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severstal

Severstal expands automation capabilities with second investment in Airborne

June 1, 2020 by Sam Francis

PAO Severstal, one of the world’s largest vertically integrated steel and mining companies, has led a second tranche of investment into Dutch company Airborne, a developer of digital automation platforms for the production of composite parts and products with integrated composites.

The total investment in Airborne has already amounted to “several tens of millions of dollars”, says Severstal.

In spite of the crisis caused by the coronavirus pandemic, which has led to many venture projects on the global market being placed on hold, Severstal led the new investment in Airborne with support of existing shareholders including HPE Growth. [Read more…] about Severstal expands automation capabilities with second investment in Airborne

Filed Under: Manufacturing, News Tagged With: agreement, airborne, automated, automation, composite, including, investment, launch, led, market, production, projects, russia, severstal, technologies

Severstal invests in robotics to automate advanced composites manufacturing with Airborne

January 21, 2020 by David Edwards

Severstal, one of the world’s largest vertically integrated steel and mining companies, has invested in Dutch company Airborne, a developer of robotic and 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. [Read more…] about Severstal invests in robotics to automate advanced composites manufacturing with Airborne

Filed Under: Manufacturing, News Tagged With: advanced, airborne, automation, company, composite, composites, deal, development, including, industry, integrated, investment, manufacturing, market, materials, metals, offer, potential, process, production, products, severstal, solutions, steel, unique, venture, ventures, working

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