Ineos buying Mitsui's polyacrylonitriles business

EUROPEAN PLASTICS NEWS

Published: May 29, 2013 10:53 am ET
Updated: May 29, 2013 10:57 am ET

Related to this story

Topics Materials, Mergers & Acquisitions, Materials Suppliers
Companies & Associations Mitsui Chemicals Inc.

Ineos Barex AG, part of the Ineos AG, is acquiring Mitsui Chemical Inc.'s polyacrylonitriles business.

Mitsui says the deal will secure its customers a long-term supply of polyacrylonitrile, while giving Ineos a wider reach in Asia.

"The transfer of this business to Ineos Barex provides a very close strategic fit," CEO David Schmidt said in a news release. "The proposed agreement is good news for all parties involved."

Polyacrylonitrile resins are produced at a Mitsui plant in Nagoya, Japan. They are used for films and resins in pharmaceutical packaging.

Ineos also produces polyacrylonitrile resins, sold under the Barex trademark in Europe and North America.

Terms of the deal, which is scheduled to close on Aug. 1, were not disclosed.


Comments

Ineos buying Mitsui's polyacrylonitriles business

EUROPEAN PLASTICS NEWS

Published: May 29, 2013 10:53 am ET
Updated: May 29, 2013 10:57 am ET

Post Your Comments


Back to story


More stories

Image

BASF pre-tax earnings rise, but will miss financial targets for 2015

October 24, 2014 10:16 am ET

BASF SE has raised its expectations for pre-tax earnings in 2014 but warned that it would not hit its financial targets for next year.    More

Image

Sabic, Shell cancel expansion for SADAF joint venture in Saudi Arabia

October 24, 2014 9:19 am ET

Saudi Basic Industries Corp. and Royal Dutch Shell have cancelled plans to expand an existing petrochemical joint venture in Saudi Arabia following...    More

Image

Sadara CEO says Middle East now has 20 percent of global ethylene capacity

October 24, 2014 9:33 am ET

Sadara CEO Ziad Al-Labban claims that the Middle East's ethylene capacity is now 20 percent of global production.    More

Image

PolyOne increases quarterly profits despite falling sales

October 23, 2014 4:55 pm ET

North American compounding leader PolyOne Corp. saw its third-quarter profit increase, even as sales fell vs. the year-ago period.    More

Image

Investment firm buys Ontario cap molder

October 23, 2014 2:01 pm ET

A company whose varied interests include food and refrigerated transportation businesses is now moving into plastic caps.    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events