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Sabic acquires majority stake in Fibre Reinforced Thermoplastics

Join Date: 2018-12-07

Photo by Sabic Sabic's site in Gelsenkirchen, Germany.

Petrochemical company Sabic has announced that it has expanded its portfolio of materials with the acquisition of a majority stake in Netherlands-based Fibre Reinforced Thermoplastics. Financial terms for the deal were not disclosed.

Ernesto Occhiello, EVP Specialties, Sabic said: “This investment will enable Sabic to develop new thermoplastic products, processes and design solutions to help our customers take full advantage of the unique light weighting opportunities offered by composites.”

Sabic’s Fibre Reinforced Thermoplastics (FRT) business, specialises in the production of engineered thermoplastic, fibre-reinforced unidirectional (UD) tapes which are used in industries ranging from building and construction, to transportation and energy.

“Our innovative UDMAX composite tapes complement SABIC’s existing range of thermoplastic solutions for customers striving to build smaller, lighter and stronger components that meet stringent industry standards,” said Andrey Turchin, Head of Sabic’s FRT business.

Sabic says its UDMAX tapes are made in a process that quickly and precisely enables the spread and combination of thousands of glass or carbon fibres with a polymer matrix, which means the tapes have high density fibres and fewer broken fibres. The tapes can be used for laminates and moulded parts.

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