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Medica and Compamed Present Themselves as Extremely Vital Platforms in Turbulent Times

Medica and Compamed Present Themselves as Extremely Vital Platforms in Turbulent Times

When it comes to searching for business alternatives and reliable partnerships, the international healthcare industry is particularly active

Medica and Compamed continue to develop in an extremely vital manner. The world’s leading medical trade fair and the international No. 1 for the medical technology supply sector once again impressively underscored their positive results from the previous year with strong numbers – despite continuing adverse conditions. A significant increase in bookings on the part of the exhibiting companies was followed after four days by a marked increase in the number of trade visitors attending the event. More than 81,000 visitors from various sectors of the global healthcare industry came to Düsseldorf, Germany, to attend Medica 2022 and Compamed 2022 from 14 – 17 November 2022. Here, a total of more than 5,000 exhibitors from 70 nations offered them a variety of innovations for modern outpatient and clinical care – including all components, products and processes for their development and production. The share of international trade visitors was 75 percent. After the European countries, trade visitors from South Korea, the USA and groups of visitors from India and North African countries were also represented in large numbers.

“Flying your flag, presenting convincing innovations, intensifying networking: These are the means of choice for companies to demonstrate strength in a challenging market environment. Medica and Compamed, with their international appeal and the visitor´s high degree of decision-making authority, offered the best opportunities for this”, says Erhard Wienkamp, Managing Director of Messe Düsseldorf, underlining the prominent role of both events as platforms for the global healthcare business. More than 80 percent of all trade visitors are significantly involved in important business decisions in their companies and institutions.

Among the top decision-makers who visited Medica 2022 was, for example, German Federal Minister of Health Prof. Dr. Karl Lauterbach. He took part in the opening event of the 45th German Hospital Day and outlined the key points of the planned hospital reform. Also among the Medica guests were H.E. Prof. Ron Prosor, Ambassador of Israel, Mona Neubaur, Minister of Economics of North Rhine-Westphalia and, among others, the Consuls General of Japan and the USA, Setsuko Kawahara and Pauline Kao.

“Cooperation and communication are drivers of the industry”

In a dynamically changing market environment, medical technology companies are relying more than ever on cooperative ventures – both in terms of production, marketing, sales and after-sales services – in order to be able to reliably offer customised solutions for hospitals and outpatient care across national borders. For these reasons, Medica is virtually predestined as a starting point for international business, as Yvonne Glienke, Managing Director of the medical technology network Medical Mountains, emphasises: “Medica is an important platform for us and the companies in our network to expand contacts and find partners for joint projects. Both aspects come together at the Medica Tech Forum. Here, for the first time, we were able to contribute our expertise alongside the industry association Spectaris and also organise a networking evening. Cooperation and communication are the driving forces to advance the medical technology industry.”

The forum, jointly organised by the industry association Spectaris and Medical Mountains, provided an overview of medical technology topics that are of particular relevance today. Among others, the sessions on aspects of product approval, certification issues or market peculiarities in relation to selected country markets such as the UK, Norway or China were very well received by the Medica audience.

The strong interest in this is not surprising. According to the latest Spectaris figures, the German medical technology industry generates two-thirds of its sales in the export business. The German Health Alliance (GHA), a broad-based initiative with members from industry, logistics, research, the banking sector and NGOs, has also set itself the goal of boosting this business. Heike Lange, member of the GHA management board, points out that Medica offers the best conditions for achieving these objectives: “Medica, with the participation of numerous international exhibitors, offers a good opportunity for GHA member companies to meet international cooperation partners, whether as visitors or while participating as exhibitors. This combination often results in expanded opportunities for cooperation, especially with regard to the export-oriented companies among our members.”

Focus on digitalisation – innovations for smart processes

The following can be summarised with regard to the abundance of innovations presented and the topics intensively discussed in the specialist forums or accompanying conferences: Covid is an unchanged “perennial” topic. Not least as a result, the digitalisation of healthcare has become an even greater focus in almost all countries. And a strained personnel and cost situation among service providers is driving product development toward innovative solutions for smart processes.

