The major portion of the global composite market consists of thermoset materials. The activities of TenCate in this market are mainly focused on aerospace, space and radome applications and within TenCate Advanced Composites concentrated in the United States of America. The acquisition of Amber Composites will help accelerate activities in the European market in the field of thermoset composite materials.
Strategic complementary
TenCate composites activities originate in the Netherlands, where more than 20 years ago TenCate began the development of thermoplastic composites for the aviation industry under the brand name TenCate Cetex. TenCate is market leader with this activity. The main advantages of thermoplastic composites are their lower process costs and faster processing time in the production of components.
As a result of the acquisition of Amber Composites, TenCate increases its presence in the market for industrial and automotive composites, tooling materials and in the aerospace market in Europe, with both thermoset and thermoplastic composites. Thermoset composites are used as an alternative for those applications that can not be met by thermoplastic composites. This creates a one stop shop for customers of TenCate Advanced Composites.
Synergy with TenCate Advanced Composites
TenCate Advanced Composites in both the United States of America and Europe will profit from the acquisition of Amber Composites, which will produce a stronger and more balanced product portfolio. It will also ensure entry into new markets, both in the USA and in Europe.
TenCate recently announced its alliance with BASF for thermoplastic composites for the automotive market, as well as with 3M for the US tooling market aimed at expansion of its market potential for thermoset composites. Tooling composites is one of the strengths of Amber Composites. The recent acquisition of PMC Baycomp in the US and the current acquisition of Amber Composites support the company's expansion into new markets.
Royal Ten Cate Almelo, Wednesday January 16, 2013 ________________________________________________________________
TenCate Advanced Composites is a leader in the development and production of thermoplastic and thermoset prepreg composites for various industries. Its product portfolio is incorporated into automotive products, medical equipment and numerous other applications. TenCate Advanced Composites has production facilities and operations in North America, Europe and Asia.
Amber Composites is a manufacturer of composite materials for high-performance, lightweight structures. Amber Composites provides materials and technical expertise to a diverse set of industries including motorsport, automotive, aerospace, communications, marine and wind energy. www.ambercomposites.com
Royal Ten Cate (TenCate) is a multinational company that combines textile technology with related chemical processes and material technology in the development and production of functional materials with distinctive characteristics. TenCate products are sold worldwide. Systems and materials from TenCate come under four areas of application: safety & protection, space & aerospace, infrastructure & the environment, and sport & recreation. TenCate occupies leading positions in protective fabrics, composites for space and aerospace, anti-ballistics, geosynthetics and synthetic turf. TenCate is listed on the NYSE Euronext (AMX).
Press release as PDF: http://hugin.info/130798/R/1670734/543010.pdf
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Source: Koninklijke Ten Cate NV via Thomson Reuters ONE
[HUG#1670734]
Note for the editor:
TenCate corporate
F.R. Spaan, Corporate Director, Business Development & Investor Relations
Telephone: +31 546 544 977
Mobile: +31 612 961 724
E-mail: Email Contact
Internet: www.tencate.com
Source:
Koninklijke Ten Cate NV : TenCate acquires Amber Composites Ltd in England
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