GERMANY: Evonik offers glass-fibre moulding for automotive
Evonik says it is now offering a glass-fibre reinforced moulding compound for automotive application based on polyphthalamide (PPA) - Vestamid HTplus M1035 P1.
Dynamically stressed casing components in the automotive industry need strong mechanical properties: high burst pressure strength is essential to withstand alternating stresses.
Good chemical resistance against corrosive media is also required, with Evonik maintaining Vestamid HTplus M1035 P1 is developed especially for use under these difficult conditions.
"We are pleased the trials carried out by our customers confirm our own test results, which allow us to increase our customers' competitiveness even more," Evonik High Temperature Polymers global business director, Simon Ting.
The Vestamid HTplus product family was developed to replace classic metal applications and is a semi-crystalline, polyphthalamide-based material resistant to high temperatures.
It combines high temperature stability with resistance to chemicals.
Evonik previously posted first-quarter group sales up 7% year-on-year to EUR3.4bn (US$3.8bn), with an improvement in adjusted EBITDA to EUR650m, up 40%.
The outlook for fiscal 2015 has been raised, with sales slightly above the prior year and adjusted EBITDA expected to be at least EUR2.2bn.
"The positive trend observed in the second half of 2014 has continued," said Evonik chairman, Klaus Engel.
"Looking at our clear earnings increase, it is pleasing to see three quarters of our 22 business lines were able to improve their earnings year-on-year.
"We should exceed the targets previously forecast for 2015."