Polynt announces strategic integration initiative in Americas

Polynt announces strategic integration initiative in Americas

7:19 AM, 20th September 2019
Polynt logo

CARPENTERSVILLE, US: Polynt-Reichhold Group has decided to expand the successful integrated business model it employs in Europe and Asia to its operations in the Americas by investing in local production of Maleic and Phthalic Anhydride intermediates.

Polynt is a global leader in composite materials, intermediate chemicals, coating resins, thermosetting composites, gel coats, and niche chemical specialties.

“With the successful merger of the worldwide composites activities of Polynt and Reichhold, we can now take the next step to strengthen our competitive position in the Americas and will purchase capacity or build Maleic and Phthalic plants with total combined capacity above 100 KT/y. Integrating intermediates and resin production has allowed the Group to gain a leadership position in the European composites business,” said Rosario Valido, Group President and CEO, Polynt.

“This new opportunity allows the Group to leverage our proprietary technologies and deep experience operating intermediates facilities in Europe and Asia. We are well positioned to transfer these strategic capabilities to the Americas to supply the basic raw materials of Maleic and Phthalic to serve our 18 composites manufacturing sites in the region,” added Valido.

© Worldofchemicals News

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


HMG Paints launch commercial vehicle topcoat, Acrythane 4G

MANCHESTER, UK: HMG Paints Ltd, the UK’s largest Independent paint manufacturer, has launched a revolutionary, one visit application, commercial ...

Read more
Hempel launches new coating for superior protection against corrosion

HOUSTON, US: Hempel announced the launch of Hempatop Direct 460 in North America. Developed to provide superior protection against corrosion ...

Read more
Eni starts gas production of Baltim South West field offshore Egypt

ROME, ITALY: Eni SpA has successfully started-up production from the offshore Baltim South West gas field in Egypt. Discovered by Eni in June 2016, th ...

Read more
Laurus Labs to acquire the Aspen Pharmacare subsidiary in South Africa

HYDERABAD, INDIA: Laurus Labs has agreed to acquire 100 percent shares of Phekolong Pharmaceuticals Pty Ltd, a wholly owned subsidiary company of Phar ...

Read more
Azelis extends distribution agreement with BASF in US

CINCINNATI, US: Azelis Americas CASE LLC has entered an agreement to expand its territory with BASF’s Intermediates product line. Effective Octo ...

Read more
Air Liquide invests $270 mn in new ASUs to supply Methanex Corporation

PARIS, FRANCE: Air Liquide to supply oxygen, nitrogen and utilities to Methanex Corporation’s upcoming methanol plant expansion project in Geism ...

Read more
www.worldofchemicals.com uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X