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AOC acquires Spolchemie unsaturated polyester resins operations in Czech Republic

October 21/2020

MOSCOW (MRC) -- AOC, Kaprain and Spolchemie announce they have reached agreement on AOC acquiring the Unsaturated Polyester Resin (UPR) manufacturing operations located at the Spolchemie site in Usti nad Labem (Czech Republic), said the company.

This footprint extension will allow AOC to further improve service and logistics to its customers in Central/ Eastern Europe as well as in Germany, and will make new products (e.g. based on recycled PET) available for customers around Europe.

The UPR plant at the Spolchemie site in Usti nad Labem (located 70 km Southeast of Dresden, Germany) has already been making resins for AOC on a contract basis for many years. Besides state-of-the-art UPR production equipment, the plant has unique capabilities for manufacturing green resins based on recycled PET.

AOC, Kaprain and Spolchemie have signed on 15 October 2020 an agreement to transfer the operations to AOC (to become effective as soon as possible in the 4th quarter of 2020). This acquisition enables AOC to significantly extend its manufacturing footprint, and further adds to the companys global presence.

"This acquisition will give AOC a major leverage for strengthening our market position in Central and Eastern Europe, as well as in Germany. It enables us to ensure continued competitiveness in the region, explains Joe Salley, CEO of AOC. The acquisition proves our commitment to this industry, helping us and our customers to build even stronger relationships through supply security and continued technical collaboration."

The Usti operations have been working for AOC already since long time, and supported the company with great service and resins in sizeable volumes, adds Romana Benesova, CEO of Kaprain Investment Group. I am very happy that through this acquisition by AOC we have found a good home for this business, allowing Spolchemie to focus on our core business of chlorinated hydrocarbons and epoxy resins."

"AOC has been delivering quality resins for composites applications for over 50 years, and is recognized for its market leadership in quality and innovation, comments Stefan Osterwind, AOC Managing Director EMEA. As a result of this change, AOC can take a stronger ownership of the operations and apply its manufacturing expertise from around the globe. This will also help to strengthen the product portfolio we can offer to the region, including our broad range of specialty resins. At the same time, the products based on recycled PET will become available to more customers across the European continent."

As per ICIS-MRC Price Report, rhe activity in the Russian polyethylene terephthalate (PET) market was not strong last week, which is typical for this period of the year. Some converters reported a weaker demand in the market of finished PET products. Spot prices for Russian PET increased in mid-October.
Author:Anna Larionova
Tags:PET bottles, PET films, PET preforms, Spolchemie.
Category:General News
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