Sinochem International plans to acquire European engineering plastics products for 144 million euros

Sinochem International announced that Sinochem International Co., Ltd., a wholly-owned subsidiary of the company, plans to invest in SPV, a holding subsidiary in Spain, with a shareholding ratio of 75.87%; SPVG intends to take the price of 144 million euros from Elix Holding Management Sarl & Partners SCA Acquired a 100% stake in Global Arlington and indirectly obtained control of its wholly-owned Sun Company ELIX through Global Arlington.

ELIX Polymers is a wholly-owned subsidiary of Global Arlington, whose main business is the production and sales of engineering plastic products.

ELIX Polymers was established in 1975. In 2012, ELIX Polymers was divested into an independent company due to EU antitrust policy restrictions. Sun Capital Partners Inc became its controlling shareholder by indirectly holding 92% of its shares.

ELIX Polymers has the world's leading modified plastics technology and business model, and is a prominent ABS manufacturer for the high-end market in Europe.

The know-how of the modified part of ELIX Polymers is self-owned and can be directly introduced. It is planned to build special ABS and ABS alloy modified plastics enterprises in the East China region close to the application market, and copy the advanced business model of ELIX Polymers to develop automobiles. , electronics, electrical appliances, medical needs, due to its excellent product performance and unique product application development model, relying on the company's strong marketing service capabilities, established the company's leading position in the field of modified plastics.