Switzerland: Resysta Sells Exclusive Rights of Production Ineos Acquires Licence for Compound Production
Ineos Compounds announced that it has entered into a licence agreement with Resysta International.
Sins/Switzerland — Under the terms of the Agreement, Ineos will acquire the rights to the exclusive production and marketing of Active Resysta Filler (ARF) in Europe. ARF is the key raw material for the production of Resysta PVC Compound which is used in a wide range of wood replacement applications. The product will be initially manufactured at the Ineos Compounds site in Sins, Switzerland and is well placed to respond to the growing demand from customers in Europe.
Jonathan Stewart, COO of Ineos Compounds, said: “We are looking forward to working with Resysta to develop this fast growing sector by having a real alternative to tropical wood." Resysta developed a weather- and water-resistant material which has the look and feel of wood. A standardized material which does not splinter or rot over time, obtained from a renewable resource, and which is fully recyclable. Founded in 2011, the company is a privately-owned technology company which is cooperating with industry partners worldwide.