Avient
(Source: Pexels)
The provider of specialized and sustainable material solutions, Avient Corp., has completed its purchase of the protective materials business of Royal DSM NV, Heerlen/Netherlands, including the Dyneema brand. This segment will now be called Avient Protective Materials and reported within the company's Specialty Engineered Materials segment.
The foundation of Avient Protective Materials is the renowned technology and globally admired brand of Dyneema. The ultra-high molecular weight polyethylene (UHMWPE) specialty fiber is 15 times stronger than steel and is used in demanding applications such as ballistic personal protection, marine and sustainable infrastructure, renewable energy, industrial protection and outdoor sports. Estimated sales and EBITDA for the Dyneema business in 2022 are approx. $415 million and $130 million, respectively. The business includes 6 production facilities, 4 R&D centers and approx. 1,000 employees located around the world.
The composites platform of the Avient Corp., Avon Lake, OH/USA, with the Dyneema business will represent over 50% of the company's Specialty Engineered Materials segment sales.
The foundation of Avient Protective Materials is the renowned technology and globally admired brand of Dyneema. The ultra-high molecular weight polyethylene (UHMWPE) specialty fiber is 15 times stronger than steel and is used in demanding applications such as ballistic personal protection, marine and sustainable infrastructure, renewable energy, industrial protection and outdoor sports. Estimated sales and EBITDA for the Dyneema business in 2022 are approx. $415 million and $130 million, respectively. The business includes 6 production facilities, 4 R&D centers and approx. 1,000 employees located around the world.
The composites platform of the Avient Corp., Avon Lake, OH/USA, with the Dyneema business will represent over 50% of the company's Specialty Engineered Materials segment sales.
