MOSCOW (MRC) -- Engineering thermoplastics supplier Polyplastics Co., Ltd. has announced the merger with its affiliate Topas Advanced Polymers, Inc. (TAP), as per GV.
The merger will add Topas cyclic olefin copolymer (COC) resins to Polyplastics USA’s existing portfolio of POM (acetal), polybutylene terephthalate (PBT), and polyphenylene sulfide (PPS) engineering polymers. The combined business will be headquartered at Polyplastics USA’s existing offices in Farmington Hills, MI, USA.
The merger will have no effect on TAP’s European arm, TAP GmbH, which will continue to manufacture COC in Oberhausen, Germany, and handle sales for Europe, Middle East, and Africa (EMEA).
As MRC wrote before, in early September 2016, Polyplastics Co., Ltd. reached agreement with Teijin Limited for a move, under which WinTech Polymer Ltd., a producer of thermoplastic polyester resin, acquired all WinTech Polymer shares then owned by Teijin, effective September 30. Pursuant to this stock acquisition, WinTech Polymer became a wholly owned subsidiary of Polyplastics, while carrying on all of its existing business operations in their current status.
The Polyplastics Group, as a top supplier of engineering plastics whose Fuji Plant in Japan; Dafa Plant in Kaohsiung, Taiwan; and Nantong Plant in mainlandChina have a combined yearly compound production capacity of 150,000 tons, will continue to make every effort to provide customers with a stable supply of products in the aim of further increasing customer satisfaction.
MRC