Evonik and Forward Engineering Establish JV

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24 Mar 2017 01:13 Valerie Rose

CHEMMONITOR.COM – Two German companies, Evonik Industries AG and Forward Engineering, have established a joint venture, known as Vestaro, to produce polyurethane (PU) composites for the automotive industry and develop composite solutions. The JV will focus on consulting, selecting and producing matrix formulations. The companies have the following stakes in Vestaro: Evonik – 49% and Forward Engineering – 51%.

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