The Dow Chemical Company, DowAksa Advanced Composites Holdings B.V., RUSNANO, and Holding Company Composite (HCC) have signed a memorandum of intent to develop a strategy to launch production of carbon fibre intermediates, composite materials, and solutions in Russia.
The strategy presupposes potential investments in Prepreg-ACM and Nanotechnology Centre of Composite, two Russian companies with co-investment from Rusnano. The parties have agreed to explore opportunities in the areas of aerospace, infrastructure, energy, oil & gas, and transportation, and to explore supplying both the Russian domestic and global markets.
The agreement was signed at the World Economic Forum in Davos, Switzerland, at the meeting preceding the signing ceremony, Dow and RUSNANO discussed potential cooperation between Dow and RM Nanotech, Andrew N. Liveris, Dow’s Chairman and Chief Executive Officer said;
The signing of the MOI on potential manufacturing of carbon fiber intermediates in Russia marks a significant step forward in Dow’s innovation and growth strategy, and strengthens our commitment to addressing the needs of growing emerging geographies such as Russia, collaborating with the strong local players and leveraging DowAksa capabilities, we will contribute Dow’s expertise in composites technology, formulation, and technical service as well as global market knowledge and channels.