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

Dow reaches agreement with Third Point

November 21, 2014 9:11 am ET

Dow Chemical Co. has reached an agreement with the investment firm that has been trying to force the company to sell off some assets.More

Image

Ineos making its UK shale play

November 21, 2014 9:29 am ET

Chemical giant Ineos Group AG is planning to be the biggest player in the United Kingdom's shale gas industry.    More

Image

Total to buy majority stake in Polyblend

November 20, 2014 10:04 am ET

French oil and gas giant Total SA will buy a 68 percent stake in Germany's Polyblend GmbH, a subsidiary of Polymer-Chemie GmbH.    More

Image

Silica can replace plastic microbeads

November 19, 2014 6:00 am ET

As cosmetics and soap makers face pressure to remove plastic microbeads from their products, Evonik Industries touts its new silica-based microbeads...    More

Chase Plastics building new Indiana distribution center

November 18, 2014 11:13 am ET

Resin distributor Chase Plastics will invest $5.4 million to build a new distribution center in South Bend, Ind.    More

Market Reports

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Upcoming Plastics News Events

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

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

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events