Densit & Vestech Sign MoU

16/11/2018

The ITW brand Densit® has signed a Memorandum of Understanding with the Taiwanese company Vestech to jointly contribute to the development of offshore wind energy in Taiwan.

Vestech is highly experienced in sustainable energy solutions and have been part of many wind power construction projects. Densit and Vestech have been working together for many years on wear and abrasion solutions in Taiwan and the MoU is a natural next step in an already strong working relationship.

The MoU is the first step to combining Densit’s many years of experience in the European offshore wind industry and Vestech’s extensive experience with sustainable energy projects in and around Taiwan. Together, the two companies aim to become a strong partner for offshore wind projects in Taiwan and to help accomplish the country’s ambitious target of reaching 5.5GW in offshore wind by 2025.

The MoU is just the first step of our future collaboration with Vestech and efforts in the Taiwanese wind sector. We will look to creating a local content plan together with Vestech and expand our hard work here in TaiwanSarah Hobson, Offshore sales manager ITW Performance Polymers said at the MoU signing.

About Densit

Densit is a brand of ITW Performance Polymers. Densit, a pioneer in grouting offshore and onshore foundations, was acquired by ITW in 2007. Densit cementitious products are widely used in grouting foundations in a number of industries including wind and oil & gas as well as to provide wear protection in industrial applications.

About ITW Performance Polymers

ITW Performance Polymers, part of ITW, is a world leader in the research, development and manufacture of grouting and chocking compounds, structural and semi-structural adhesives, sprayable syntactic materials and wear-resistant coatings and repair compounds. These solutions are widely used in a number of markets including wind, transportation, marine, electronics, mining, petrochemical and other industrial OEM & MRO applications.

About ITW

ITW (NYSE: ITW) is a Fortune 200 global multi-industrial manufacturing leader with revenues totaling $14.3 billion in 2017. The company’s seven industry-leading segments leverage the unique ITW Business Model to drive solid growth with best-in-class margins and returns in markets where highly innovative, customer-focused solutions are required. ITW has approximately 50,000 dedicated colleagues in operations around the world who thrive in the company’s unique, decentralized and entrepreneurial culture.