06 December 2016
06 December 2016
Gurit has announced its acquisition of BASF`s PET structural foam business for an undisclosed purchase price.
According to Gurit, the transaction comprises BASF’s PET operations in Italy, including its staff, operating assets and product IP in the form of an asset deal.
Gurit says that this acquisition will strengthen its structural core material product range and add a sizeable European-based PET production capacity to its existing PET operations in China. The Kerdyn product brand will reinforce its PET product offering to the wind, marine, transport and construction industry. Additionally, Gurit explains that it will gain significant extrusion process technology and product innovation know-how.
Located in Volpiano, Italy, the BASF PET business generated a low single digit million Swiss Francs turnover in 2016. Gurit intends to integrate and further develop the new PET operations as part of its Composite Materials business unit.
"We would like to welcome the BASF team in Volpiano to Gurit and look forward to dynamically developing the site and business together," says Rudolf Hadorn, CEO of Gurit.
Composites UK reports that its members are supporting the new 2018-2021 Safety in Manufacturing Plastics and Composites strategy (SIMPLC).
Composites are considered hard to join and researchers have predominantly focused on mechanical joining technologies including crimping, gluing, riveting or screwing. The Composites Europe exhibition in Stuttgart, Germany, on 6-8 November will show the advantages and drawbacks of each of these processes.
The Aachen Center for Integrative Lightweight Production (AZL) and the Institute of Plastics Processing (IKV) at RWTH Aachen University are commencing a study into the use of thermoplastic tapes in injection moulded parts. Companies interested in joining the study are invited to a kick-off event during Fakuma 2018 in Friedrichshafen, Germany, on 18 October.