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    Home > Chemicals Industry > China Chemical > There is a big move in the New Year!

    There is a big move in the New Year!

    • Last Update: 2021-12-14
    • Source: Internet
    • Author: User
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    [ Star Enterprise of Chemical Machinery and Equipment Network ] At the end of 2020, Plastic Machinery Network reviewed the business adjustments and corporate acquisitions of many chemical and rubber and plastic companies in the past year.
    In the *week of 2021, many companies have made major moves to actively expand production and investment and further open up the market.

     
    Chemical machinery equipment network star enterprise chemical machinery equipment plastic machinery
    Ascend Acquires Eurostar Engineering Plastics
     
    Ascend Acquires Eurostar Engineering Plastics

    On January 5, Ascend Functional Materials announced the successful acquisition of Eurostar Engineering Plastics, a French engineering plastics manufacturer that produces a wide range of flame-retardant engineering plastics and possesses expertise in halogen-free plastics.

     

    This is the third acquisition completed by Ascend in less than a year, further expanding the company's range of high-performance plastic products.
    Last year, Ascend acquired Poliblend and Esseti Plast in Italy, as well as a modified engineering plastics factory in China.

     

    Ascend is a large-scale integrated PA66 product series manufacturer.
    With this acquisition, the company will obtain a more complete high-performance engineering plastic product portfolio, especially UL certified flame retardant specifications, water contact, thermal conductivity, high temperature resistance specifications, etc.
    These materials will play an important role in the fields of new energy vehicles, smart devices, industrial automation and consumer electronics.

     

      Ineos completes acquisition of BP aromatics and acetyl business
     
      Ineos completes acquisition of BP aromatics and acetyl business

      In January January, Ineos announced that it had completed the acquisition of BP's aromatics and acetyl business for US$5 billion.
    This acquisition expands Ineos' business scope and geographic location.
    These businesses will be called Ineos Acetyl and Ineos Aromatics.
    The acquisition agreement covers all of BP's aromatics and acetyl business, including assets, technology and licenses, and other related assets.
    The acquisition includes 15 plants (5 in the Americas, 2 in Europe and 8 in Asia) and 10 joint ventures .

     

      Ineos' aromatics business has 6 production bases and includes the polyester business that provides polyester fiber, film and PET packaging products.
    Ineos acetyl business has 9 production bases, producing derivatives such as acetic acid and acetic anhydride, providing a wide range of services for downstream industries such as food, pharmaceuticals, paints, adhesives and packaging.

     

      This article is compiled and released by Plastic Machinery Net.
    Some sources of information: Ascend, Sinochem New Net.
    If you have any infringement or objection, please contact us.

     
      This article is compiled and released by Plastic Machinery Net.
    Some sources of information: Ascend, Sinochem New Net.
    If you have any infringement or objection, please contact us.


      Original title: New Year has a big move! Ascend Acquires Eurostar Engineering Plastics, Ineos Acquires BP Aromatics and Acetyl Business
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