7 January 2014,
Details
Primary amides products
are used primarily in the polymer industry to
create plastics bags and plastic films for packaging.
Under the terms of the agreement,
* a manufacturing facility in Kyungju, South Korea, and
* all 37 employees will transfer to
PMC Group with immediate effect, along with
* the erucamide, oleamide and other primary and
secondary amides.
AkzoNobel,
Werner Fuhrmann, Executive Committee member
responsible for the Specialty Chemical business
- The sale follows a review of the business' fit within
AkzoNobel's Functional Chemicals portfolio,
where it operated as a standalone activity.
- Our focus is on extending our leading market position in
organic peroxides and metal alkyls,
as evidenced by our expansion investments in
China, the US and Mexico.
PMC,
Debtosh Chakrabarti, President
- We are excited about this acquisition,
which adds to our portfolio of specialty chemicals
derived from renewable oleochemicals.
- The business
* complements PMC's leading global position
in polymer additives and
* provides us with a strong manufacturing location
in Asia for these specialty products.
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