India: Thermoplastics Celanese Acquires Next Polymers
Celanese‘s recent takeover of one of India’s largest engineering thermoplastics compounders has enabled the firm to possess a 20 kilo tonnes per annum domestic compounding production facility in the country along with quality production lines to support local customers.
Mumbai/India – Celanese Corporation, a global chemical and specialty materials company, has recently announced that it has completed the acquisition of Next Polymers, one of India’s largest engineering thermoplastics compounders.
By adding a new production unit in India, this acquisition further expands Celanese’s global manufacturing footprint. With a world-class domestic compounding facility and 10 production lines to support local customers in a fast-growing market, the company leverages a potential export base. The acquisition also grows the company’s capability in compounding polymers with post-industrial content, an increasingly important focus area that reinforces the firm’s commitment towards waste reduction and environmental accountability.
Celanese will manage Next Polymer’s ETP product portfolio within its engineered materials business to include the following products: Nylon 6 and Nylon 66, Polypropylene, Acrylonitrile Butadiene Styrene, Polycarbonate, and Polymethyl methacrylate.
Next Polymers specializes in custom compounding of various engineering thermoplastics compounders materials. The firm is located in Mumbai, India and also possesses an approximate 20 kilo tonnes per annum compounding production facility in Silvassa which is located in the union territory of Dadra & Nagar Haveli.
Financial details of the transaction are not being disclosed at this time.