Increasing Polymer Production
Nouryon Takes over Chinese Metal Alkyls Producer
Nouryon, Amsterdam, Netherlands, has acquired Zhejiang Friend Chemical Co. (Friend), the largest Chinese producer of triethyl aluminum (TEAL). This metal alkyl is used in the production of high-volume polymers, such as polypropylene and polyethylene.
The acquisition includes products, technology, customer lists and a manufacturing site in Jiaxing, located 100 kilometers southwest of Shanghai. The company will also evaluate opportunities to expand operations at Jiaxing. Friend’s approximately 60 employees will join Nouryon, including the company’s founder, HaiQing Zhang, who will serve as a senior consultant.
“Friend has a great reputation in the industry and with this acquisition we’ll now have manufacturing facilities in Asia, Europe and North America, enabling us to better serve our customers in this fast-growing market,” said Johan Landfors, Managing Director Polymer Chemistry at Nouryon.
This deal is Nouryon’s second recent deal to strengthen its position serving the polymer industry. Late last year, the company completed the acquisition of Brazil-based Polinox, a South American producer of ketone peroxides, used in the production of various plastic and composite products.
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