Explore the words cloud of the MAGIT project. It provides you a very rough idea of what is the project "MAGIT" about.
The following table provides information about the project.
TIK - TECHNOLOGIE IN KUNSTSTOFF GMBH
|Coordinator Country||Germany [DE]|
|Total cost||71˙429 €|
|EC max contribution||50˙000 € (70%)|
1. H2020-EU.3. (PRIORITY 'Societal challenges)
2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs)
3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies)
|Duration (year-month-day)||from 2018-05-01 to 2018-07-31|
Take a look of project's partnership.
|1||TIK - TECHNOLOGIE IN KUNSTSTOFF GMBH||DE (TENINGEN)||coordinator||50˙000.00|
TiK – Technologie in Kunststoff GmbH (TiK) was founded in 2004. The company is Europe-wide and especially in the automotive sector known as specialist for plastic injection moulding and the use of gas injection technology. In recent years, the company developed to one of the most innovative companies in product and process development for plastic components. The European automotive industry is faced with wide-ranging challenges in the common years. Especially electric mobility, lightweight design and intelligent use of materials is essential for current and future car development. In modern cars, many components are already produced in die casting, which is the most promising technology regarding cost-effective large-scale production. To extend the application possibilities of this technology, TiK developed a new and disrupting process, which enables the use of gas injection in aluminium or magnesium high pressure die casting and the production of components with hollow structures. Through this, significant cost savings can be achieved by the elimination of upstream and downstream manufacturing processes and weight can be reduced drastically by using lighter materials, but also new constructional possibilities for complex, hollow and thin-walled components with a load-adjusted design. By MAGIT, fluid-transporting components can be realized. These can be used for cooling of power electronics or temperature controlling of vehicle batteries. The new technology primarily addresses the European die casting industry for non-ferrous metals, which is a continuously growing market with an expect CAGR of 3.8% in the common years. Besides the gas injection system, which will be direct sold by TiK, further system- and customer-specific services will be offered by the company. By the innovative technology, TiK expects to generate additional cumulative turnover of 20 million € and an increase in staff headcount of 23 in 2023.
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The information about "MAGIT" are provided by the European Opendata Portal: CORDIS opendata.
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