MOSCOW (MRC) -- Hanwha Azdel, Inc. announced that growing demand for lightweight composites in North America and Europe has prompted the company to increase capacity for its Azdel SuperLite lightweight reinforced thermoplastic (LWRT) composite product at its Lynchburg, Va. production facility, said Plastemart.
The company is adding more space at the plant plus an entirely new production line that is due to come on stream in Q2-2015. Growing demand from customers in the recreational-vehicle (RV), automotive, commercial truck, building & construction, office furniture, and industrial market segments prompted the move to add capacity to support sales efforts in North America and Europe.LWRT composites are lower density forms of traditional glass-mat thermoplastic (GMT) composites with a higher fiber-volume fraction (ratio of reinforcement to resin).
These sheet-form composites are molded into a variety of parts using thermoforming (a low-pressure variant of compression molding) or used in sandwich panel constructions to create panels, which are usually faced with fabric, wallpaper, laminate, or film skins. The lightweight composite will not rust, corrode, or rot, significantly reduces panel or part weight, lowers sound transmission (provides acoustical damping), and offers thermal insulation. Further, third-party product testing to ASTM E 1333-96 standards by an ISO 17025 accredited testing laboratory has verified that the material contains no detectable levels of formaldehyde.
The RV industry is the fastest growing market segment for Azdel SuperLite and also is where the material can offer the strongest value proposition (halving weight and eliminating water-related issues).
Investment in the new North American production line is another milestone in Hanwha Azdel's goal of fully globalizing Azdel SuperLite LWRT, a patented technology that then Azdel, Inc. introduced in 1999 and that has revolutionized how transportation OEMs produce composite panels ranging from headliners to underbody shields to wall systems. These tough but light composite materials offer sustainable-mobility solutions and remain an important element of Hanwha Azdel's global business strategy. The capacity expansion will support North American and European customers by providing a more consistent regional supply of lightweight thermoplastic composite materials, whose global demand is projected to rise at more than 10% annually through the year 2020.
As MRC informed earlier, Hanwha Chemical is no longer considering buying parts of Dow Chemical's chloro-alkali business. South Korea's Hanwha Chemical had picked Credit Suisse to advise on possible purchases from Dow Chemical's chloro-alkali business but its interest is still in the early stages, Hanwha said earlier this year.
Hanwha Group is one of the largest business conglomerate in South Korea. Founded in 1952 as Korea Explosives Inc., the group has grown into a large multi-profile business conglomerate, with diversified holdings stretching from explosives, their original business, to retail to financial services.
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