for the customer. Aonix’s turnkey solution also includes purpose-built, automated manufacturing systems that are fully optimized for high-volume/low-cost production, eliminating the labor-intensive processes of traditional composites manufacturing.

“We expect our partnership to capitalize on the integrated value chain - from material formulation to component manufacturing,” said Klesing. Work on commercial applications is underway in a range of end-use markets.

Solvay


Must ReadView All

Textiles | On 20th Aug 2017

PetroVietnam, Vinatex discuss reviving PVTEX plant

Discussions are under way between PetroVietnam and textile and...

Courtesy: Mexx

Fashion | On 20th Aug 2017

RNF acquires Mexx fashion brand

RNF, the Dutch sports and fashion holding, has purchased the global...

Textiles | On 20th Aug 2017

Intertextile Shanghai Home Textiles opens on August 23

Intertextile Shanghai Home Textiles, Asia’s leading platform to meet...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

August 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
66.7%
No
16.7%
Skip
16.7%

Total Votes: 30

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
43.3%
No
36.7%
Skip
20.0%

Total Votes: 30

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
83.3%
No
6.7%
Skip
10.0%

Total Votes: 30

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
60.0%
No
10.0%
Skip
30.0%

Total Votes: 30


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search