In the context of the Covid pandemic and the increasing trend towards outpatient treatments in healthcare, products and services for the point of care, i.e. for patient-oriented diagnosis and treatment, remain in high demand. With the title “Covid-19: The Challenge Remains”, the Medica Labmed Forum provided a fitting medical perspective and bridged the gap in terms of content. Current challenges were discussed, based on ever new virus variants, and the need to improve both diagnostics and therapy (keyword: vaccine development) to be adjusted accordingly. Detection of new viral variants, immunity testing using antibody and T-cell assays and approaches to developing a universal Covid-19 vaccine were among the topics the contributions focused on.

Meanwhile, the “booster” for the digitalisation of healthcare and the demand for smart processes benefits the (digitally driven) start-up scene. During the days of the trade fair, they were offered a variety of options to present themselves. The Medica Connected Heal Thcare Forum as a dialogue platform on digital health trends with integrated pitch competitions especially for start-ups as well as the Medica Start-Up Park as a large joint booth with again about 40 companies are worth mentioning. The competition for the 11th Medica Start-Up Competition, which annually focuses on outstanding digital innovations, was won in the final pitch by the start-up Idoven from Spain with a cloud-based, AI-supported platform for ECG analysis.

Artificial intelligence and robotics with practical benefits

The portfolio of other innovations presented by start-ups at Medica 2022 ranged from a palm-sized system for wireless monitoring of the unborn, ultrasound heads with special contour-fitting capabilities, to other numerous solutions based on artificial intelligence (AI), such as for the precise diagnosis of neurocognitive disorders based on eye movements or the simplified keeping of electronic medical records.

Speaking of help for medical personnel: During Medica 2022, researchers at Fraunhofer IPA presented a system for patient anamnesis during admission to clinics that will no longer require the immediate presence of medical staff. Sophisticated sensor technology ensures the automatic recording of vital data, and an avatar assists in questioning the patient. The trend toward automated processes is also confirmed by Axel Weber, Vice President Sales Medical Robotics, Kuka Deutschland GmbH (Robotics Division): “Medica is the largest medical technology trade fair in the world. We participate in the fair because it is the ideal platform for us to present our innovative technologies. With our robotics, we are shaping the medical technology of tomorrow. One trend is the increase of more autonomy in systems in medical technology. In the future, these will be able to perform more and more tasks independently thanks to numerous sensors and supported by artificial intelligence. This is already the case in rehab, for example. In the future, though, we’ll see it more and more in surgery.”

Golden health tips from winning Olympians

During all fair days, visitors were able to meet victorious Olympians – not only in the form of virtual avatars but also live: Heike Henkel, Olympic high-jump champion, and Lars Riedel, Olympic discus throw champion, were the focus of lively interest at the Medica Sport Hub – a new action area in the middle of the physiotherapy theme segment. In short presentations and supplemented by small exercises to participate in, the focus was on tips & tricks for healthy training, proper nutrition, team success or aspects of mental health. On these topics, Heike Henkel and Lars Riedel were able to report not only from their wealth of experience as sports professionals, but also from their current active lives. As a certified mental coach, Henkel advises competitive athletes, while Riedel is a passionate golfer. On every day of the trade fair, he invited visitors to participate in a special golfer’s warm-up with regard to establishing the perfect rotation of the body. As a sought-after brand ambassador in the medical sector, Riedel knows Medica well: “It’s always exciting here to see how products and technology evolve.”

Subcontracting: Cutting-edge know-how for cutting-edge technologies

In many cases, an important foundation for top performance using cutting-edge technologies (e.g., for vital data acquisition) is provided by the approximately 700 companies presenting themselves at Compamed in Halls 8a and 8b. They provide the medical technology industry with a complete range of high-performance components and digitalised solutions, such as sensors, batteries, chips, biocompatible and ultra-tight coatings and radio modules for mobile diagnostic devices (including wearables), implants and laboratory equipment. Microfluidics is currently a particularly popular topic and was therefore the subject of two well-attended program sessions at the Compamed High-Tech Forum held by the IVAM trade association. The handling of liquids in the smallest of installation spaces is significant for laboratory medical test procedures and, as a result of the Covid pandemic, has been the focus of sustained attention.

