Solvay buy Ryton PPS business Chevron Phillips

Solvay to buy Ryton PPS business of Chevron Phillips

11:33 AM, 4th September 2014
Solvay to buy Ryton PPS business of Chevron Phillips

BRUSSELS, BELGIUM: Solvay has signed an agreement to buy the Ryton PPS (polyphenylene sulphide) business from US-based petrochemical company Chevron Phillips Chemical Company for $220 million, expanding its offering of high-performance polymers and entering a solid growth market.

Solvay Specialty Polymers, which has the industry’s broadest product portfolio, will gain access to new business segments and customers and broaden its offer in many innovative and demanding applications. Ryton PPS has a strong share in the automotive sector, replacing metal parts to make cars lighter and more energy efficient. Other worldwide leading positions are in electronics where it enhances fire resistance of components, and in filter bags to extend their lifetime in reducing pollution at coal-fired power stations.

The Group will buy from Chevron Phillips Chemical two Ryton PPS resin manufacturing units in Borger, Texas, its pilot plant along with R&D laboratories in Bartlesville, Oklahoma, and a compounding plant in Kallo-Beveren, Belgium. Chevron Philips Chemical’s compounding unit in La Porte, Texas, will provide temporary tolling services to Solvay.

“Ryton PPS fits neatly with our unique specialty polymers portfolio and reinforces our unrivalled capabilities to provide solutions to our customers in dynamic innovative end-markets,” said Augusto Di Donfrancesco, President, Solvay Specialty Polymers.

 

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