TenCate and BASF Welcome Owens Corning as Partner in Alliance for Thermoplastic Automotive Composites

TenCate and BASF Welcome Owens Corning as Partner in Alliance for Thermoplastic 
Automotive Composites 
ALMELO, THE NETHERLANDS -- (Marketwire) -- 03/14/13 --  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 composites manufacturing. 
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 
Owens Corning is a leading global producer of residential and
commercial building materials, glass-fiber reinforcements and
engineered materials for composite systems. A Fortune(R) 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 EUR78.7 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 at
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). 
Press release as PDF: 
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Source: Koninklijke Ten Cate NV via Thomson Reuters ONE 
Note for the editor: 
TenCate corporate
F.R. Spaan, corporate director, business development & investor relations
Telephone : + 31 546 544 977
Mobile : + 31 612 96 17 24
E-mail : businessdevelopment@tencate.com
Internet : www.tencate.com
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