Information is available online at https://www.medica-tradefair.com and https://www.compamed-tradefair.com.

 

 

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New Thermolast H Polar Adhesion TPE Series for Medical Devices

New Thermolast H Polar Adhesion TPE Series for Medical Devices

Kraiburg TPE, a global manufacturer of thermoplastic elastomer products and custom solutions for a wide range of industries, is proud to introduce the Thermolast H HC/AD1/AP series of compounds that allow adhesion with a range of polar thermoplastics.

The medical device industry is driving product innovation to meet the demands of today’s advanced healthcare system. Thermoplastic elastomers (TPEs) are widely used in medical technology because of their high strength, transparency, biocompatibility, as well as soft touch surface and superior adhesion properties.

Recently, Kraiburg TPE has added the HC/AD1/AP polar adhesion series to the Thermolast H product family that offers superior bonding with PC, ABS, PC/ABS, PETG, and PCTG polymers.

Heng Hooi Chi, Product Specialist at Kraiburg TPE, comments on the material advantage of the Thermolast H series: “Thermolast H is your material solution for healthcare and medical device application needs with superior adhesion to engineering thermoplastics such PC, ABS, PETG, etc. Our high-quality material solutions meet Asia Pacific medical standards and custom-engineered support at all project stages upon request.”

Aditya Purandare, Project Manager Market Launch Thermolast H Asia Pacific, comments on the material advantage of the Thermolast H series: “Manufacturing Thermolast H, the exclusively designed TPE for the Asia Pacific medical device market requirements in Malaysia will benefit our Asian customers with a high-quality product, quick lead times, application and technical support as well as product customization.”

Design flexibility for products

Kraiburg TPE’s Thermolast H HC/AD1/AP series, which is available in hardness ranging from 30 to 80 Shore A, has optimized mechanical properties and soft touch surface for product design flexibility.

The series is available in natural color for flexible coloration options, since manufacturers are increasingly looking for opportunities to strengthen their competitive edge by enhancing their product aesthetic impact.

Kraiburg TPE’s Thermolast H HC/AD1/AP series can be directly injection moulded (without bonding agents) to adhere a hard thermoplastic with a soft TPE compound, allowing for savings in multi-component applications, as well as rendering shorter assembly and production times.

Medical-use compounds

Targeted at the medical device sector, the Thermolast H HC/AD1/AP series is sterilizable.

Furthermore, this series is free of animal ingredients, PVC, silicone, and latex, and complies with Cytotoxicity ISO 10993-5, GB/T 16886.5 as well as the RoHS and REACH.

This makes the compound ideal for use in healthcare and medical device applications such as handles and grips, push buttons, seals, valves, flexible connectors, and other products requiring high levels of safety and hygiene.

Sustainability successes of our TPE

Kraiburg TPE’s recent sustainability innovations include a specially developed material solution for automotive, consumer, and industry applications comprising post-consumer recycled (PCR) and post-industrial recycled (PIR) content.

 

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Asahi Kasei Starts Selling BR and S-SBR Made Using the Mass-balance Method

Asahi Kasei Starts Selling BR and S-SBR Made Using the Mass-balance Method

Asahi Kasei will, in November 2022, begin the sale of TufdeneTM S-SBR (solution-polymerized styrene-butadiene rubber) and AsadeneTM BR (butadiene rubber) made using the mass-balance method at Asahi Kasei Synthetic Rubber Singapore Pte. Ltd. and the Synthetic Rubber Plant of Asahi Kasei’s Kawasaki Works. The sale will be based on the ISCC Plus certification for S-SBR and BR acquired by Asahi Kasei’s Synthetic Rubber Division in October 2022.

