A Schulman Inc signed strategic partnership agreement with INITZ

A Schulman, INITZ to commercialise polyphenylene sulfide compounds

11:25 AM, 16th October 2014
A Schulman Inc signed strategic partnership agreement with INITZ

AKRON, US: A Schulman Inc, a leading international supplier of high-performance plastic compounds, powders and resins, has signed an agreement and a strategic partnership with the South Korean polymer producer INITZ for the compounding and marketing of INITZ Co, Ltd’s ECOTRAN Polyphenylene Sulfide (PPS) compounds. A Schulman will be producing, selling and distributing the ECOTRAN compounds in Europe, the Middle East, Africa and the Americas. INITZ Co Ltd is a joint venture of SK Chemicals Co Ltd Korea (66 per cent of the shares) and Teijin Limited, Japan, (remaining 34 per cent of the shares).

“The combination of INITZ’s know-how and A Schulman’s state-of-the-art global manufacturing capabilities and application development will support our customers in markets such as automotive, electronics, industrial, filtration and coatings to meet and exceed their halogen-free industry standards. Unlike other conventional PPS, ECOTRAN will enable them to differentiate their product offering and further strengthen their market position,” said Bernard Rzepka, COO and Executive Vice President, A Schulman.

Related News - A Schulman acquires Perrite for $52 million

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