4 Million Euro Investment in EconCore’s ThermHex Technology

Finindus, Gemma Frisius Fonds K.U. Leuven, Allegro Investment Fund, KBC Arkiv and a number of private investors have together invested more than 4 million euros in SteelThermHex, a young Flemish enterprise specialised in the production of sandwich panels with EconCore honeycomb core that weigh far less than traditional structures.

SteelThermHex is a joint venture set up in 2006 by EconCore NV and OCAS, the research center of the world's number one steel company ArcelorMittal. The intensive co-operation between the two companies has led to the development of a new material with the thermoplastic honeycomb core ThermHex and steel skins. The new material is exceptionally stiff and strong enough to be used for furniture, construction or transport panels, but weighs far less than traditional materials.