Asahi Kasei has gained a strong reputation for its high-performance grades of S-SBR that are optimal for eco-friendly tires with excellent fuel efficiency and wear resistance characteristics. In order to further contribute to reduced CO2 emissions, Asahi Kasei will manufacture and sell S-SBR made using the mass-balance method with raw material derived from biomass and plastic waste along with other raw material.

There is also growing demand for reduced environmental burden in various other applications, including requests to decarbonize. For these applications, Asahi Kasei will similarly manufacture and sell BR made using the mass-balance method. Asahi Kasei aims to be a sustainable partner for its customers through the manufacture and sale of these products, while reducing GHG emissions from manufacturing at each plant and contributing to reduced burden on the global environment.

For more information, visit www.asahi-kasei.com.

 

 

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Sidel is Supporting the Growth of Mont Roucous France With a New, Turn-key Bottling Line for Water in 1 L PET Bottles.

Sidel is Supporting the Growth of Mont Roucous France With a New, Turn-key Bottling Line for Water in 1 L PET Bottles.

Founded in 1977, the Mont Roucous company was sold to Danone in 2000, and in 2007 it became an independent company again. From its early days, Mont Roucous has positioned its water as ideal for mothers and babies and has long been recommended by maternity clinics. With its very low mineral content, the water is perfect for the digestive systems of newborns and infants, who do not yet have mature kidneys. To respond to parents’ needs for greater practicality, Mont Roucous has switched from the 1.5 L to the 1 L format. To handle this increase in production of 1 L bottles, Mont Roucous collaborated with Sidel, one of the world’s leading providers of packaging solutions for liquid foods, and opted for a Sidel complete bottling line with an output rate of 40,000 bottles per hour. After the installation of this new line in October 2021, the 100 million bottle milestone was reached in late May 2022.

A trusted partner for a major project

Since its repurchase in 2007, Mont Roucous, a family-run business in the heart of the Lacaune Mountains at 1000 meters in altitude, has tripled its production of water in PET bottles. In the past three years, production of the 1.5 L format has been gradually abandoned in favor of the 1 L format to meet mothers’ needs for greater practicality. This new ambition led to a site renovation project with the aim of increasing production capacity and giving Mont Roucous the opportunity to promote local job creation more than ever. After 18 months of work, the plant has been expanded to welcome a new bottling line and a new logistics platform with 15 loading docks.

To implement this major project, Mont Roucous was looking for partners that could handle projects in their entirety. For the bottling line, Sidel was naturally approached owing to its long-standing relationship with Mont Roucous since the late 90s during the passage from PVC to PET bottles, its leadership in blowing and its ability to manage turn-key projects. “In light of the expertise needed to complete such a project in a relatively short time, we went with Sidel’s skills and expertise, so that we would have a single point of contact that could manage the project from A to Z. And Sidel did not let us down. In collaboration with our teams, Sidel took charge of the project in full, from the design and engineering of the complete line to the manufacture and installation of the equipment. And of course they did this in compliance with our specifications and our specific expectations,” explains Denis Bernard, Managing Director – Partner. And Nicolas Sadot, Account Manager France, says: “Even though this project was prepared right in the middle of the lockdown, the collaboration between Mont Roucous and Sidel was efficient. Meetings were held quite regularly by video conference, helping us to understand the needs and issues and to define the technical solution.”

The Sidel complete solution

Since late November 2021, the Sidel line has been successfully producing 40,000 bottles per hour. The bottling line includes the latest generation of Sidel equipment, from the Combi EvoBLOW SF100FM to the EvoFlex palletizer, not to mention the EvoDECO Roll-Fed labeler and the EvoFilm film wrapper. “The optimized layout for the line perfectly takes into account the constraints of the new building. Its ergonomic design and the properly sized accumulation, in accordance with our specifications and with the recommended standards, facilitate line management and offer optimal conditions for servicing, if necessary. The number of operators is in line with our initial expectations. The line has digital solutions on board: it is equipped with an EIT (Efficiency Improvement Tool) to measure and gather line performance data and set up continuous improvement actions,” explains Denis.

