Germany-based Compositence GmbH specializing in technologies has announced a new strategic partner that is GON Holding, a Chinese polymer composites manufacturer.
CEO of Compositence, Gregor Weber, says that China is currently one of the most promising markets in Asia, showing a great interest in polymer composites, including carbon, basalt, and other types.
Gaining such a top-partner from its shareholders, Compositence, a specialist in innovative preforming technologies for basalt and other fiber types, gets access to high-grade raw materials and huge Chinese market.
In return, Aiguo Wang, CEO of Qingdao GON Technology, comments screening of the technologies available on the market demonstrated that preforming is one of the most important parts of the composites value chain so Compositence technology will increase production process profitability and improve products released in the Chinese market.
Compositence GmbH was founded in 2009 and raised the first investments from High-Tech Gründerfonds and MBG Mittelständische Beteiligungsgesellschaft Baden-Württemberg. In 2013 a major investor Zukunftsfonds Heilbronn joined the startup.
In 2014 Compositence started to sell its unique automated fiber placement technology aiming at high volume applications like mobility, aerospace and wind energy.