27 May 2013
Details
INEOS Barex AG has signed a binding agreement
to acquire the Polyacrylonitriles Business from
Mitsui Chemicals Inc..
Benefit
INEOS is the leading supplier of polyacrylonitrile co-polymers
sold primarily in the European and North American market.
This agreement supports long term strategic goals and
immediately gives INEOS a more significant presence in Asia.
While Mitsui Chemicals is allowed to secure a long term supply of
polyacrylonitrile for its current customers as it transfers ownership of
the business to INEOS Barex AG.
About Polyacrylonitrile
Polyacrylonitrile resins are inert products manufactured by
Mitsui Chemicals Inc. under license, at its Nagoya works.
Film and sheet application include
pharmaceutical and medical packaging
in the Asia Pacific region.
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