Evonik, Forward Engineering establish JV for automotive fiber composite components

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New Product Development

Evonik to hold 49% stake in JV, Forward Engineering to hold 51%

Germany-based specialty chemicals company Evonik Industries and automotive engineering company Forward Engineering have established a joint venture, Vestaro, to develop fiber composite components for the automotive industry, Evonik said in a press release earlier this week (8 March).

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