History
2014
Foundation of Aritec Holding AG in Switzerland.
2017
After two years initial testings in Switzerland, a 100% owned subsidiary Aritec New Materials Ltd (Asia) was established with a registered and paid-in capital of 550 Million CNY (about 72 Million Euro); Kick-off of Aritec New Materials (China) factory installation.
Transfer of the industrial Know-How from Aritec holding AG to Aritec New Materials Ltd., and subsequently very substantial and intensive R&D with the help of Supercomputing and Artificial Intelligence to achieve optimal chemical formulation and production for different synthetic materials.
2018
In October, commissioning of the factory in Wuhan.
In December, the aramid rope manufactured in the Wuhan factory passed the Chinese National Elevator Inspection test for passenger-elevator use.
2019
Foundation of the Aritec New Materials Group AG in Switzerland acting as operational head quarters for the group.
2020
Again with the help of AI and supercomputing, we aimed to achieve full industrialisation within 2 years instead of decades.
Approved an additional and separate investment of 28 Million Euro for buildings alone, which have 80 000 square meters factory and 10 000 square meters offices in Dalian, China, financed without any external debt. This base will serve later for the local booming off-shore energy market.
2021
In June, the first batch of PU reinforcement cords delivered to customers from our factory for field testing.
In October, starting local pilot commercialisation.
In December, full industrialisation and Total Quality control system established. ISO 9001 and other international quality certifications are obtained.
2022
In January, kicking-off EU and Global commercialisation.
From June, Aritec has been delivering serial and recurrent orders to at least four global belt makers.
In December, two additional state-of-the art and in-house designed and built production lines are installed, including one for the top quality Short fibre production.
2023
In March, Aritec reached the milestone of 10 million meters cords and ropes industrially produced in our own factory. For all Aritec products delivered to 40 plus European and global serial customers, we have zero quality complaints since our start. Our strict quality-in, quality-out process is the cornerstone which ensures our continuous, flawless production.
In May, Aritec adds another Global 500 as one of our serial customers. Aritec team is proud that our products serve as critical components in some of the key infrastructure projects across the world.
In June, as planned, Aritec has passed with success and margin, all TÜV (German) tests for European passenger elevator norm, we are the only company to meet the standard with synthetic cords, in addition, our product outperforms significantly the existing products, in some key areas, such as durability (18 million bending vs 10 million), performance (80mm D/d ration), total system costs, etc.