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WOODLAND PARK, US: Cytec Industries Inc 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.
“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,” said Shane Fleming, Chairman, President, and CEO, Cytec.
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