Dow Chemical seals Russian composites deal

By Richard Higgs
EUROPEAN PLASTICS NEWS

Published: February 7, 2013 10:52 am ET
Updated: February 7, 2013 10:54 am ET

Related to this story

Topics Materials, Materials Suppliers
Companies & Associations Dow Chemical Co.

DAVOS, SWITZERLAND -- Composite manufacture in Russia took a big step forward as Dow Chemical Co. signed a deal with Russian partners, including state-run nanotechnology corporation Rusnano, to produce composite materials and carbon fiber intermediates in the country.

The partnership, which includes Dow's Turkish composites joint venture DowAksa, agreed to study opportunities in the areas of aerospace, infrastructure, energy, oil and gas and transportation, and to explore supplying both the Russian domestic and global markets.

The parties agreed to draw up "a comprehensive strategy" for composite production which will lead to potential investments in Prepreg-ACM and Nanotechnology Center of Composite, two Russian firms with Rusnano co-investment.

Top executives from global chemicals giant Dow, DowAksa, Rusnano and Russian composite materials producer Holding Company Composite (HCC) signed the memorandum of intent at the 2013 World Economic Forum in Davos.

Signatories to the agreement included Dow Chemical Co. group CEO Andrew N. Liveris; Dow Europe, Middle East and Africa president and DowAksa chairman Heinz Haller and Anatoly Chubais, Rusnano's CEO.

This landmark deal follows an earlier outline agreement signed by Dow and Rusnano two years ago on potential joint projects in the general areas of energy efficiency, infrastructure, lightweight materials and life sciences.

"The signing of the MOI on potential manufacturing of carbon fiber intermediates in Russia marks a significant step forward in Dow's innovation and growth strategy.

"Collaborating with the strong local players and leveraging DowAksa capabilities, we will contribute Dow's expertise in composites technology, formulation, and technical service, as well as global market knowledge and channels," stated Dow's Andrew Liveris.

The latest deal will also open the way for Rusnano's Russian portfolio companies to do business and enter technological partnership with Dow Chemical, according to Anatoly Chubais.

"The agreement will enable our companies to spurt ahead in the rapidly evolving realm of carbon composite materials and to find new solutions to increasingly complex engineering challenges," he said.

DowAksa is a 50:50 joint venture between group offshoot Dow Europe and Turkey's Aksa Akrilik Kimya Sanayii A.S., a global leader in the acrylic fiber industry. DowAksa entered the carbon fiber business in 2009 by developing its own technology for the production of carbon fiber and carbon fiber intermediates.

"Our engagement with the Russian domestic companies will bring new investments to the Russian market and may enable the local production of high quality composite materials which are extremely valuable for downstream high-tech manufacturing.

"I believe that this collaboration will place DowAksa and Turkey in advanced materials league," said Mehmet Ali Berkman, chairman of Dow's Turkish DowAksa partner, also a Davos deal signatory.


Comments

Dow Chemical seals Russian composites deal

By Richard Higgs
EUROPEAN PLASTICS NEWS

Published: February 7, 2013 10:52 am ET
Updated: February 7, 2013 10:54 am ET

Post Your Comments


Back to story


More stories

Image

EPA fines RI polymer company

August 29, 2014 1:20 pm ET

A Rhode Island polymer manufacturer has reached a $60,000 settlement with the U.S. Environmental Protection Agency (EPA) for violating federal clean...    More

Image

Chinese compounders seek market shares, often at the expense of margins

August 29, 2014 10:02 am ET

China's largest compounder, Kingfa Sci. & Tech. Co. Ltd., as well as its more automotive-focused counterparts Shanghai Pret Composites Co. Ltd. and...    More

Image

PP prices rise 5 cents

August 28, 2014 3:59 pm ET

After a one-month break, volatility has returned to the North American polypropylene resin market, with prices increasing by an average of 5 cents...    More

Image

DuPont fined for 2010 chemicals release

August 28, 2014 1:37 pm ET

DuPont Co. has been fined almost $1.3 million for the release of several chemicals — including plastics feedstock phosgene — at its plant ...    More

Image

LyondellBasell to build feedstock plant on Gulf Coast

August 28, 2014 11:05 am ET

LyondellBasell Industries will build a world scale propylene oxide plant on the U.S. Gulf Coast with a capacity of 900,000 metric tons per year.    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events