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FLORIDA, US: Saint-Gobain has finalized the acquisition of Phoenix Coating Resources Inc, a company based in Mulberry, Florida, US that manufactures ceramic ingots used to produce high-resistance thermal coatings on metal parts for the aeronautics industry. The aim is to improve the energy efficiency of aircraft engines by enabling them to operate at higher temperatures.
Phoenix Coating Resources Inc will join Saint-Gobain’s Ceramic Materials business. The acquisition will enable Saint-Gobain to expand the range of coating solutions it provides to the aeronautics industry, in alignment with the Group’s strategy of strengthening its position in high-performance solutions for growing markets.
© Reuters News
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