More than 140 million bottles in less than a year

After delivery of the machines in the summer of 2021, installation went off without a hitch, making it possible to reach the contractually agreed efficiency in October 2021. Since that date, more than 140 million bottles have already been produced. Support from Sidel’s experts was key to project success. And not only during the study, installation and commissioning phases. The eight weeks of technical training provided at the Mont Roucous site were also essential for the teams, helping them run the line optimally and gain technical knowledge about the different machines. Not to mention aftermarket service, 24-hour assistance and parts availability. “We are very proud of this line and the potential it offers to support the growth of Mont Roucous. Our market share is steadily rising, with a 10% increase in revenue the past two years. And we are looking forward in early 2023 to the start-up of a second Sidel Combi to handle other bottle formats,” sums up Denis.

 

Find out more at www.sidel.com

 

 

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Promix Microcell Technology Breakthrough in Foam Extrusion

Promix Microcell Technology Breakthrough in Foam Extrusion

The new Microcell Technology from Promix Solutions, a leader in physical foam extrusion using environmentally friendly blowing agents CO2 and nitrogen, will reduce raw material consumption in extrusion processes by up to 20 % without losing mechanical properties. Until now, the density reduction in physical foaming contributed to a certain loss of mechanical properties. This recent breakthrough has changed this and makes the technology even more attractive.

The secret of high-quality physical foaming lies in the cell structure. Tests have shown that very small and evenly distributed cells result in significantly improved mechanical strength. A foam with 50 μm cell size has 27 times more cells than a foam with 150 μm cell size (same density). This fact makes it understandable that the mechanical behavior of microcell foams is different. The key to achieve the small cells is a combination of various factors. The dispensing of the blowing fluids with very high precision and in supercritical stage, unique cooling and mixing equipment, special nucleation technology and further improved process knowhow was required to achieve the next level of foaming.

The example above illustrates the new potential. The thermoformed PET tray foamed with Promix Microcell Technology (grey) shows the same mechanical top load properties as a solid tray (yellow) but is 18 % lighter. The non-foamed benchmark tray that is also 18 % lighter (blue) shows however significantly reduced top load properties. This example documents that the Microcell Extrusion Technology is an effective way to save up to 20 % raw materials without compromising mechanical properties and is in addition reducing energy consumption and environmental footprint. The internal and external recyclability remains 100 % intact and is equivalent to the non-foamed products.

Promix Microcell Technology works for all types of extrusion processes including packaging films, sheets and boards, pipes and profiles, cables, blown film and extrusion blow molding. The technology can be retrofited to existing extrusion lines as well as installed in new lines. Promix is working with a number of machine builders to achieve a perfect match.

 

Promix Microcell foam structure with < 50 µm cells on the example of a PET film.

 

For more information: www.promix-solutions.com.

 

 

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The Needs of the Manufacturing Sector Met Through Technological Innovation on Display at Propak

The Needs of the Manufacturing Sector Met Through Technological Innovation on Display at Propak

Join global leaders and regional specialists at the leading exhibition and conference for the packaging, plastics, printing and processing industry in West Africa.

Taking place over three days, Propak West Africa will host more than 220 brands showcasing their equipment and services to an audience of more than 5,000 industry professionals all searching for new innovative solutions, cutting-edge technology and valuable insights within the manufacturing value-chain.

As Propak has grown and adapted over the years to fit with the needs and requests of the industries it serves, it has cemented its position as the only event capable of providing a platform for all the industries stakeholders to come together. This has been confirmed by the full endorsement from the Industrial Development Department of the Federal Ministry of Trade and Investment. The ninth edition of Propak will be opened with a keynote address from His Hon. Minister Otunba Richard Adeniyi Adebayo.

Following on from the Hon. Minister the conference, under the main theme ‘Technological Innovation in Machinery, Processing, and Smart Packaging for Increased Quality and Throughput’. will see topics ranging from pharmaceutical packaging, to flexible packaging, Automation 4.0, Trade & Exports, Emerging trends in digital print, chemical recycling and many more pertinent topics.

