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Mubadala Development Company and Cytec announce strategic collaboration

Mubadala Development Company, the Abu Dhabi-based investment and development company and Cytec Industries, today announced they have entered into a Strategic Collaboration Agreement. The collaboration will support the establishment of an advanced aerospace material ecosystem in the UAE.

Mubadala and Cytec are exploring opportunities to support the ongoing development of the aerostructures industry in the emirate of Abu Dhabi in the UAE. This includes evaluating the creation of prepreg manufacturing capabilities in the emirate, with the commitment of major aircraft OEMS to provide the requisite assistance and qualifications. The intent of the Strategic Collaboration Agreement is formalizing the working structure between both parties to discuss the key areas for development of prepreg manufacturing, applications development capabilities and people development in the UAE.

Homaid Al Shemmari, Executive Director or Mubadala Aerospace, Communications Technology and Defense Services commented:

“This collaboration with Cytec will contribute positively to Mubadala's efforts in creating a complete aerospacesupply chain in Abu Dhabi as we remain focused on becoming a leading industry partner in the development of next generation commercial aircraft.”

Shane Fleming, Cytec CEO, commented:

“Cytec's collaboration with Mubadala is consistent with our growth strategy. This alliance benefits the expansion of aerospace in emerging regions of the world, and we are excited to support the development of new composite applications.”

The composite content of next-generation aircraft continues to grow tremendously as manufacturers look to reduce weight and improve fuel efficiency. Cytec and Mubadala will work together to promote their superior technologies and engineering efforts for selected high-performance carbon composites applications in the structural materials aerospace market.

Press release issued by Solvay (Cytec Industries) on December 11, 2013

 

 Contact details from our directory:
Solvay (Cytec Industries) Composite Manufacturing Services
Mubadala Development Company

 

 Related directory sectors:
Composites

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