Solvay Specialty Polymers invests in thermoplastic composite firm

By Frank Esposito
Senior Staff Reporter

Published: October 21, 2013 6:00 am ET
Updated: October 21, 2013 10:17 am ET

Related to this story

Topics Materials Mergers & Acquisitions Materials Suppliers Composites K 2013 Business News & Features
Companies & Associations Solvay SA

DUSSELDORF, GERMANY — Solvay Specialty Polymers has purchased a stake in advanced composites maker Aonix Advanced Materials Corp. for an undisclosed price.

Solvay SP — based in Alpharetta, Ga. — will team with Ottawa, Ontario-based Aonix to develop and commercialize mass-produced thermoplastic composites made from Solvay's high-performance polymers for mobile electronics, automotive and other markets, officials said in an Oct. 21 news release issued at K 2013.

Officials added that the investment "demonstrates Solvay's strong commitment to the composites market. "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," Solvay SP aerospace/composites business development manager Armin Klesing said in the release.

Aonix President and CEO Jerome Le Corvec added that the combination "creates a strong team capable of opening up new doors in the advanced thermoplastic composites arena."

Aonix offers its thermoplastic formulations in composite materials under the UltraMaterials trade name. The firm also performs all formulation, prepreg, prototyping and validation for its customers. Its turnkey solution includes purpose-built automated manufacturing systems.

Solvay SP is a unit of global chemicals maker Solvay Group of Brussels. Their materials include KetaSpire-brand polyetheretherketone (PEEK), AvaSpire-brand polyaryletherketone (PAEK) and Torlon-brand a polyamide-imide (PAI).


Comments

Solvay Specialty Polymers invests in thermoplastic composite firm

By Frank Esposito
Senior Staff Reporter

Published: October 21, 2013 6:00 am ET
Updated: October 21, 2013 10:17 am ET

Post Your Comments


Back to story


More stories

Image

PolyOne launches Geon BIO PVC using soy-based materials

April 24, 2015 11:48 am ET

More than a decade of research is paying off for Battelle Memorial Institute in the form of Geon BIO PVC compounds from PolyOne Corp.    More

Image

Study suggests infants at lower risk from BPA exposure than expected

April 23, 2015 4:58 pm ET

A new study shows that newborn babies may have less risk from bisphenol A exposure than originally thought.    More

Image

Braskem and Odebrecht reconsidering West Virginia plastics project

April 23, 2015 2:54 pm ET

Brazilian firms Braskem and Odebrecht have confirmed that they are re-evaluating Project Ascent, the major plastics and petrochemicals project they...    More

Image

DuPont center in India gets LEED Certification

April 23, 2015 1:07 pm ET

DuPont Co.'s Knowledge Center in Hyderabad, India, was awarded LEED certification by the U.S. Green Building Council.    More

Image

SiVance opens new R&D lab

April 23, 2015 12:07 pm ET

Milliken & Co. unit SiVance LLC has opened a new research and development lab for silicone and silane technologies in Gainesville, Fla.    More

Market Reports

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 Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

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

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events