BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the U.S. Further information at www.basf.com. Despite this and due to the fact that diamond wire production in the solar industry has become a commodity business over the cycle, DMT has bot been able to develop the diamond wire production into a profitable business unit.". In 2020, the Performance Materials division achieved global sales of 5.63 bn. The application of diamond wire for slicing valuable silicon into thin solar wafers complements today's widely used slicing technology using slurry, according to Meyer Burger. A Swiss technology company will shut down its Diamond Material Tech Inc. unit in Colorado Springs and lay off the company's remaining 72 employees. Elastollan, which helps extend the shelf life of the protective covering in diamond wire technology, is consequently a more sustainable option. Elastollan is already used in other heavy-duty applications such as elevator wires and electric vehicle charging cables. Diamond wire technology is available as single or multi-wire, depending on the cutting task required. More information online: www.plastics.basf.com. Globally active in four major industry sectors transportation, construction, industrial applications and consumer goods the division has a strong portfolio of products and services combined with deep understanding of application-oriented system solutions. The latest breaking news, delivered straight to your email! : DE 815559821HRA 706167 D-U-N-S: 313419174 EORI: DE417314147281349, Terms and Conditions | Legal notice | Data protection | Cookie Settings. SOURCES: Meyer Burger Technology Ltd., Diamond Wire Technology. The protective covering protects the wire between the segments from wear and tear caused by abrasion and heat. The acquisition price was not disclosed. Les Iles - 181 Route des SarvesF 74370 EPAGNY METZ-TESSY, Address : Thermocompact - CS 70021 - 74371 PRINGY cedex France, Thermo Technology Group develops and manufactures innovative diamond abrasive wires, and diamond wire saws, providing the best cutting quality and surface integrity for hi-tech technologies, THERMAL & THERMO-CHEMICAL TREATMENTS OF METALS. In 2020, the Performance Materials division achieved global sales of 5.63 bn. Demand for the diamond wire technology is rising due to its ability to offer enhanced surface finish and high precision. 
"The decision to discontinue this business activity of DMT has not been an easy one," Meyer Berger CEO Hans Brndle said in a March 1 news release. In order to further improve our offer and our website, we collect anonymised data for statistics and analyzes. Owing to its outstanding abrasion resistance, coupled with excellent mechanical strength and flexibility, as well as its strong chemical resistance, Elastollan helps extend the life of charging cables and ensures a stable, safe power flow in electric vehicles. "The company has executed se3veral cost optimizations, capacity adjustments and restructuring measures since 2012. The shutdown comes after Meyer Berger boosted sales last year by 40 percent to $448.7 million and reversed operating losses that totaled $55.4 million in 2015 to a $10.4 million profit las year. 
BASFs Performance Materials division encompasses the entire materials know-how of BASF regarding innovative, customized plastics under one roof. Please note that based on your settings, not all functionalities of the site may be available. Meyer Berger said the layoffs and other writedowns associated with the shutdown on inventory, technology and manufacturing equipment will cost it $11.9 million. Key drivers of profitability and growth are our close collaboration with customers and a clear focus on solutions. Diamond Materials had boosted its local workforce to more than 350 people in 2014 after parent company Meyer Berger Technology Ltd. landed a contract with GT Advanced Technologies for diamond wire that would have been used to cut synthetic sapphire glass screens for Apple Inc. Additionally, the specialized Elastollan grade offers an optimum balance between mechanical and hydrolysis resistance, which is particularly beneficial where water jets are used to reduce frictional heat or wash away debris from sawing.. For more information, please see our privacy policy. The global Diamond Wire market is valued at 1.3 billion USD in 2020 is expected to reach 14 billion USD by the end of 2026, growing at a CAGR of 40.0% during 2021-2026. The cutting process with diamond wire saws offers several advantages over conventional cutting processes. Diamond Wire makes industrial diamond wire saws mostly used by the solar power industry. Colorado Springs diamond wire cutting business shutting down, laying off 72, Denver Nuggets rookie Collin Gillespie suffers offseason injury, Tracking players from Air Force, Colorado and Colorado State in NFL training camps, GUEST COLUMN: Corruption of healthcare comes to Colorado Springs, GUEST COLUMN: Connections are important for Colorado seniors' health, PIKES PICK: A special deal to plan your own Philharmonic season, Year-Round Gardening: Celebrate fruits of your labor so far, then tackle August gardening chores, Family with 3 Margaritas connection opens new Mexican restaurant in Colorado Springs, Colorado Springs-based ceramic artist inspired by colors and flowers, Fentanyl family: Colorado's deadly overdose siege had mom and pop roots, SPECIAL REPORT | Tipping Point: The Colorado River in peril, Sign up for our newsletters and get news that matters sent to your inbox, Colorado Springs workforce panel discusses future in hospitality industry, social impact businesses, Russell Wilson and Ciara's House of LR&C opens in Park Meadows, Colorado Springs Airport load factor up 3.9% in June from year earlier. Key drivers of profitability and growth are our close collaboration with customers and a clear focus on solutions. "But it is an important and necessary step on our path to quickly and sustainably secure the successful and long-term future of the company.". With the help of these cookies we can, for example, determine the number of visitors and the effect of certain pages on our website and optimize our content. Diamond Materials Tech "has been facing a continuing global pressure on prices and margins for diamond wire volume production for some time," Meyer Berger said the release. There was a problem saving your notification. Image via Google Maps. We use cookies to provide you with the best website experience. BASFs Performance Materials division encompasses the entire materials know-how of BASF regarding innovative, customized plastics under one roof. This page has since been removed from our website. About BASF At BASF, we create chemistry for a sustainable