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Celanese completes acquisition of Nouryon redispersible polymer powders business

April 07/2020

MOSCOW (MRC) -- Celanese Corporation, a global chemical and specialty materials company, has announced it has completed the acquisition of Nouryons redispersible polymer powders business offered under the Elotex brand, according to the company's press release.

With the completion of the acquisition - having cleared all necessary closing conditions, regulatory and works council requirements - Celanese takes ownership of Nouryons global production facilities for redispersible polymer powders across Europe and Asia, all products under the Elotex portfolio, and all customer agreements, technology and commercial facilities globally.

Celanese will integrate the Elotex product portfolio and production facilities into its global vinyl acetate ethylene (VAE) emulsions business to further meet global product demand. Elotex has production facilities in these locations: Frankfurt, Germany; Geleen, Netherlands; Moosleerau, Switzerland; Shanghai, China.

Elotex manufacturing facilities in Frankfurt and Geleen are co-located and operationally integrated with Celanese emulsions assets at these locations. Elotex R&D and Technical Services functions are located in Sempach, Switzerland.

Elotex is one of the worlds leading manufacturers of redispersible polymer powders for growing applications including: self-leveling flooring and wall texturing smoothing/painting. exterior thermal insulation composite systems (ETICS) which provide exterior walls with an insulated and waterproof surface, applied as a topcoat by trowel or spraying, cement tile adhesives and grouts for floor and wall tiles, mosaic and flat natural stone on dimensionally stable sub floors, gypsum plaster and joint fillers, polymer binding systems, and cement and time-based renders.

Celanese announced its intent to acquire Elotex on January 30. Financial details of the acquisition will be reported as part of the companys regular quarterly financial disclosure.

As MRC reported earlier, Celanese Corporation has restarted its vinyl acetate monomer (VAM) unit in Singapore. The company has resumed operations at the unit on March 16, 2020. The unit was shut since February 4, 2020 following a fire at the site. Located in Jurong Island, Singapore, the unit has a production capacity of 210,000 mt/year.

VAM is the main feedstock for the production of ethylene-vinyl-acetate (EVA).

According to MRC's DataScope report, February EVA imports to Russia rose by 9,83% year on year to 3,107 tonnes from 2,829 tonnes a year earlier, and overall imports of this grade of ethylene copolymer into the Russian Federation increased in January-February 2020 by 8,36% year on year to 6,194 tonnes (5,716 tonnes a year earlier).

Celanese Corporation is a global technology leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications. Based in Dallas, Celanese employs approximately 7,700 employees worldwide and had 2019 net sales of USD6.3 billion.


mrcplast.com
Author:Margaret Volkova
Tags:vinilacetat, EVA, adhesives, Celanese, Germany, China, Netherlands, Russia, Singapore, Switzerland.
Category:General News
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