Cytec strengthens automotive composite development with new equity position in C-CON Holdings
13 March 2014
Cytec Industries Inc. (CYT) has acquired an equity position in C-CON Holdings GmbH, a leader in engineering, design and process development. The companies have also signed a joint development agreement to develop novel Carbon Fiber Reinforced Polymer (CFRP) processing techniques for high volume production for the serial automotive market, building on pioneering work done by C-CON, and leveraging Cytec’s materials development capabilities. Terms of the agreement will not be disclosed.
C-CON, a privately held company headquartered in Germany, is a recognized engineering partner to several European automotive OEM companies including BMW Group, Daimler, VW and Audi.
It develops components and processes from the initial design through to readiness for series-production, while observing and meeting all customer requirements and legal regulations. These capabilities are of particular value in expanding the adoption of CFRP for large-volume automotive applications.
Cytec has a leading position today in supplying Carbon Fiber Reinforced Polymers for high-end automotive applications. This alliance with C-CON marks an important step forward in demonstrating our commitment to pursue CFRP technology development to enable adoption into a broader automotive market.—Shane Fleming, Chairman, President, and CEO of Cytec
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