PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: LANXESS

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

LANXESS Strengthens Global Phthalate-free Plasticizer Portfolio - LANXESS is strengthening its global asset base and product portfolio for premium, environmentally-friendly phthalate-free plasticizers - LANXESS.com
LANXESS Strengthens Global Phthalate-free Plasticizer Portfolio

 

NewswireToday - /newswire/ - Leverkusen, Germany, 2011/10/12 - LANXESS is strengthening its global asset base and product portfolio for premium, environmentally-friendly phthalate-free plasticizers - LANXESS.com. FRA: DE Frankfurt: LXS

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing/Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

• Acquisition of US-based UNITEX;
• Access to new diversified plasticizer technology base.

The specialty chemicals company has agreed to acquire UNITEX Chemical Corporation located in Greensboro, North Carolina. Financial details were not disclosed. The transaction also represents LANXESS’ first acquisition of a manufacturing site in the United States.

Privately-owned UNITEX has about 40 employees based at its production site in Greensboro. The site has a capacity of more than 50,000 metric tons per year dedicated to mainly producing phthalate-free plasticizers and other specialty products, including flame retardants. UNITEX achieved sales of about USD 30 million in 2010.

Through this acquisition, LANXESS will gain access to UNITEX’s flexible manufacturing facility coupled with an extensive portfolio of phthalate-free plasticizers, including benzoates, citrates and trimellitates. UNITEX’s product portfolio will strengthen LANXESS’ leading brands of phthalate-free plasticizers, including Mesamoll, Unimoll, Adimoll and Ultramoll. The size of the global phthalate-free plasticizers market is currently estimated at EUR 1.3 billion and is growing at seven percent per year.

“This transaction underlines our technology leadership in specialty chemicals and strengthens our relationship with our customers in the USA – the world’s largest chemical market,” said Rainier van Roessel, Board Member of LANXESS.

“I am delighted that UNITEX will be joining forces with LANXESS, whose focus on technology and strong global standing will give the Greensboro team the platform to achieve even more success,” said George W. Page, former President and owner of UNITEX.

The transaction will close with immediate effect and LANXESS will finance the acquisition from existing liquidity. The UNITEX business will be integrated into the LANXESS business unit Functional Chemicals.

Phthalate-free plasticizers have been growing in demand due to legislative initiatives in developed markets such as North America, Western Europe and Japan. This trend is now also being seen in emerging markets around the world such as Latin America. Regulators are calling for consumer products such as toys, food packaging and cables to contain the flexible plastic PVC, which has only been processed by phthalate-free plasticizers.

LANXESS already enjoys a leading position in the phthalate-free plasticizer segment, driven by its current portfolio that includes the flagship product Mesamoll – a 100%-phthatlate-free platicizer based on alkyl sulfonic esters. In 2007, the U.S. Food and Drug Administration (FDA) approved the use of Mesamoll II in packaging for dry and aqueous-based food. In Europe, the European Food Safety Authority (EFSA) has also approved the use of Mesamoll in food contact applications.

Functional Chemicals (FCC) belongs to LANXESS’ Performance Chemicals segment and is headed by Jorge Alberto Nogueira. Apart from specialty plasticizers, FCC manufactures phosphorous chemicals and colorants. It employs about 450 people mainly at its sites in Leverkusen and Krefeld-Uerdingen, Germany.

LANXESS Corporation based in Pittsburgh, PA, currently employs about 900 people in the USA at nine locations and produces high-performance synthetic rubbers, advanced industrial intermediates and specialty chemicals. LANXESS Corporation achieved EUR 1.2 billion in sales in 2010.

LANXESS (lanxess.com) is a leading specialty chemicals company with sales of EUR 7.1 billion in 2010 and currently around 15,800 employees in 30 countries. The company is at present represented at 46 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of plastics, rubber, intermediates and specialty chemicals. LANXESS is a member of the leading sustainable indices Dow Jones Sustainability Index (DJSI) World and FTSE4Good.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing/Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: LANXESS

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Manufacturing/Robotics articles,
CATCH Visitors via Your Competitors Announcements!


LANXESS Strengthens Global Phthalate-free Plasticizer Portfolio

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

LANXESS |
Publisher Contact: Daniel Smith - LANXESS.com 
+49 214 30-75179 daniel-alexander.smith[.]lanxess.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any LANXESS securities in any jurisdiction including any other companies listed or named in this release.

Manufacturing/Robotics via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From LANXESS / Company Profile


Read Manufacturing/Robotics Most Recent Related Newswires:

LANXESS Introduces New Sustainability in the Tanning Process
PPG to Highlight ENVIROCRON High Transfer Efficiency (HTE) Coatings At Powder Coating 2017 Conference
Rockwell Automation Addresses Digital Transformation and Industrial IoT Opportunities at Hannover Messe 2017
BASF Launches APEX - Next Generation Latex Binder
BASF Leather Chemicals Business to Become Part of Stahl Group
New Factory in Kuwait Consolidates Hempel’s Position as Market Leader in the Middle East
Voith Introduces SkySoft Creping Blade with Ceramic Coating Helps to Increase Tissue Productivity
BASF Licenses CRISPR-Cas9 Genome-editing Technology from the Broad Institute
Outokumpu and Sidenor to Partner in Sales of Prodec High Machinability
ADVA Optical Networking and Corning Showcase 100G Direct Detect Solution for Ultimate DCI Efficiency
OFS Announces Higher DWDM Capacity Over TeraWave™ ULL Optical Fiber with Nokia Commercial Ultra-Wideband C+L-Band System at OFC 2017
ADVA Optical Networking Unveils Industry First with 600Gbit/s per Wavelength DCI Technology
EANTC Tests Confirm Unique NFV Benefits of ADVA FSP 150 ProVMe
PPG Debuts TOUCHMIX XI Touchscreen Computer
Hexagon Manufacturing Intelligence CMMs Increase Inspection Performance on Large and Palletised Parts

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  BizJobs.com

Visit  La Bella Bakery Artisan Bakery Arizona





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)