Cytec Acquires Equity Position in C-Con Holdings

Cytec Industries has announced it has acquired an equity position in C-CON Holdings GmbH, an engineering, design and process development.

C-CON, located in Germany, is an engineering partner to several European automotive OEM companies including BMW Group, Daimler, VW and Audi. The company develop components and processes from the initial design through to readiness for series-production These capabilities are of particular value in expanding the adoption of CFRP for large-volume automotive applications.

The companies have also signed a joint development agreement to develop novel Carbon Fibre Reinforced Polymer (CFRP) processing techniques for high volume production for the serial automotive market, building on existing work done by C-CON.

Shane Fleming, Chairman, President, and CEO of Cytec said;

Cytec has a leading position today in supplying Carbon Fiber Reinforced Polymers for high-end automotive applications. This alliance with C-CON marks an important step forward in demonstrating our commitment to pursue CFRP technology development to enable adoption into a broader automotive market