TenCate and BASF Sign Agreement on Strategic Alliance for Thermoplastic Automotive Composites ALMELO, NETHERLANDS -- (Marketwire) -- 10/25/12 -- -- Significant market potential for continuous fiber reinforced thermoplastics -- Objective: Rapid availability of new materials for automotive mass Production TenCate Advanced Composites and BASF have entered into a strategic alliance to cooperate on the development, production and commercialization of thermoplastic composite materials suitable for high-volume vehicle production. The main goal of this partnership is to offer car manufacturers custom-engineered solutions for high-performance composite structures, which enable this industry to further reduce weight and carbon dioxide emission. The growing need of the automotive industry for composite materials used in mass production calls for a rapid development of materials and manufacturing processes. TenCate Advanced Composites has a leading market position in continuous fiber reinforced thermoplastic composites with the TenCate Cetex((R)) product portfolio, currently mainly used for aircraft structures and interiors. At present new aircraft such as the Airbus A380, A350 and Boeing 787 are the main users of such material. BASF is the leading chemical company with an extensive network in the automotive industry. By combining the capabilities of both BASF and TenCate in automotive composite solutions, the required developments will be accelerated. Strategic alliance In this strategic alliance, BASF will contribute its comprehensive know-how in the production and formulation of thermoplastic resins in order to develop special variants of its Ultramid((R)) (PA), Ultradur((R)) (PBT) and Ultrason((R)) (PESU) product lines. TenCate Advanced Composites joins in with their expertise in composite manufacturing. Together both companies are dedicated to automotive composite materials (UD-tapes, prepregs and laminates) based on these specialty resin systems. "The next major advance in lightweight automotive constructions will not be possible without a dramatic reduction in processing costs. This can be accomplished by using continuous fiber reinforced thermoplastic composites. The breakthrough for composites to mass production, however, has not yet been made. By working together with TenCate, we intend to jointly achieve this breakthrough", explains Melanie Maas-Brunner, successor to Willy Hoven-Nievelstein and new head of the Engineering Plastics Europe business unit of BASF in Germany. "TenCate Cetex((R)) laminates and prepregs have long been applied in commercial aircraft constructions, and are increasingly used in industrial manufacturing processes. Now, TenCate intends to expand its activities in the automotive industry. We are looking forward to this joint effort in making new materials rapidly available for automotive mass production", says Frank Meurs, group director of TenCate Advanced Composites EMEA. Advantages of thermoplastic composite materials Compared to metal parts, fiber reinforced plastic composites can be 30 to 50 % lighter. Thermoplastic composites help car manufacturers economize on the fuel consumption of automobiles and enable the industry to safe costs. Due to the ease of thermoplastic processing, these advanced materials will dramatically reduce production cycle times, have no limitations in shelf life and can be recycled. Thus mass production becomes accessible. Much experience has been built up over the last decades in connection with welding technologies to connect composites materials into complex structures and to integrate these components and structural parts into multi-material end-products. Target applications are semi-structural parts as well as primary structures in car bodies and chassis. Thermoplastic laminates with continuous fiber reinforcement are woven or non-woven fabrics impregnated with resins and formed into sheets, which are extremely light yet very strong. UD-tapes, another product class, make full use of the anisotropic nature of uni-directionally (UD) oriented impregnated fibers. In a second step, these semi-finished products can be formed into more complex parts and overmolded by means of injection molding. This combination results in components that are enhanced by a high degree of functional integration. Royal Ten Cate Almelo, the Netherlands, BASF SE Ludwigshafen, Germany Thursday, 25 October 2012 _____________________________ Note for the editor: Digital images are available on request on firstname.lastname@example.org TenCate Advanced Composites is a leader in the development and production of thermoplastic and thermoset prepreg composites for various industries. Its product portfolio is incorporated into automotive products, medical equipment and numerous other applications. TenCate Advanced Composites has production facilities and operations in North America, Europe and Asia. Royal Ten Cate (TenCate) is a multi-national company that combines textile technology with related chemical processes and material technology in the development and production of functional materials with distinctive characteristics. Products of TenCate are sold worldwide. Systems and materials from TenCate come under four areas of application: safety & protection, space & aerospace, infrastructure & the environment, and sport & recreation. TenCate occupies leading positions in protective fabrics, composites for space and aerospace, anti-ballistics, geosynthetics and synthetic turf. TenCate is listed on the NYSE Euronext (AMX). BASF is the world's leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. We combine economic success, social responsibility and environmental protection. Through science and innovation we enable our customers in almost all industries to meet the current and future needs of society. Our products and system solutions contribute to conserving resources, ensuring healthy food and nutrition and helping to improve the quality of life. We have summarized this contribution in our corporate objective: We create chemistry for a sustainable future. BASF posted sales of about EUR73.5 billion in 2011 and had more than 111,000 employees as of the end of the year. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN). Further information on BASF is available on the Internet on www.basf.com. Press release as PDF: http://hugin.info/130798/R/1652471/533409.pdf This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Koninklijke Ten Cate NV via Thomson Reuters ONE [HUG#1652471] TenCate corporate Frank Spaan Corporate Director Business Development & Investor Relations Telephone: +31 (0)546 544977 Mobile: +31 (0)612961724 Email: email@example.com Internet: www.tencate.com TenCate Advanced Composites EMEA Frank Meurs Group Director Telephone: +31(0)548 633700 Email: firstname.lastname@example.org Internet: www.tencateadvancedcomposites.com BASF Media contact: Sabine Philipp, BASF SE, Telephone: +49 (0)621 60 43348 Email: email@example.com Ultraplaste.firstname.lastname@example.org Internet: www.ultramid.de Internet: www.basf.de/plastics/pressreleases
TenCate and BASF Sign Agreement on Strategic Alliance for
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