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Solenis acquires Mexican water treatment firm

July 15/2020

MOSCOW (MRC) -- Solenis says it has acquired Poliquimicos S.A. de C.V. (Mexico City, Mexico), a maker of water treatment chemicals for the Mexican market, said Chemweek.

Terms of the transaction, including purchase price, were not disclosed. Poliquimicos makes chemicals for customers in pulp and paper and other water-intensive industries.

"The acquisition of Poliquimicos will enhance Solenis direct sales channel in the Mexican market and improve our production capabilities in the region, says Solenis CEO John Panichella. The location of the Poliquimicos production facility outside Mexico City, as well as the companys position in the packaging market, give the acquisition further benefits for Solenis, according to Jose Armando Pinon Aguirre, vice president/Latin America at Solenis.

As MRC informed earlier, Solenis (Wilmington, Delaware) says it has signed an exclusive distribution agreement with Peter Greven (Euskirchen, Germany), a leading manufacturer of oleochemical additives. Under the terms of the agreement, Solenis will be the authorized distributor for Peter Greven's calcium stearate dispersions for paper coating applications in the EU, UK, and Russia.

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 721,290 tonnes in the first four month of 2020, up by 4% year on year. Low density polyethylene (LDPE) and linear low density polyethylene (LLDPE) shipments grew partially because of the increased capacity utilisation at ZapSibNeftekhim.  At the same time, PP shipments to the Russian market totalled 347,440 tonnes in January-April 2020 (calculated by the formula production minus export plus import). Supply exclusively of PP random copolymer increased.
Author:Anna Larionova
Tags:petroleum products, PP, PE, petrochemistry.
Category:General News
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