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3A Composites Holding AG signed investment agreement for PET project

News International-French

17 Jul 2019

In order to meet the increasing market demand in China, 3A Composites Holding AG signed an agreement on setting up a production base for high-performance PET structural foam materials located in Changzhou National High-Tech District (Jiangsu province).

3A Composites Holding AG signed investment agreement for PET project

3A Composites Holding AG signed investment agreement for PET project

It is reported that the company will bring the latest developed PET production facility to China. The project is also recognized as the first Swiss investment program since the launch of Sino-Swiss (Changzhou) Industrial Park in September 2018. The project is expected to cover the increasing market demand in China and Asia Pacific region after its full production.
 
District Mayor Qiao Junjie met the representatives from 3A Composites at the signing ceremony, Deputy District Mayor Xu Yawei and Asia Managing Director 3A Composites Core Materials Division John Chen signed the agreement on behalf of each party.
 
PET structural foam is an environmentally friendly, lightweight and high strength composites material widely used in aviation, marine, road, rail, wind energy and many other fields. 3A Composites enjoys prime positioning as market leader in its segments.
 
3A Composites has offices and manufacturing operations in 27 locations in Europe, the Americas and Asia with approximately 4,000 employees. The company achieves an annual turnover of about 1 Billion CHF. 3A Composites belongs to the listed company Schweiter Technologies.