future. (, By using the ENF website without adjusting your cookies settings, you agree to our use of cookies as described in our, 3505 N. Stone Ave., 80907 Colorado Springs. In the semiconductor industry, the diamond wire technology - which can cut more accurately than other traditional methods - enables thinner wafers. See our blog posts about this - above. These include cookies that are necessary for the operation of the site and to manage our commercial business objectives, as well as those that are used only for anonymous statistical purposes, for convenience settings or to display personalized content. Meyer Burger Acquires Diamond Wire Technology, TurningPoint Targets Illinois Market for Community Solar Development, LyondellBasell Signs PPA with Buckeye Partners for 165 MW of Solar, New LionESS Technology Enables Storage of Generated Solar, Wind Energy, Dominion Begins Operations on Largest Battery Storage Pilot Project in Virginia, Duke Energy Renewables Buys Six N.C. We are excited to enable the development of the diamond wire technology with our Elastollan protective covering, as well as contribute to the sustainable growth of the dynamic industries, such as the renewable energy photovoltaic industry.. From raw materials straight through to end-user applications, we capture and analyze the critical details that help professionals stay current and navigate the solar market. About BASFs Performance Materials division. Mumbai, India October 8, 2021 BASFs Elastollan thermoplastic polyurethane (TPU) is now used as a more durable protective covering in diamond wire technology to cut hard materials such as granite and marble. HWA, Hi-Tech Wires Asia Co. Ltd 46 route n 6, VSIP 1, Thuan An, contact@hitechwiresasia.com Tel +84 (0) 650 3769 131, poste 103, Z.I. Market launch of the multi wire saw DW 291, specifically designed for the volume production of silicon wafer for the photovoltaic industry, Market launch of multi wire saw DW 288 Series 3, Market launch of multi wire saw DW 288, the first dedicated multi wire saw for diamond wire technology, Market launch of the multi wire saw DS 265, which was used with slurry and diamond wire, Foundation of subsidiaries in China and Japan, positioning in the Asian markets, Market launch of inner diameter saw TS 207, Market launch of the first multi wire saw DS 260, Development of a saw, based on wire technology, Market launch of the first inner diameter saw TS 23 with higly precise air bearing, Development of inner diameter saw and start of cutting of silicon wafers for the semiconductor industry, Market launch of the first annular saw TS 3. Developer Plans Massive Rooftop Solar Project In L.A. Fort Bragg Installs Large Floating Solar Power Plant with Ameresco, Supply Chain Issues Caused New-Build Solar Costs to Jump 14 Percent Since 2021, Doral Closes Financing for 400 MW Mammoth North Solar Project in Indiana, Green Power Places Order with Siemens Gamesa for 112 MW Offshore Wind Farm, DOE Awards First ATVM Loan in Over 10 Years to Syrah Technologies. We combine economic success with environmental protection and social responsibility. However, GTAT filed for bankruptcy protection a few months later amid difficulty in getting its plant to make the glass, triggering a series of layoffs totaling nearly 200 in late 2014 and early 2015. The wafering division of Meyer Burgeris sold to the Precision Surfacing Solutions group. For example if our researchers find the previous website is no longer accessible and no-one responds to their emails, they may assume the company has closed and remove it from the directory. Consider disabling ad blocking on this website. By using our services, you agree to our use of cookies. Cookies help us deliver our services. Our diamond wire saws are primarily used in industrial laboratories and engineering offices as well as in institutes and universities. If you are the owner of a removed company and you feel ENF made a mistake, please contact the industry directory manager at: support@enfsolar.com. ENF Solar is a definitive directory of solar companies and products. A Swiss technology company will shut down its Diamond Material Tech Inc. unit in Colorado Springs and lay off the company's remaining 72 employees, citing continuing losses from the diamond-wire cutting operation and continuing pressure on prices and profit margins. Solar Projects, Net Metering In New York: An Important Discussion Begins. Diamond WireTec GmbH & Co.KGSdliche Bergstrae 1469469 WeinheimGermany, USt.-ID-Nr. BASF generated sales of 59 billion in 2020. Elastollan, applied by injection molding, is particularly effective in keeping the segments in place, by effectively filling in the gap between the core wire surface and the inner diameter of the segments. "Almost every page on ENF has only one very targeted advert. Learn more, A cut above the rest Diamond wire technology made with BASFs Elastollan TPU protective covering. The two companies had been operating under a market and development cooperation since 2003. Email notifications are only sent once a day, and only if there are new matching items. Thanks to the global approach to the needs of its customers, and to the technical and operational knowledge of its expert teams, IWT serves the world's leading high tech industries, and support them in a long term in the achievement of their goals : Applying its founding values : EXPERTISE, INNOVATION, SUPPORT, IWT is a true partner for its customers in the long term, delivering personalized solutions and advices, and offering them the benefit of its latest technological innovations. Meyer Burger expects the transaction to be completed in September. Our portfolio is organized into six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. Solar Industry offers industry participants probing, comprehensive assessments of the technology, tools and trends that are driving this dynamic energy sector. Meyer Burger Technology Ltd., a provider of systems and processes for cutting and handling crystalline silicon and other materials, has acquired 100% of Diamond Wire Technologies (DWT), a Colorado Springs, Colo.-headquartered developer and producer of diamond wire and diamond wire saws. Globally active in four major industry sectors transportation, construction, industrial applications and consumer goods the division has a strong portfolio of products and services combined with deep understanding of application-oriented system solutions. Machines with multi-wires can contain up to 90 sets of wires in one run. Cookie Settings, Precision Surfacing Solutions family of brands, What is recutting of the wire guide rolls, the saw from which the greatest number were produced.
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