Owens Corning partners with BASF and TenCate for thermoplastic automotive
TOLEDO, Ohio, March 14, 2013
- Three global leaders partner to deliver global solution to create lighter,
stronger, more durable, and environmentally efficient vehicles
TOLEDO, Ohio, March 14, 2013 /PRNewswire/ --Owens Corning (NYSE: OC), the
leading global producer of glass fiber reinforcements for composite systems,
today formally announced its inclusion in a strategic alliance with BASF and
TenCate Advanced Composites. The goal of the alliance is to develop optimal
solutions in thermoplastic composites for automotive mass production.
According to Owens Corning Group President Arnaud Genis,"There is a critical
and growing need in the automotive industry to have lighter, stronger and more
environmentally efficient products. Glass fiber solutions are not fully
leveraged and by combining the talent and resources of Owens Corning, BASF and
TenCate - all industry leaders - we will be able to take significant weight
out and find the optimum solutions for our customers quickly, and with the
highest quality design and structure."
In this strategic alliance:
*BASF contributes comprehensive knowledge in the production and formulation
of thermoplastic resins,
*TenCate Advanced Composites brings its expertise in composites
*Owens Corning brings the technology to develop superior and tailor made
fabrics and glass reinforcement solutions.
"A dramatic reduction in processing cost will be essential for the success of
composite materials in automotive lightweight construction," explains Dr.
Martin Jung, Head of Structural Materials Research and spokesman for BASF
Research toward the automotive industry. Jung continues, "Continuous fiber
reinforced thermoplastic composites, such as tapes and laminates used in
thermoforming processes, have huge potential for structural parts. By working
together with Owens Corning and TenCate we form a strong alliance for the
development of these thermoplastic composites."
Dave Clark, Global Group Director of TenCate Advanced Composites, states:
"The alliance with Owens Corning, BASF and TenCate combines leading glass
fiber, resins and thermoplastic prepreg technology which is essential for
enhancing innovation power and building a reliable supply chain for automotive
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.
Owens Corning (NYSE: OC) 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
is available at www.owenscorning.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.
Additional information is available at www.tencateadvancedcomposites.com
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). Additional information is available at
About BASF 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 €78.7billion 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 .
Contact: TenCate Corporate, Media Contact: Frank Spaan Telephone:
+31-(0)-546544977, Mobile: +31-(0)-612961724, email@example.com; BASF, Media
contact: Sabine Philipp Telephone: +49-(0)-621-60-43348,
firstname.lastname@example.org; Owens Corning, Media Contact: Kelly Donaghy,
Telephone +1-419-343-0207, email@example.com
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