08 July 2007
08 July 2007
Alcan Airex has acquired the patents and know-how for foamable PET (polyethylene terephthalate) technology from Italy-based Mossi & Ghisolfi Group, to secure the global availability of PET-based foam core materials for the growing composites, packaging and other industrial markets.
""The acquisition of the patents and the know-how for foamable PET technologies from our Italian supplier will allow Alcan to secure the long-term global availability and supply of PET-based materials to all our customers,"" said Pierre Monéton, President, Core Materials, Alcan Composites. ""Having the exclusive rights to this technology will enable Alcan to continue to innovate in new PET-based core materials for the wind energy, marine and transportation markets worldwide,"" he added.
PET has emerged as a key material to serve the increasing demand for sandwich core materials in the expanding wind energy market, as demonstrated by Airex T 90, a PET-based foam core material that was launched in 2005. Airex T 90 is one brand out of Alcan's broad range of core materials for structural sandwich applications in the wind energy, marine and transportation markets.
Mossi & Ghisolfi (M&G) Group is a producer of PET for packaging applications, headquartered in Tortona, Italy.
Terms of the transaction were not disclosed.
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