Koninklijke Ten Cate NV : TenCate and BASF welcome Owens Corning as partner in
alliance for thermoplastic automotive composites
TenCate and BASF have welcomed Owens Corning as partner in their strategic
alliance for thermoplastic automotive composites. Owens Corning is a leading
global producer of glass fiber reinforcements for composite systems. The goal
of the alliance is to develop optimal solutions in thermoplastic composites
for automotive mass production.
In this strategic alliance Owens Corning brings the technology to develop
superior and tailor made fabrics and glass reinforcement solutions, where BASF
contributes comprehensive knowledge in the production and formulation of
thermoplastic resins, and TenCate Advanced Composites brings its expertise in
Global emission standards for vehicles continue to increase the need for
lighter vehicles that maintain strength and durability. Compared to metal
parts, fiber reinforced plastic composites can be 30 to 50% lighter.
Thermoplastic composites help increase fuel efficiency in automobiles and
reduce costs for consumers. Thermoplastic processing also dramatically reduces
production cycle times. Additionally, these products have no limitations in
shelf life and can be recycled.
Royal Ten Cate
Almelo, the Netherlands, Thursday, 14 March 2013
Note for the editor:
F.R. Spaan, corporate director, business development & investor relations
Telephone : + 31 546 544 977
Mobile : + 31 612 96 17 24
E-mail : email@example.com
Internet : www.tencate.com
Owens Corning is a leading global producer of residential and commercial
building materials, glass-fiber reinforcements and engineered materials for
composite systems. A Fortune® 500 Company for 58 consecutive years, Owens
Corning is committed to driving sustainability by delivering solutions,
transforming markets and enhancing lives. Celebrating its 75th anniversary in
2013, Owens Corning is a market-leading innovator of glass-fiber technology
with sales of $5.2 billion in 2012 and approximately 15,000 employees in 27
countries on five continents. Additional information on Owens Corning is
available at www.owenscorning.com.
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 with
environmental protection and social responsibility. Through science and
innovation, we enable our customers in nearly every industry to meet the
current and future needs of society. Our products and solutions contribute to
conserving resources, ensuring nutrition and improving quality of life. We
have summed up this contribution in our corporate purpose: We create chemistry
for a sustainable future. BASF posted sales of €78.7 billion in 2012 and had
more than 113,000 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 at www.basf.com
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. More information
Royal Ten Cate (TenCate) is a multinational company that combines textile
technology with related chemical processes and material technology in the
development and production of functional materials with distinctive
characteristics. TenCate products 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).
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Source: Koninklijke Ten Cate NV via Thomson Reuters ONE
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