ALBIS PLASTIC GmbH will take over WIPAG Group, specialists in processing and production of carbon fiber compounds for injection-moulding, with sites in Neuburg (Donau), and Gardelegen (both in Germany).
Peter Wiedemann, founder, and CEO of WIPAG Group, said, “In ALBIS PLASTIC, we have found a partner for whom innovation and sustainability are equally as important as they are to us. This move will ensure the further development of our ecofriendly technologies and our company.”
ALBIS, the Hamburg distributor and compounder of technical thermoplastics, has demonstrated its interest into recycling business by the acquisition of WIPAG. ALBIS, henceforth, will offer polypropylene and polyamide Carbon fiber filled compounds, which offer excellent mechanical properties and low density. With PPCF compounds a significant weight and cost advantage compared with highly-filled, glass fiber reinforced PA types can be achieved, providing the potential for exploitation of light-weighting requirements.
“In WIPAG, the ALBIS Group has gained a company which, on the one hand, has cutting-edge and forward-looking CFRP technology and, on the other, has years of experience in the closed-loop recycling business,” says Philip O. Krahn, CEO of ALBIS PLASTIC.
Bernd Sparenberg, Vice President Technical Compounds at ALBIS, commented, “These open-loop activities provide an excellent platform for our ALTECH® ECO PP compounds and expand our range of high-quality Near-to-Prime® Recycling Compounds, which are already used in numerous applications for the automotive industry.”
ALBIS PLASTIC, one of the leading globally operating companies in the distribution and compounding of technical thermoplastics and thermoplastic elastomers, offers the plastic processing industry a diverse product range of high-performance plastics, compound solutions, and masterbatches. The company has 23 foreign subsidiaries and is strongly represented in Europe with a growing presence in North Africa, the Far East, and America.