SABIC BROADENS COMPOSITES PORTFOLIO WITH ADDITION OF FIBER-REINFORCED THERMOPLASTIC TAPES IN ACQUISITION OF FIBRE REINFORCED THERMOPLASTICS B.V.

SABIC - one of the world’s leading petrochemical companies - has expanded its growing portfolio of innovative material solutions with the recent acquisition of a majority stake in Fibre Reinforced Thermoplastics, B.V., which is based in Lelystad, The Netherlands.

SABIC’s Fibre Reinforced Thermoplastics (FRT) business, specializes in the production of engineered thermoplastic, fiber-reinforced unidirectional (“UD”) tapes. The tapes can be used across a wide variety of industries, ranging from building and construction, to transportation and energy.

“This acquisition 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,” said Ernesto Occhiello, EVP Specialties, SABIC.

“At SABIC, we engage with our customers to develop advanced products that support their specific needs and help them realize their ambitions,” said Andrey Turchin, Head of SABIC’s FRT business. “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,” he continued.

UDMAX™ tapes are made using a unique proprietary HPFIT™ technology, which quickly and precisely enables the spread and combination of thousands of glass or carbon fibers with a polymer matrix. As a result, the tapes have a high density of fibers, high quality fiber impregnation in the resin matrix, minimal void content and fewer broken fibers.
They can be used to form composite materials that can in turn be used to manufacture components with superior performance to alternative materials, such as laminates and molded parts.

For further information please go to www.sabic.com and www.frt.sabic.com.

SABIC will be exhibiting at the JEC in Paris, 8-10 March 2016. We looking forward to meeting you at our stand – Hall 5A, L 73.

NOTES TO EDITORS

• SABIC and brands marked with ™ are trademarks of SABIC or its subsidiaries or affiliates.
• High-resolution photos are available upon request.
• SABIC should be written in every instance in all uppercase.

ABOUT SABIC

SABIC is a global leader in diversified chemicals headquartered in Riyadh, Saudi Arabia. We manufacture on a global scale in the Americas, Europe, Middle East and Asia Pacific, making distinctly different kinds of products: Chemicals, Plastics, Agri-Nutrients, Metals, and Specialties.

We support our customers in identifying and developing opportunities in key end markets such as Construction, Medical Devices, Packaging, Agri-Nutrients, Electrical and Electronics, Transportation, and Clean Energy.

SABIC recorded a net profit of SR 18.77 billion (US$ 5 billion) in 2015. Sales revenues for 2015 totaled SR 148.09 billion (US$ 39.49 billion). Total assets stood at SR 328.22 billion (US$ 87.53 billion) at the end of 2015.

SABIC has more than 40,000 employees worldwide and operates in more than 50 countries. Fostering innovation and a spirit of ingenuity, we have filed more than 10,960 patents, and have significant research resources with innovation hubs in five key geographies – USA, Europe, Middle East, South East Asia and North East Asia.

The Saudi Arabian government owns 70 percent of SABIC shares with the remaining 30 percent publicly traded on the Saudi stock exchange.

At SABIC, we combine a rich track record of doing what others said couldn’t be done, with a deep understanding of our customers. But our true impact is as a partner who can help our customers achieve their ambitions by finding solutions to their challenges. We call this ‘Chemistry that Matters™’.

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This release was published on openPR.