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Three firms partner on Nanotechnology Center of Composites

08 Nov '13

4 min read

“Aksa holds 14% of the global acrylic market, and has the capacity to greatly expand production. With demand increasing due to strict regulations to curb CO2 emissions, such expanded capacity, along with Dow’s superior materials and manufacturing technologies, give DowAksa the ability to meet that demand. This new partnership will now combine Russian strength in research and development with DowAksa’s unparalleled production infrastructure advantages to improve composite applications in many sectors, including oil and gas, construction, wind and transport.”

“When finalized, this agreement will provide DowAksa accelerated access to the growing Russian carbon fiber composite market with specific focus on Oil & Gas and Infrastructure applications, as well as significantly reduce DowAksa internal investment costs by providing unique access to world class engineering resources, pilot manufacturing equipment/capabilities, and novel product development, said Douglas Parks, DowAksa Board Member and Dow Global Business Director for Lightweight Materials and Government Markets.

“In exchange, DowAksa will provide access to global market channels, exposure to international partners, and the opportunity to provide services to an international audience. This is truly a ‘win-win’ scenario for all parties involved.”

“I’m confident that Nanotechnology Center of Composites will fully exploit all the opportunities brought by a business and technological partnership with DowAksa," said Anatoly Chubais, RUSNANO CEO and Chairman of Executive Board.

“With a partner of such a caliber, our portfolio project will greatly enhance its potential in a high importance field of carbon composite materials which are suitable for a virtually limitless range of applications, from aeronautics to sports industry.”

“We do hope that the cooperation with global leaders in chemistry and composites industry, such as DowAksa, will enable us to reach a new level in the development of new products from composites for various industrial applications. We’ll have an opportunity to more effectively promote our products in Russia, CIS and across global markets,” said Leonid Melamed, CEO of HCC.

DowAksa Advanced Composites