14th March 2017, Essen
Evonik Industries and Forward Engineering have established the joint venture VESTARO GmbH, to drive forward the implementation of composite solutions for the industrial mass production of fibre composite components for the automotive industry.
“VESTARO is an important step in further expanding our partnership with automobile manufacturers. For many years now, we have been developing products to support their developments in lightweight construction,” commented Roberto Vila-Keller, head of the Crosslinkers Business Line at Evonik.
The core competencies of VESTARO are technology consulting and also selection and adaptation of matrix formulations to meet specific customer requirements for efficient manufacturing.
“In the joint venture, we are bundling expertise in engineering and in specialty chemicals. This means that we can offer even better tailored composite-matrix systems and even more competent service,” explained Dr Leif Ickert, general manager of VESTARO.
VESTARO is to be managed jointly by Evonik and Forward Engineering, with Evonik holding 49% of the shares and Forward Engineering 51%. The managing directors are Dr Hans Görlitzer, of Evonik Resource Efficiency GmbH, and Robert Maier, of Forward Engineering GmbH. The joint venture is to be based in Munich.
Evonik is contributing its expertise in amine hardeners (VESTAMIN) for epoxy resin formulations and isocyanate (VESTANAT) for polyurethane formulations to the material developments of the new company.
Combined with the development know-how of Forward Engineering (previously the engineering division of Roding Automobile GmbH) in composite construction, the result is a unique potential for the realisation of efficient lightweight construction solutions, the company reports.