02 December 2014
02 December 2014
Versarien has agreed terms to form a 50:50 joint venture with Dimar to distribute a new range of tooling for the composites industry.
The new venture, DV Composites, is expected to leverage Versarien’s existing sales channels into the automotive, aerospace and marine sectors. Dimar currently sells a range of high performance tooling to a number of global organisations in these sectors. DV Composites will be based and operate out of Versarien’s headquarters in Mitcheldean, UK, and will distribute these new products, alongside its development products for the composite industry, enabling further traction.
Neill Ricketts, Chief Executive Officer of Versarien, commented: “This joint venture has provided the Group with a fantastic opportunity to combine several of our key technologies with those of Dimar, for the fast growing composites industry.
“Given the breadth of Versarien, we will be able to draw upon our significant expertise in graphene, tungsten carbide incorporating VersarienCu from an InnovateUK grant and this coupled with Dimar’s extensive customer base and experience in the market, creates a robust platform for the launch of DV Composites. It also provides the Group with an excellent entry point into the Israeli composite industry through our close collaboration with Dimar.”
Solvay has signed a ten-year agreement for the supply of composites and adhesives to be used across Bell's military and commercial rotorcraft programmes, including the Bell 429, 407, 505, 525, V-22, and UH-1.
SGL Carbon and Fraunhofer IGCV have officially opened the Fibre Placement Centre (FPC) at SGL's site in Meitingen, Germany. Compositence, BA Composites and the Chair for Carbon Composites at the Technical University of Munich have also joined the alliance, and Coriolis Group and Cevotec are planning to come on board as partners.
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.