MOSCOW (MRC) -- Materials supplier Geon Performance Solutions has acquired Roscom Inc., an ISO 9001:2015–certified PVC compounding facility in Croydon, Pa., said Canplastics.
The financial terms of the deal have not been disclosed. Roscom makes flexible and rigid PVC compounds for both indoor and outdoor applications. In a Dec. 20 news release, Geon CEO Tracy Garrison said that Roscom “is an excellent fit” for Geon.
"This addition represents a key step forward in our strategy," Garrison said. “The Croydon facility and tenured team will enable us to better serve our customers in the Northeastern U.S. and parts of Canada. We intend to maximize the incredible expertise of the Roscom team and look forward to bringing its additional product portfolio to our customers."
Roscom president and chief operating officer Nick Lynch, will remain with the company through the transition as an advisor, the news release also said, and sales and manufacturing operations for both companies will continue as usual through the transition.
Westlake, Ohio-based Geon operates 10 manufacturing plants in the U.S., Canada, Mexico, and China, and supplies materials for the appliances, building and construction, electronics, healthcare, transportation, and wire and cable sectors.
As per MRC, Westlake Chemical plans to begin scheduled maintenance works at its cracker at Lake Charles, Louisiana in September. The cracking unit with a capacity of 740,000 tonnes of ethylene per year (Petro 2) will be shut down for maintenance for 60 days starting from September.
Asa per ICIS-MRC Price Report, negotiations on January shipment of Russian polyvinyl chloride (PVC) have started this week. At the same time, both suppliers and buyers were in no hurry to agree on deals for the next month.
Independently of each other, producers began to announce December prices for January shipments. PVC prices continued to decrease on the foreign markets, but this factor has not affected prices in Russia yet. Because of long logistics and "low season", converters do not even think about an import alternative.
MRC