The Digital Journal reported on January 17, 2014 that Aonix Advanced Materials Corp. (Ottawa, Ontario, Canada) confirmed that Solvay Specialty Polymers (Columbia, S.C.) has made a major strategic investment in Aonix and acquired a minority stake in the company. The investment lays the foundation for a significant partnership in the fast growing market for thermoplastic composites.
"Investments of this size are rare in our industry," says Jerome Le Corvec, president and CEO of Aonix Advanced Materials Corp. "Solvay's investment is a significant endorsement of our technology. Aonix is setting new standards for thermoplastic composite performance and manufacturing productivity, on the same platform."
The companies' partnership will provide Aonix with ready access to Solvay's extensive portfolio of polymers and world class expertise to help expand the range of applications possible for customers of Aonix' trademarked UltraMaterials Solution. The UltraMaterials Solution is the industry's first and only turnkey solution for the mass production of ultra high-performance thermoplastic composites (UHPC) for the consumer electronics, sporting goods, automotive, aerospace and energy markets. The investment was previously announced at the 19th International Trade Fair for Plastics and Rubber Worldwide in Düsseldorf, Germany.
The collaboration between Aonix and Solvay will expand the use of Solvay polymers in Aonix' UltraMaterials Solutions to meet overmolding challenges. "There is growing demand for overmolding with ultra high performance composites," says Le Corvec. "Our technology can meet even the most complex of composite application challenges."
The UltraMaterials Solution enables brands, OEMs, ODMs, and other producers to accelerate product development and speed new UHPC parts and products to market. "Aonix offers the industry's only turnkey solution for high volume production of 100 percent recyclable UHPC parts and products—up to several millions parts per month," says Le Corvec. Aonix handles all of the front-end formulation, prepreg, prototyping, testing, and composite material validation processes for its customers and builds the production-ready Aonix Express high-capacity molding machines needed for high volume, low-cost production. "An UltraMaterials Solution is an end-to-end UHPC production solution that eliminates many of the costly, time-consuming, labor-intensive processes associated with traditional composites manufacturing," says Le Corvec.
"Combining Solvay's know-how in high-performance polymers with Aonix' expertise in composites will create a key player meeting the growing demand for composite materials that are light, strong and rigid and that can also be recycled," said Augusto Di Donfrancesco, president of Solvay Specialty Polymers. "We will be able to market products much faster, in higher volumes and at a lower cost than conventional, epoxy-based systems."