As well as these sessions, KPMG will be hosting a dedicated morning of presentations and panel discussions focusing on the Environmental, Social and Governance goals that are so prevalent in today’s climate. These sessions will be hosted by Senior Partners and Managers from KPMG ESG Services.

The exhibition floor this year will see the largest array of manufacturing machines ever showcased live at an event in Nigeria with Percoso, Bole Machinery, Meper, Sigitaspak, Exact Solutions, Skysat Technologies and Neofyton all installing machines, ready to demonstrate their capabilities. This year’s exhibition will also see pavilions from Austria, China, Egypt, India and Italy bringing their countries cutting edge technology to the West African market. And as ever the leading names from the regional market will also be on display including Afra, Vista, Sarsoli Colours, Atlas Copco, Stav Ltd and Newlord.

With so many things to look forward to make sure you have registered for Propak West Africa and don’t miss your opportunity to become a market leader and build your business connections.

www.propakwestafrica.com

 

 

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Ascend Buys Majority Stake in Recycler Circular Polymers

Ascend Buys Majority Stake in Recycler Circular Polymers

Ascend Performance Materials has purchased a majority stake in California-based Circular Polymers, a recycler of post-consumer, high-performance polymers including polyamide 6 and 66, polypropylene and polyester (PET). The deal provides Ascend with a consistent supply of high-quality PCR materials for its ReDefyne sustainable polyamides, launched at K 2022.

Circular Polymers, which as part of the deal is renamed Circular Polymers by Ascend, reclaims and processes post-consumer carpet via a unique technology and has redirected approximately 85 million pounds of waste from landfills into new goods since 2018.

“We are focused on helping our customers reach their sustainability goals and Circular Polymers by Ascend provides materials that offer strong performance with a considerably smaller environmental footprint, compared to other technologies like pyrolysis,” said Phil McDivitt, president and CEO of Ascend. “Since we launched ReDefyne, the demand for our circular products has been significant across all segments of our business, including automotive, consumer, electronics and high-performance fibers and textiles.”

Ascend, a fully integrated producer of durable materials, has a sustainability strategy based on three pillars: empowering people, innovating solutions and operating without compromise.

Ascend has committed to reducing its greenhouse gas emissions by 80% by 2030 and recently announced two new efforts to reduce the carbon footprint of its products.

David Bender, founder and CEO of Circular Polymers, will hold the remaining equity and stay on as CEO of the company.

“Since 2018, we have focused on improving the sourcing and processing of post-consumer high-performance polymers,” said Mr. Bender. “Having Ascend on board will accelerate our growth and ensure these materials go back into new long-term, high-performance applications.”

Learn more about Ascend at www.ascendmaterials.com.

 

 

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SPE Announces “lifetime Achievement Award Winner” – Probir Guha Will Be Honored At SPE Automotive Innovation Awards Gala

SPE Announces “lifetime Achievement Award Winner” – Probir Guha Will Be Honored At SPE Automotive Innovation Awards Gala

Probir Guha, who retired in 2021 after an illustrious career in the automotive composites industry (mostly with the Budd Company, Continental Structural Plastics and Coats), has been named the 2022 Lifetime Achievement Award winner by the Automotive Division of the Society of Plastics Engineers (SPE). Over his almost 50 year career, he led key innovations in the field reflected by his many global patents (179 patents issued & pending as of June 19, 2022); participated in industry technical conferences presenting several papers and holding committee leadership positions; was recognized with an industry award for innovation, research and advancements with the 2019 Pioneer Award by The American Composites Manufacturers Association (ACMA); and has edited a book where he coordinated the efforts of industry and academic experts to share concepts of how to further the composites industry.

Guha has recently formed a technology consulting company, Composites Innovations Inc., bringing the adoption of lightweight materials across multiple applications focusing on sustainability and recyclability, continuous hybrid fibers, smart composite technologies and artificial intelligence in products for continuous improvement.

