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Vinmar links with Lanxess for North American distribution

January 22/2020

MOSCOW (MRC) -- Vinmar Polymers America will distribute Lanxess Corp.'s high-performance plastics to customers in North America, said Plasticsnews.

VPA, a unit of Houston-based Vinmar International, and Lanxess of Pittsburgh will work together to complement Lanxess' market strategy with regionally placed inventory, along with sales and technical support, officials said in a Jan. 17 news release.

They added that the new arrangement broadens the existing relationship between Lanxess and Vinmar in Turkey and Australia.

Key North American product offerings will include the Durethan-brand line of nylon 6 and 6/6 resins and Pocan-brand PBT resins and blends, according to VPA President Kirt Dmytruk.

Lanxess Corp. is a unit of Lanxess AG of Cologne, Germany. The firm is a leading specialty plastics and chemicals maker with annual sales of almost USD8 billion. Vinmar is a global plastics and chemicals distributor that posted sales of USD3.6 billion in 2019.

Vinmar has been working to grow its VPA unit in the last year. In mid-2019, the firm acquired resin and sheet distributor Alpheus Enterprises of Mexico City.

In late 2019, Vinmar Senior Vice President Vishal Goradia told Plastics News that the firm plans to remain active in the M&A market while also growing its businesses organically. He added that Vinmar is looking at possible U.S. distribution and chemical acquisitions.

Earlier, Covestro closed the sale of its European polycarbonates (PC) sheets business to the Munich-based Serafin Group effective January 2, 2020. This includes key management and sales functions throughout Europe as well as production sites in Belgium and Italy.

According to MRC's ScanPlast report, Russia's estimated consumption of PC granules (excluding imports and exports to\from Belarus) fell in January-November 2019 by 14% year on year to 70,700 tonnes (62,000 tonnes a year earlier).

LANXESS is a leading specialty chemicals company with sales of EUR 7.2 billion in 2018. The company currently has about 15,500 employees in 33 countries and is represented at 60 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of chemical intermediates, additives, specialty chemicals and plastics.


mrcplast.com
Author:Anna Larionova
Tags:PK, PC compounds, compounds, compounding, Lanxess.
Category:General News
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