Fiberline Composites Forms Joint Venture with Schöck
Fiberline Composites and Schöck have formed a joint venture intended to expand the use of glass fibre for reinforcement of concrete and will establish a new factory in Germany.
The companies commenced their collaboration more than 15 years ago, when they jointly created Combar, a non-corrosive, ultra-strong alternative to traditional concrete reinforcement.
Today, Fiberline manufactures the product and markets and sells it in North America, while Schöck is responsible for marketing and sales in the rest of the world.
“With the ambitious growth plans which Fiberline has made for the years ahead we need to free up capacity for other products here in Middelfart, Denmark,” says Fiberline’s CEO Peter Thorning. “With the strong support of our partner Schöck we also see the opportunity to further accelerate the development of the Combar product for the benefit of our customers through a dedicated production setup.”
The new joint venture and the factory will be sited in Halle, Germany, where Schöck already produces some of the components used in Combar. The factory is expected to start production in 2019, and until that time overall Combar production will continue to take place in Middelfart. Fiberline reports that production in Denmark will thereafter gradually be reduced in favour of products for which it is experiencing particularly heavy demand, including reinforcement profiles for wind turbine blades, profiles for windows, doors and facades, and structural profiles for load-bearing constructions.
In the new joint venture Schöck will hold a 75% share, and Fiberline 25%.
Reproduced from NetComposites Now
Published: 22nd August 2017