Singapore, September 18, 2017 – ANF Technology Ltd., producers of NAFEN™, the first ever superior-grade aluminum oxide nano fiber to be manufactured at commercially viable, industrial volumes, is pleased to announce the Joint Venture Agreement with Fortrec Capital Pte. Ltd., a leading trading firm and expert in the petrochemical and specialty chemicals market in the ASEAN region. The Joint Venture company, which will be established in Singapore, will be tasked with building a manufacturing facility for the production of ANF Technology’s core product (NAFEN™ alumina nanofibers) in Singapore, as well as expanding the sale of NAFEN™ throughout the ASEAN region.
“We are looking forward to bringing NAFEN™ production to Singapore. Our partnership will open new markets for Nano Aluminum oxide Fibers and give ANF and Fortrec the necessary presence to be at the forefront of the chemicals industry.” said CEO of Fortrec, Ajay Bhattacharya.
Roman Gertcev, CEO for ANF Technology stated, “The Joint Venture partnership is a significant step forward in our global outreach to potential customers for NAFEN™. We strongly believe in utilizing expertise where it can be found, and Fortrec has a strong and convincing team of experts in the fields of specialty chemicals and advanced materials. We have strong convictions that this level of cooperation will bring NAFEN™ to the next level of growth we have been striving for.”
The Joint Venture team will be presenting NAFEN™ at TechInnovation, which is held at the Marina Bay Sands Expo and Convention Center from 19th to 20th September 2017. More than 3,000 delegates from 43 countries are expected to attend the annual event. The team will be showcasing how NAFEN™ has helped meet the key challenges facing advanced materials companies in today’s marketplace, as well as introducing the JV partner team to potential industry buyers attending the event.
According to Tim Ferland, ANF Technology’s Commercial Director, “NAFEN™ is a breakthrough development in materials science. As a component of composite bonding systems it is capable of improving critical performance factors in existing materials, as well as opening the door to further innovation. In NAFEN™ modified polymer matrix composites (PMC) we have seen significant increases in compression strength, interlaminar shear strength, tensile strength, flexural strength and impact toughness. NAFEN™ fibres improve the performance of materials in other important applications as well, like high-performance adhesives, protective coatings, catalysts and even cements.”
NAFEN™ is available as a dry fiber or predispersed in resins or solvents used as a base by formulators of resin systems for composites, coatings or adhesives. The target industries for sale of NAFEN™ include Aerospace, Automotive, Electronics, Wind Energy, Sports Equipment, Protective/Armor Materials, Construction, Oil & Gas and Marine.
For further information contact:
ANF Technology Limited: Fortrec Petroleum & Chemicals:
Tim Ferland (Commercial Director) Alec Shapiro (VP Business Development)
Tel: +372 5345 6955 Tel: +65 9738 5225
Email: email@example.com Email: firstname.lastname@example.org
ANF Technology Limited is a limited liability corporation registered in the United Kingdom, with production and R&D facilities located in Tallinn, Estonia. ANF Technology is the developer and producer of NAFEN™, a unique nano form of pure aluminium oxide.
Fortrec Capital Pte. Ltd., is a registered company existing and operating under the laws of Singapore. Fortrec is engaged in the global supply and marketing of petrochemicals and petroleum products and has established a successful joint venture with the largest solvent producer in China, as well as possessing an international network of partners for products placement.
NAFEN™ is the trademark name for ANF Technology’s superior-grade Aluminium Oxide Nano fibers.