PAO Severstal, one of the world’s largest vertically integrated steel and mining companies, announces that it has invested in Dutch company Airborne, a global leader in developing digital automation platforms for the production of composite parts, and products with integrated composites.
Severstal joins other investors in this investment round, including Pangaea Ventures, the leading advanced materials venture capital fund, and SABIC, the world’s third largest diversified chemical company.
Airborne has developed and brought to market a unique set of digital technologies that increase the efficiency of carbon fiber composite production by automating the
production process. The company is in the process of commercialising the automated production cells and software. At its facilities in the Netherlands and the UK,
Airborne manufactures composite products for a broad range of sectors including the automotive, construction, shipbuilding, aerospace, electronics and wind power industries.
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01 February 2020
