Solvay and Strata Sign Final Agreement

November 20 2017

Solvay and Strata have formalized their joint venture to supply Boeing with advanced composite materials from a high-tech facility to be built in Al Ain. Following the signature of the JV agreement, the parties will seek anti-trust approvals. The new approximately 8,500 square meter facility will supply Boeing with carbon fiber prepreg for primary structure applications in its new 777X program.

The equal ownership joint venture will be the UAE’s first supplier of pre-impregnated carbon fibers, also referred to as “prepreg”. The partnership marks Solvay’s entry into advanced materials manufacturing in the UAE, and Mubadala’s entry into advanced materials manufacturing for the aerospace industry through its wholly owned business, Strata Manufacturing.

For identifying growth opportunities in the global prepreg market, please visit
http://www.lucintel.com/global_prepreg_market_2016_2021.aspx

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