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Tribonex, Sweden raises investment to expand advanced surface treatment business
On October 24, InnoEnergy announced that its portfolio company Tribonex has raised SEK 15.7 million (around EUR 1.35 million) to accelerate the industrial rollout of its surface treatment technology. Tribonex develops and commercialises Triboconditioning, a patented surface treatment process. It significantly reduces
BASF announces agreement for coating business with Carlyle, US, and QIA, Qatar, for EUR 7.7 billion
On October 10, BASF and funds managed by global investment firm Carlyle, in partnership with Qatar Investment Authority (QIA), entered into a binding agreement relating to BASF’s automotive OEM coatings, automotive refinish coatings, and surface treatment businesses (BASF Coatings).
The enterprise value of the transa
Magna introduces next generation vehicle exterior solutions Morphing Surfaces
Magna International Inc. (Magna) announced that its new solution of next generation vehicle exterior called Morphing Surfaces will make its debut at the Consumer Electronics Show (CES) in January 2023. Developed to help raise efficiency and enhances automotive design, the new Morphing Surfaces own thermoplastic mater
BASF’s surface treatment and production site in Pinghu, Zhejiang starts operation
BASF announced that its Chemetall sub-brand has officially put the surface treatment and production site in Pinghu, Zhejiang into operation. Covering an area of 60,000 square meters, the site is BASF’s largest surface treatment site in the world. The new site is designed as an intelligent plant and will achieve exten
Nanofilm and Everwin’s new China JV to provide vacuum coating solutions for advanced batteries in EVs and Energy Storage Application
Announced on September 29, 2022, Singapore-based Nanofilm and China-based Shenzhen Everwin Precision Technology Co., Ltd (Everwin)’s newly formed joint venture is poised to shift the EV and new energy sectors away from the toxic emissions and adverse environmental impacts associated with electroplating.
The new JV,
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