NetComposites
Advanced Engineering 2018

Altana Chemie Acquires Stake in Nanophase Technologies

26 March 2004

Altana Chemie AG, the specialty chemicals business of Altana AG has formed an exclusive global partnership with Nanophase Technologies Corporation.

The companies intend to start product co-development in a defined field of application comprising paints, coatings and plastics and expect initial market introductions of developed products in the course of 2004. In addition, Altana Chemie has invested US $10 million in Nanophase and their stake of 7% will make Altana Chemie the largest industrial investor of Nanophase.

The partnership will collaborate in developing nanomaterials for use in, for example, general industrial coatings, architectural coatings, coil coatings, automotive OEM and refinish coatings, printing inks, duroplastics and thermoplastics, consumer goods packaging, and electrical insulation applications. Based on the agreement, Altana Chemie will have exclusive access to Nanophase’s technology within the field of application. The agreement will last for eight years.

Altana Chemie’s technology driven specialty chemicals businesses are focussing primarily on managing surface properties, which are achieved and controlled by taking benefit from both chemical and physical effects.

“With this strategic investment we are taking a significant step into the field of nanotechnology. Nanocomposites will be a key driver in the future for innovative products in coatings, plastics or electrical insulation applications and will help to safeguard the leading competitive positions of our business units,” said Dr. Matthias L. Wolfgruber, CEO of Altana Chemie.

“We are delighted to become a development and market partner with a company of Altana’s calibre,” commented Joseph Cross, Nanophase’s President and CEO. “Based on market studies, the demand for nanocomposites in coatings is expected to be a significant growth market. Nanophase’s technologies, coupled with Altana’s expertise and market access, are a solid combination in this area.”






Related / You might like...

ZSK's Technology Showcase Demonstrates TFP Applications

ZSK will hold its bi-annual technology showcase on 21-22 September 2018 at its Krefeld, Germany, headquarters. The Embroidery Technology Show assembles more than 25 exhibitors from around the world to discuss emerging trends in the embroidery manufacturing industry and demonstrate the latest products produced using techniques such as tailored fibre placement (TFP) or smart textiles.

Fibrelite and Trenwa Partner on Trench Systems

Fibrelite reports that since the start of its partnership with Trenwa more than 100 precast trench systems integrating Fibrelite composite covers have been sold for use in electrical substations, wastewater treatment plants, chemical refineries and many other applications across North America.

Online Monitoring System Detects Milling Damage to Carbon Fibre Structures

Parth Rawal, a scientist at the Fraunhofer Institute for Manufacturing Technology and Applied Materials (IFAM), Stade, Germany, has been presented with the MT Aerospace Innovation Award for his master thesis Sensor Based Online Monitoring System for Detection of Milling Defects on CFRP Structures.