Since 2016, the chemical giants such as the Austrian chemical group Borealis, petrochemical giant Saudi Basic Industries, West Lake Chemical, and the leading petrochemical producer Unipetrol have not been idle, in order to actively respond to global economic challenges and strengthen the company's industry and market. The status of the above, fully integrate market resources, and achieve maximum economic benefits, the major chemical giants have invested in the ranks of mergers and acquisitions, and will turn their eyes to the plastics industry.

Borealis acquires German plastics recycling company

In June, the Austrian chemical group Borealis has signed an agreement to acquire the German plastics recycling company MTM Plastics and MTM Compact. The completion of this acquisition reflects Borealis' positive attitude towards the core global challenges. Borealis currently employs approximately 6,500 people and has operations in more than 120 countries with 2015 sales of 7.7 billion euros. MTM Plastics is headquartered in the town of Nigbra, south of Hannover, Germany. The company's annual production capacity is 30,000 tons of recycled plastic pellets, and its branded products, Dipolen and Purpolen, are currently sold to Italy, Benelux, France, Poland, USA, China, Turkey and Germany.

“Plastic is a valuable resource and should not enter landfills. Plastic recycling provides a circular economy opportunity to comply with the growing market sustainability agenda. Post-consumer waste can be used for machining. Acquisition of MTM plastic and MTM Compact Reflecting our active and passionate 'continuous discovery' approach to providing concrete and innovative solutions to the core global challenges,” said Alfred Stern, Executive Vice President, Polyolefins and Innovation Technologies, Borealis.

Saudi Basic Industries Announces Acquisition of Dutch Thermoplastics

In March, petrochemical giant Saudi Basic Industries announced that it has acquired a majority stake in the Dutch-based Fibre Reinforced Thermoplastics BV to expand its material portfolio. Ernesto Occhiello, executive vice president of Saudi Basic Industries, said that through this acquisition, Saudi Basic Industries will be able to develop new thermoplastic products, processes and design solutions that will help our customers take advantage of the unique lightweight opportunities offered by composite materials.

Saudi Basic Industries' new fiber reinforced thermoplastics (FRT) business specializes in the production of engineering thermoplastics, fiber reinforced one-way (UD) belts for the construction, transportation and energy industries. FRT's innovative Udmax composite tape will complement the existing thermoplastic solutions in Saudi Basic Industries, helping customers produce smaller, lighter and stronger components to meet stringent industry standards. The production process of the Udmax belt allows thousands of glass or carbon fibers to be rapidly distributed over the polymer matrix, which means that the composite tape has a high density and less broken fibers.

US West Lake Chemical will become the second largest PVC producer in North America

In June, Westlake Chemical announced that it would acquire Axiall, a manufacturer of building materials and chemicals, for a total of $33 in US dollars. The total value of the transaction was around $3.8 billion. The transaction has been unanimously approved by the board of directors of both companies and is expected to close in the fourth quarter. The combined West Lake Chemical Company will become the third largest producer of chlor-alkali in North America and the second largest PVC producer.

Unipetrol re-acquires Czech PVC manufacturer

At the end of June, leading petrochemical producer Unipetrol recently re-acquired Czech PVC manufacturer Spolana as, which will strengthen the company's industry and market position. It cost €1 million to recapture Spolana as from Polish chemical company Anwil SA, which acquired the company in 2016 and had 82% of the company's shares at the time. At present, the company has more than 700 employees, PVC annual production capacity of 135,000 tons, vinyl chloride monomer production capacity of 13,500 tons, lactam annual production capacity of 40,000 tons, caustic soda annual production capacity of 150,000 tons.

Anwil is located in Poland and is a subsidiary of the Polish National Oil Company with Unipetrol, the leading crude oil producers in Europe. Unipetrol's 100% stake in Spolana will make the company's assets and operations more flexible, making ethylene production and sales more flexible. Unipetrol said in a statement that the acquisition would better coordinate Unipetrol's value chain. Founded in 1992, Spolana operates a production site covering an area of ​​260 hectares, mainly producing inorganic fertilizers, industrial fertilizers, PVC and polyamide. Exports account for 80% of the total.

Square Faucet

Product Information

Square Faucet,Square Basin Faucet,Square Kitchen Faucets,Bathroom Sink Faucets

KaiPing HuiPu Shower Metalwork Industrial CO,LTD , https://www.hp-shower.com