Joint venture focuses on lightweight composite materials for automotive and aviation industries

Essen, Germany-based Evonik Industries and Hönigsberg, Austria-based SECAR Technologie of Hönigsberg have established the LiteCon Advanced Composite Products joint venture whose aim is to mass-produce fiber-reinforced composite components for the automotive and aviation industries. Evonik is supporting the new company with its materials development expertise-particularly with its experience in developing Rohacell polymethacrylimide (PMI)-based structural foam. SECAR brings capabilities in mass producing lightweight parts to the joint venture.

The joint venture is headquartered in Hönigsberg. Evonik and SECAR manage the company jointly, with Evonik retaining a 49% stake and SECAR 51%. Arnim Kraatz of Evonik Industries AG and Karl Heinz Semlitsch of SECAR Technologie GmbH are the company's managing directors....

Read more