In the area of aerospace, there is a rapid growth for high performance composites
in demanding applications such as engines, hot areas of the aircrafts, rockets and launch vehicles. Due to its superior properties over metal and metal alloys of: weight to strength ratio, heat-resistance and durability, Kaneka
sees high growth potential in this sub-segment compared to the general structural composites
market. “We anticipate this sub-segment to grow more than 10 percent annually within the next 10 years or exceed $ 2 billion in market value,” said Kaneka
Established in 1992, API possesses formulated advanced resin
technology used in high performance composites.
API has been a strategic supplier of high performance composites
to OEMs and their subcontractors. Kaneka
currently also supplies high performance materials such as polyimide films (Apical) and resin
modifiers (Kane Ace MX) to the same key end customers. Kaneka
sees the acquisition of API as a way of achieving an accelerated synergistic growth through the integration of advanced core technologies from both companies.
After the acquisition of API, Kaneka
will continue to seek M&A and partnership opportunities to further strengthen growth, sales and market position of high performance composites
in the area of aerospace.
By 2025, Kaneka
aims to achieve more than $ 200 million in sales. Growth will be achieved by fully utilising and uniting Kaneka
global resources in corporate research, product research, and product development; located in institutes and research centres throughout Japan and North America.