03 May 2002
03 May 2002
Dow Automotive has entered an alliance with Cyclics Corp. to develop cyclic butylene terephthalate (CBT) resins for automotive applications.
The material development activities will be focused on a number of automotive structural composites, including vertical and horizontal body panels and truck boxes. Terms of the agreement were not disclosed.
Dow Automotive’s research and development team will work with R&D experts from Cyclics to determine how the material can best be incorporated in automotive applications. Dow Automotive provides a unique position in the market with expertise in thermoset and thermoplastic process development and materials science expertise. The two organizations envision that components will be able to be formed using a number of techniques, including compression and injection molding. The focus for this year will be for Dow Automotive to work with customers to identify industry trends and unmet needs, which will drive future development efforts.
“We are extremely excited about working with Cyclics on the development of this innovative product for the automotive industry,” said Jane Palmieri, new business development manager for Dow Automotive. “Market development studies show that there is a great need for this type of new material in a number of applications both in North America and Europe.
One of the benefits of composites made from CBT resins is that they will be recyclable, helping OEMs and tier one suppliers meet governmental regulations for recyclability. In addition, this alternative material will contribute to lighter weight vehicle designs.
“Working with Dow Automotive is a great fit for our business,” said John Ciovacco, Chief Executive Officer, Cyclics Corporation. “We believe their automotive industry expertise and material science leadership will help in the development of an innovative, game-changing material for the automotive industry.”
Cyclics opened a new headquarters and R&D facility in Schenectady, New York today to support this and other materials development initiatives. “The new building and the Dow alliance together clearly raises Cyclics to the next level,” said John Ciovacco, President and CEO of Cyclics Corporation.