Cytec has a long history of supplying aerospace programmes, including commercial customers such as Boeing and Airbus, with advanced composite materials.This collaboration with Jaguar Land Rover is in line with its strategic plan to grow its presence in high performance industrial markets.
Cytec's composites materials portfolio includes prepregs and resin systems, carbon fibre, and adhesives.
Jaguar Land Rover is a business built comprising British car brands Jaguar, a manufacturer of luxury cars, and Land Rover, a manufacturer of premium 4x4 vehicles. Both are headquartered in the UK. Jaguar Land Rover is part of Tata Motors, India's largest car company.
"We are excited about this opportunity to develop composite materials for high-volume serial automotive vehicles and are pleased to partner in this initiative with Jaguar Land Rover, which is known for its excellence in technological and design innovations," says Shane Fleming, Cytec Chairman, President and CEO.
"There are substantial growth opportunities in the automotive market, including demonstrated demand for cost-effective, composite materials suitable for high-volume production. The use of carbon fibre-based structural composites will play an instrumental role in reducing vehicle weight and greatly lowering CO2 emissions and fuel consumption."
"The partnership with Jaguar Land Rover is driven by Cytec's strategic plan to grow our presence in high performance industrial markets," Fleming continues.
"Cytec has a long history of supplying high-end supercars and key aerospace programmes with advanced composite materials, and the success we have experienced in the aerospace industry should certainly translate to the automotive space. As we focus on the development of advanced composite materials for sustainable vehicles, Cytec will be able to leverage its existing capabilities as well as those it recently acquired in the Umeco transaction, including state-of-the-art application development capabilities in the UK."
Speciality chemicals and materials company Cytec Industries Inc (NYSE:CYT) is headquartered in Woodland Park, New Jersey, USA.
- Cytec is the latest composites company to team up with a vehicle manufacturer. See Automotive companies select their composites partners – 8 of the best for some other collaborations.