Our other sites
Today's newsletter | Register | Subscribe | Feedback

Dow signs composite deal with Russian partners

By Richard Higgs
Posted 7 February 2013

Composite manufacture in Russia has taken a big step forward following a deal between Dow and some local partners, including state-run nanotechnology corporation Rusnano, to produce composite materials and carbon fibre intermediates in the country.

The partnership, which includes Dow’s Turkish composites joint venture DowAksa, agreed to study opportunities in the areas of aerospace, infrastructure, energy, oil and gas and transportation, and to explore supplying both the Russian domestic and global markets.

The parties agreed to draw up “a comprehensive strategy” for composite production which will lead to potential investments in Prepreg-ACM and Nanotechnology Center of Composite, two Russian firms with Rusnano co-investment.

Top executives from global chemicals giant Dow, DowAksa, Rusnano and Russian composite materials producer Holding Company Composite (HCC) signed the memorandum of intent (MOI) at the 2013 World Economic Forum in Davos, Switzerland.

Signatories to the agreement included Dow chief executive Andrew Liveris, Dow Europe, Middle East and Africa president and DowAksa chairman Heinz Haller and Anatoly Chubais, Rusnano’s chief executive.

This landmark deal follows an earlier outline agreement signed by Dow and Rusnano two years ago on potential joint projects in the general areas of energy efficiency, infrastructure, lightweight materials and life sciences.

“The signing of the MOI on potential manufacturing of carbon fibre intermediates in Russia marks a significant step forward in Dow's innovation and growth strategy.

“Collaborating with the strong local players and leveraging DowAksa capabilities, we will contribute Dow's expertise in composites technology, formulation, and technical service, as well as global market knowledge and channels,” stated Dow’s Liveris.

The latest deal will also open the way for Rusnano’s Russian portfolio companies to do business and enter technological partnership with Dow Chemical, according to Anatoly Chubais.

“The agreement will enable our companies to spurt ahead in the rapidly evolving realm of carbon composite materials and to find new solutions to increasingly complex engineering challenges,” he said.

DowAksa is a 50:50 joint venture between Dow Europe and Turkey’s Aksa Akrilik Kimya Sanayii, a global supplier of acrylic fibres. DowAksa entered the carbon fibre business in 2009 by developing its own technology for the production of carbon fibre and carbon fibre intermediates.

“Our engagement with the Russian domestic companies will bring new investments to the Russian market and may enable the local production of high quality composite materials which are extremely valuable for downstream high-tech manufacturing.

“I believe that this collaboration will place DowAksa and Turkey in advanced materials league,” said Mehmet Ali Berkman, chairman of Dow’s Turkish DowAksa partner, also a Davos deal signatory.


Comment on this article.

[ Back ]



TOOLBOX

ALSO IN THIS SECTION
MOST POPULAR STORIES
Site Index [ + ]
Site Index [ - ]
Home:  PRW.com | Contact editorial | Contact advertising | Features List 2015 | About us
End Markets:  Automotive | Packaging | Construction | Medical | Consumer Products | Rubber
Processes:  Injection moulding | Blow moulding | Extrusion | Thermoforming
Supplier News:  Machinery | Materials | Recycling | Moulds | Design
Polymer Prices:  LME prices | Market outlooks | Resin selector
Industry Issues:  Environment | Regulation Competitiveness
Plastics Knowledge:  Knowledge Bank
Comment:  Champ Chat | Editorials | Business features
People:  Movers & Shakers
PRW Business Directory:  Directory
Classifieds:  Jobs | Classifieds
View:  Mobile | Desktop
Our Events:  PDM | Conferences
Industry Awards:  Industry Awards
Diary: Diary
Advertise with PRW
Subscribe:  PRW print | E-mail products
Reprints:  Reprints
List Rental:  List Rental
Crain Communications:  Crain Communications | Crain Publications

Entire contents copyright 2014 by Crain Communications Inc.
Plastics & Rubber Weekly and PRW.com are published by Crain Communications Ltd (registered in England & Wales No. 01576350).
Registered Office: 100 New Bridge Street, London, EC4V 6JA, United Kingdom.