Armacell acquires full ownership of Armacell JIOS Aerogels Limited from JIOS Aerogel.
Armacell has acquired full ownership of Armacell JIOS Aerogels Limited from JIOS Aerogel, ending a successful joint venture formed in 2016. AJA, based in South Korea, specializes in silica aerogel production, with a capacity exceeding 700 tonnes annually. This acquisition allows Armacell to enhance its aerogel operations, while JIOS will shift its focus to developing aerogel solutions for electric vehicle batteries.
September 02, 2024
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