His formal education includes a bachelor’s degree in Chemical Engineering from the Indian Institute of Technology, Kharagpur, India; a master’s in Polymer Engineering from the University of Detroit, Detroit, Michigan; and a master’s in Business Administration from Wayne State University in Detroit, Michigan.

“I am overwhelmed with gratitude to be honored with this highly esteemed SPE Automotive Division Lifetime Achievement award and thankful to the awesome teams of automotive engineering professionals who contributed greatly to making the many innovations I am credited with possible,” said Guha.

“Probir’s polymer composites expertise and innovative problem solving talent established the successful application of SMC (Sheet Molded Compound) on the innovative Pontiac Fiero body pioneering its use in numerous automotive applications with multiple OEMs,” said Dave Reed P.E, who worked for General Motors (GM) for 45 years in Materials Engineering and received the SPE Automotive Div. Lifetime Achievement Award in 2011.

“Probir was an industry leader in composites technology, leading the development and launch of Tough Class-A SMC for body panels, structural SMC for composite pick-up boxes and numerous innovations in glass and carbon fiber reinforced composites. His career achievements are prodigious and he is a worthy recipient of this award,” said Mark Lapain, Sr. Business Development Manager at Advanced Composites and SPE Lifetime Achievement Award Chair.

“Probir has been the leader enabling and guiding many game-changing polymer innovations recognized in the SPE Automotive Innovations Awards program over the years,” said Jeffrey Helms, global automotive director, Celanese and SPE Automotive Innovation Awards Gala Chair. “It’s wonderful and well deserved that Probir will be recognized as our 2022 Lifetime Achievement Award winner.” https://speautomotive.com/

 

 

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GIC and ESR Establish a US$600 Million Joint Venture to Invest in Core Industrial and Logistics Assets in India

GIC and ESR Establish a US$600 Million Joint Venture to Invest in Core Industrial and Logistics Assets in India

The new Core JV provides focused capital for investments into core industrial and logistics assets in India

GIC and ESR Group Limited (“ESR”; SEHK Stock Code: 1821) announced, today, an 80:20 strategic partnership to establish a US$600 million joint venture (“Core JV”) to acquire income-producing core industrial and logistics assets in India.

The Core JV represents an extension of the existing partnership in India between the two, which was initiated in 2020, with the initial capital pool dedicated to investing in development and value-add logistics and industrial opportunities across India. The new Core JV provides focused capital dedicated to enabling inorganic growth of the platform and will invest in stabilised operational assets in strategic locations across Tier 1 and Tier 2 cities of the country. Investments in enabling
sustainable infrastructure are critical to the country’s development. With an upsurge in the share of organised retail and e-commerce, supported by emerging sectors such as electric vehicles and semiconductors, the industrial and logistics asset class is expected to outperform other real estate and infrastructure asset classes in the medium term.

Jeffrey Shen and Stuart Gibson, ESR Co-founders and Co-CEOs said: “Capital partner support has been key to the growth of ESR’s new economy real estate platform. We are excited to work with GIC to capitalise on the strong growth in the logistics sector in India. This stems from our long and deep strategic relationship covering multiple geographies and funds. As APAC’s largest real estate asset manager, ESR’s integrated fund management platform has provided our capital partners with accessto some of the world’s best secular growth opportunities propelled by the positive trends of e-commerce and digital transformation. These trends open new investment opportunities to ESR and our capital partners as the demand for advanced, large-scale, well-located logistics and industrial assets become even greater.”

Abhijit Malkani, CEO of ESR India, stated: “India is at the cusp of a supply chain transformation supported by automation, digitisation, and favourable government policies. Class-A industrial and logistics developments offer a variety of features to enable increased operational efficiency, which is vital to this shift. With the Core JV platform, we will upgrade the assets as required, and add sustainability elements, to ensure that we offer the same product quality to our customers as we do
for products that we develop ourselves.”

ESR India, part of the ESR Group, is a leading developer and manager of industrial and logistics real estate with assets under management of approximately US$1.7 billion and over 18 million sq. ft. of GFA.

