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

2014 sees modest sales increase, but profit decrease, for Dow Chemical

January 29, 2015 4:20 pm ET

Dow Chemical Co. delivered modest sales growth in 2014, but the firm's profit took a tumble.    More

Image

Resin prices continuing to tumble

January 29, 2015 2:24 pm ET

The ongoing slide in crude oil prices is taking commodity resin prices down as well.    More

Image

Lund adds to aftermarket auto products portfolio with buy of Bushwacker

January 29, 2015 2:49 pm ET

Lund International Inc. has expanded its portfolio of plastic aftermarket vehicle accessories by acquiring Bushwacker Inc.    More

Image

Materials firms look for stock rebound

January 29, 2015 1:52 pm ET

DuPont Co., A. Schulman Inc. and Rogers Corp. thrived amid the stock market chaos of 2014, but the other 12 publicly held materials firms tracked by...    More

Image

Chemtrusion, Mytex Indiana compounding plant set for expansion

January 29, 2015 1:35 pm ET

Japanese and American partners in a compounding plant in Indiana plan to expand the facility.    More

Market Reports

Plastics in Automotive: Innovation & Emerging Trends

This special report newly released by PN and sponsored by The Conair Group examines current trends in the use of plastics in automotive, materials innovations and the changing landscape. It includes a review of legislative/regulatory activity impacting vehicle development and lightweighting, market opportunities & challenges for mold and toolmakers, innovative design strategies being implemented by major OEMs and suppliers, as well as a review of key indicators in Canada, Mexico, Brazil and China.

Learn more

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

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Upcoming Plastics News Events

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