Sabic Invests in Composites Specialist Airborne
Sabic, via its corporate venturing arm, has invested growth capital in composites specialist Airborne International B.V. in The Hague, Netherlands. The investment will contribute to Airborne’s full automation and digitization of composite manufacturing of goods that require less weight and higher strength from an array of industries.
With this investment, Sabic joins a growth financing round by existing shareholders including Pangaea Ventures Fund III, L.P., HPE PRO Institutional Fund B.V., Participatiemaatschappii Innovation Quarter B.V. and Innovatiefonds Brabant B.V.. Airborne is a technology leader in the design, production and industrialization of advanced composite products for aerospace and marine sectors. The company is on a growth path to become the leading platform in composite automated manufacturing technologies. With the new investment, Airborne will implement the digital infrastructure that will serve as a backbone for thermoplastic composite automation technologies.
In many markets like Aerospace, Automotive, Oil & Gas, Consumer Electronics and Sporting Goods, lightweight and durability are key industry drivers. Continuous fiberreinforced thermoplastic composite materials offer the potential to address these needs. Sabic's composite thermoplastic solutions coupled with Airborne’s know-how offers the unique opportunity to realize the mass production of lighter and stronger applications in a more cost effective way.
Sabic’s investment in Airborne will help enable Sabic to develop the next step in the value chain with realization of automated manufacturing for composites applications, with enhanced yields, cycle times and system cost. This is considered as a critical step towards broader use of continuous fiber-reinforced composites in the market. “This investment and collaboration with Airborne will enable Sabic to take the next step in the commercialization of thermoplastic composites and help our customers to develop unique lightweight applications,” said Ernesto Occhiello, Executive Vice President Specialties Strategic Business Unit at Sabic.
“A radical increase of the level of automation and digitalization as well as the availability of information throughout the supply chain will be a crucial success factor in the composites industry. Combined with the integration of information from material to product, this is the core of Airborne’s strategy. Joining forces with SABIC is an important step towards our new strategy becoming a frontrunner in automation and digitization of composite manufacturing,” said Arno van Mourik, Founder and CEO of Airborne International.
SABIC Saudi Basic Industries Corporation
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