More information is available at www.esr.com and www.in.esr.com.

 

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Functional Material Solutions for The Car Interior

Functional Material Solutions for The Car Interior

Megatrends such as autonomous driving, electrification and personalization mean that in the future, car interiors will no longer be the same as they have been for a long time. Groundbreaking technologies will find their way in there, but so will entirely new design solutions. As a leading plastics supplier and long-standing partner to the automotive industry, Covestro has continued to develop its range of innovative materials and products to support the transition of automotive interiors into the future.

Covestro is presenting the advanced solutions for automotive interiors unveiled at the K 2022 plastics trade show to the advanced solutions for automotive interiors now at this year’s Automotive Interiors Expo in Stuttgart, Germany, November 8-10, 2022. At booth 3312 in Hall 3, the company will showcase a range of smart and sustainable material solutions that keep pace with the latest trends in automotive interior design.

Shaping the driving experience with new technologies

Makrolon Ai polycarbonate offers a special edge-lit composite color that can range from transparent to translucent, providing various options for ambient and dynamic automotive interior lighting. The combination of this material with the lightweight composite Maezio, which offers tremendous design freedom and is made partly from post-industrial recycled materials, allows occupants to sit back and enjoy the ride.

Functional integration through back-injection of polycarbonate

Covestro has developed the first material that is shrinkage-free and highly dimensionally stable, transparent and heat-resistant: Makroblend OM 845G, a polycarbonate blend with 20 percent glass fibers. This material can be back-injected and back-lit to create textured and 3D shapes.

Soft-touch coatings create surprising textures

Covestro offers a versatile range of hard to flexible aqueous 2-component (2K) polyurethane dispersions that allow a high degree of design freedom (from soft to hard). By combining this 2K polyurethane technology with edge-lit and high-tech Makrolon Ai materials, it is possible to create a wide range of innovative textures.

Innovative coatings and adhesives for instrument panels and door trims

Together with designer Miika Heikkinen, Covestro’s Coatings & Adhesives and Engineering Plastics segments have developed a door panel concept with new material solutions. The prototype contains a waterborne coating with innovative Insqin technology in combination with an adhesive based on a Dispercoll U 66 dispersion – two waterborne polyurethane (PU) solutions with low levels of volatile organic components (VOCs). Specially developed to provide cost-effective and sustainable applications for future automotive interior requirements, they provide translucent appearance, coating adhesion and deep color effects in door panels. As a vegan solution, the lower CO2 emissions and reduced energy consumption of Insqin can reduce the overall CO2 footprint of plastics by up to 45 percent while providing virtually odor-free indoor air quality. The carbon footprint can be further improved by using an Impranil CQ DLU PU dispersion, which consists of approximately 35 percent renewable carbon by weight. In addition, the application also includes a partially biobased water-based soft-touch coating with up to 33 percent renewable carbon in the final formulation.

Lighting and heating integrated into the sunroof

Panoramic sunroofs and moonroofs are very popular in modern vehicles. Covestro, in collaboration with Loomia, has developed a roll-up sunroof shade concept that combines the sun-reflecting properties of Platilon TPU film during daylight hours with integrated fabric circuits for lighting and heating at night and in cold weather. To help passengers get the most out of the interior, we bonded the textile surface and electronics layer using our thin and flexible Platilon polyurethane film. It is tough enough to withstand repeated rolling without compromising performance.

Makrolon and Makrofol films for smart surfaces

Covestro and TactoTek have teamed up again to showcase the endless, more sustainable design possibilities of IMSE technology: Together, they developed demonstrators that showcase functional electronics while integrating control surfaces, computers and displays. The final design consists of a Raspberry Pi computer, an OLED display, all necessary circuitry and electronic components, and inks for coloring and decorating – all embedded in a Makrolon resin between two layers of Makrofol film. With this, we are showcasing powerful new material solutions for consumer electronics with a mono-material design where the plastic can be recovered at will and converted into new raw materials.

www.covestro.com

 

 

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