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Sekisui Chemical acquires composite parts maker AIM Aerospace

December 02/2019

MOSCOW (MRC) -- Japans Sekisui Chemical Co. Ltd. has acquired carbon fibre parts manufacturer AIM Aerospace, based in Renton, Wash., for an undisclosed amount, said Canplastics.

As a result of the purchase, the company will change its name to Sekisui Aerospace.

"The acquisition of Sekisui Aerospace continues Sekisuis commitment to investing in growth markets with high-quality and principled companies that share our corporate values, Ian Moran, president of subsidiary Sekisui America, said in a statement. The addition of Sekisui Aerospace creates new value for our shareholders, customers, communities and employees."

Founded in 1988, Sekisui Aerospace manufactures advanced composite structures, systems, engine components, assemblies and thermoplastic technology for the aerospace industry.

With more than 1,000 employees, the company operates manufacturing centers of excellence as well as a research and technology centre at locations in the U.S. states of Washington and Iowa. Sekisui Aerospace is a fully integrated, diversified composites supplier and includes Quatro Composites.

As MRC informed earlier, Sumitomo Chemical and Sekisui Chemical (Tokyo) said that they are combining their respective polyolefin films business under a new joint venture.

AS per MRC's ScanPlast, October total production of unmixed PVC was about 88,500 tonnes versus 89,400 tonnes a month earlier, SayanskKhimPlast and RusVinyl increased their capacity utilisation last month. Overall PVC production reached 809,000 tonnes in January-September 2019, compared to 784,900 tonnes a year earlier. All plants raised their output, except for Kaustik Volgograd.

Sekisui Specialty Chemicals is an industry leader in research and development of polyvinyl alcohol (PVOH) products.
Author:Anna Larionova
Tags:PVC, Sekisui Plastics, Russia, Japan.
Category:General News
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