DSM Dyneema, the inventor and manufacturer of Ultra High Molecular Weight Polyethylene (UHMwPE) fibre, branded as Dyneema, has finalised the acquisition of Cubic Tech Corporation, a US-based firm that specialises in the custom design, development, and production of innovative high performance ultra-lightweight flexible laminates and fabrics, most of them based on Dyneema.
Cubic Tech is focused on high-end solutions in applications as diverse as racing yacht sails, equipment and apparel for sportswear, outdoor and future soldier programmes as well as emergency medical equipment.DSM Dyneema, the inventor and manufacturer of Ultra High Molecular Weight Polyethylene (UHMwPE) fibre, branded as Dyneema, has finalised the #
The acquisition of Cubic Tech reinforces the position of Dyneema as one of the leading brands of ultra high performance materials. It broadens DSM Dyneema’s product portfolio, provides it with downstream knowledge complementary to its own in the processing of UHMwPE fibre, tape, and production of unidirectional (UD) fabrics, and enhances the company’s innovation pipeline, DSM said in a press release.
The acquisition of Cubic Tech accelerates DSM Dyneema’s entry into the performance apparel markets and will add important new revenue streams and developments in existing markets as well as creating access to several new applications.
Adding Cubic Tech to its portfolio also strengthens DSM Dyneema’s commitment to be a leader in offering sustainable solutions, enabling the replacement of traditional materials with new and innovative products that are lighter, stronger, more durable, and which have reduced environmental impact.
Gerard de Reuver, president of DSM Dyneema said, “The acquisition of Cubic Tech is an important part of our strategy to create, and bring to market, products and services that improve the quality of life while enabling our customers to operate their businesses more successfully.”
Jeff Turner, VP strategy of DSM Dyneema said, “Cubic Tech’s philosophy is very akin to our own, with a fundamental belief in extremely lightweight and strong constructions. It is therefore a natural extension of the Dyneema value proposition. Cubic Tech has some exciting technology, and with the addition of DSM Dyneema’s application development, operational excellence and marketing competences we expect to accelerate these developments into new areas for DSM Dyneema. We also provide the stability and strength that Cubic Tech’s customers seek in order to take their projects forward.” (GK)
Fibre2fashion News Desk - India
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