Polyplastics, a global supplier of thermoplastics, announced that its subsidiary Ticona Advanced Polymers (Florence, Kentucky) will be incorporated into the US Polyplastics Corporation (Farmington Hills) on April 1. This merger will Adding Cyclic Olefin Copolymers (COC) to Polyplastics USA's existing polyoxymethylene (acetal), polybutylene terephthalate (PBT) and polyphenylene sulfide (PPS) engineered polymer product portfolios. ) Resin. After the merger, the headquarters will be located in the United States Polyplastics United States company's offices in Farmington Hill.
Today's announcement pointed out that for more than a decade, Polyplastics has held the ownership of Ticona Advanced Polymers (TAP GmbH; Frankfurt, Germany) and pointed out that the merger will be Polyplastics' efforts to build a strong market in the Americas. An important milestone. 'We plan to use and further strengthen TAP GmbH's global leadership in the field of COC, as Polyplastics is expanding into the Americas,' President Lindsey Deal of Polyplastics USA and Timothy Kneale, President of Ticona USA statement.
US Polyplastics retains most of Ticona's personnel in the United States to ensure the continuity of packaging, healthcare and other industries that need to enhance polyolefin performance in the growing number of COC customers. Since the parent company Polyplastics in 2005 Since the acquisition of the company, Ticona's COC sales have more than doubled.
After the merger is completed, Ticona America will no longer be a legal entity. The merger will not affect Ticcona’s European subsidiary TAP GmbH. Ticona will continue to manufacture COC in Oberhausen, Germany, and handle Europe, Middle East and Africa (EMEA) sales operations.
Ticona Advanced Polymers
Ticona Advanced Polymers is the world's leading manufacturer of COC (cyclic olefin copolymers), a transparent glass-like, incredibly pure plastic used in healthcare, packaging and electronics applications. From insulin Topas COC is the preferred high-performance material for transportation, to food packaging films, and to mobile equipment components. TOPAS COC is sold through Polyplastics in Asia and the Americas and in Africa by Ticona's European branch.
Since INEOS announced the demise of Barex PAN resin in 2014, the world has been fiercely seeking alternatives to Barlex PAN resin. Topas Advanced Polymers is pleased to announce that COC plastic resins can provide what is needed in many fields. The performance, even in applications requiring medical care, includes the packaging of nicotine. Since Topas COC is widely used in today's medical and food applications, many processors have developed solutions based on TOPAS high-purity polymers. Heat-sealed films, barrier packages and chemical resistant containers all benefit from the unique properties of TOPAS COC.