Cytec deal with Germany's C-Con Holdings aimed at carbon-fiber composites

By Michael Lauzon
Correspondent

Published: March 17, 2014 1:32 pm ET
Updated: March 17, 2014 1:34 pm ET

Related to this story

Topics Materials, Mergers & Acquisitions, Sustainability, Automotive, Materials Suppliers

Cytec Industries Inc. has teamed up with a German composites developer to promote the use of carbon-fiber reinforced plastics in select vehicle markets.

Cytec said March 12 that it has taken an equity position in C-Con Holdings GmbH of Munich. Terms were not disclosed.

Cytec sells carbon fiber composites to short-run specialties like racing cars and into aerospace markets. Spokeswoman Jodi Allen said in an interview that her company supplies carbon fiber composites for about 150 to 200 special vehicles made a year. It supplies components to high-end vehicles such as Bugatti and Ferrari.

“We want higher volumes, 5,000 to 10,000 a year,” Allen said from Cytec’s Woodland Park, N.J., headquarters.

C-Con is a composites engineering and development company that could help lower the price of carbon fiber composites processes so that they would be used in medium-run production.

C-Con counts several European auto OEMs as customers. It has worked, for example, with BMW Group, Daimler, Volkswagen and Audi. C-Con provides assistance from design to production processes.

“This alliance with C-Con marks an important step forward in demonstrating our commitment to pursue [carbon fiber reinforced polymers] technology development to enable adoption into a broader automotive market,” stated Cytec Chairman, President and CEO Shane Fleming in a news release.

Epoxies and other resins will be involved in the partners’ research, Allen said.

C-Con regards Cytec as a materials technology leader committed to the automotive market, noted C-Con CEO Michael Neuner.


Comments

Cytec deal with Germany's C-Con Holdings aimed at carbon-fiber composites

By Michael Lauzon
Correspondent

Published: March 17, 2014 1:32 pm ET
Updated: March 17, 2014 1:34 pm ET

Post Your Comments


Back to story


More stories

Image

Optical disc molder OEM getting into micromolding with acquisition of CDA

August 29, 2014 11:24 am ET

Optical disc replicator and molder Optical Experts Manufacturing Inc. of Charlotte, N.C., has expanded its core business and entered new high...    More

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

Green trend boosts plastic building materials business in China

August 29, 2014 9:42 am ET

The greening of China's domestic building materials market is giving the plastics industry a boost.    More

Polish injection molder Teknorubber up for sale

August 29, 2014 9:14 am ET

Polish plastic parts maker Teknorubber has been put up for sale following its insolvency filing in March 2014. The company is to be auctioned through ...    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