By: EUROPEAN PLASTICS NEWS
March 11, 2014
Dallas-based chemicals and specialty materials group Celanese Corp. has renewed its contract with Germany’s Aachen Center for Integrative Lightweight Production (AZL).
Celanese, one of 33 founding companies that launched AZL in 2013 to look at developing lightweight components, says it has extended its contract with AZL by two years.
Celanese’s venture with AZL looks at jointly developing thermoplastic composite solutions for automotive, construction, and oil and gas applications.
Since the launch of AZL, Celanese says it has focused on projects to reduce manufacturing costs and increase productivity for thermoplastic composite parts.
Michael Ruby, global composites business manager of Celanese, said the effort in developing potential new business opportunities for applications that use composite solutions from the Celanese broad portfolio of engineered materials was “significantly reduced by approaching the task with a strong network collaborator such as AZL.”
“We look forward to continuing our work with AZL to enable innovative composite solutions.”
Celanese currently employs around 7,400 people worldwide and reported 2013 net sales of $6.5 billion.