Celanese has completed the acquisition of the Elotex brand, Nouryon’s redispersible polymer powders business and will now take charge of the firm’s global facilities that are involved in the production of this brand. Celanese will also integrate the Elotex product portfolio and production facilities into its global vinyl acetate ethylene emulsions business.
Under the deal, Celanese is expected to acquire all of Nouryon’s global production facilities across Europe and Asia that deal in redispersible polymer powder. Celanese will also take over all the products under the Elotex portfolio along with all customer agreements and technology.
Celanese announced preliminary plans to expand its emulsion polymers derivatives business to extend the value of its global acetyl chain. The expansion projects include sites in Nanjing, China and Geleen, Netherlands.
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.
The company’s current Pom production unit at the IPH facility in Frankfurt will be expanded to meet the demand of its global engineered materials business. Once completed, the project is expected to be the biggest Pom manufacturing plant across the globe.