-
Categories
-
Pharmaceutical Intermediates
-
Active Pharmaceutical Ingredients
-
Food Additives
- Industrial Coatings
- Agrochemicals
- Dyes and Pigments
- Surfactant
- Flavors and Fragrances
- Chemical Reagents
- Catalyst and Auxiliary
- Natural Products
- Inorganic Chemistry
-
Organic Chemistry
-
Biochemical Engineering
- Analytical Chemistry
-
Cosmetic Ingredient
- Water Treatment Chemical
-
Pharmaceutical Intermediates
Promotion
ECHEMI Mall
Wholesale
Weekly Price
Exhibition
News
-
Trade Service
On October 25, 2020, AOC, a U.S.-based global resin supplier, reached an agreement with Czech company Spolchemie and its second-largest shareholder, Kaprain Investment Group, to acquire
's unsaturated polyester resin (UPR) manufacturing business in Usti, on the banks of the
Rabe River.
acquisition will enable AOC to play an important role in consolidating our market position in Central and Eastern Europe and Germany. It allows us to ensure continued competitiveness in the region," said AOL CEO Jokiwe Jonas Sally
.
will also make it possible to produce new products, such as recycled polyester-based products for customers across Europe, the company added.
upR plant in Spolchemie has been under contract for many years to produce resins for AOC and has unique capabilities in the production of recycled polyester-based green resins, and the business transfer is expected to take effect as soon as possible in the current quarter.
, chief executive of Kaprain Investment, said the deal would allow Spolchemie to focus more on the core business of
chlorinated hydrocarbons and epoxy
.
October 2, AOC also closed its $100 million acquisition of Ashland's Malay acid business and manufacturing facility in Neal, West Virginia. AOC plans to use part of the acquisition for its internal consumption (producing unsaturated fatty acids) and will sell some of the quantities on the commercial market.
