LLP, a subsidiary of EuroSun Group, decided to sell the Elix polymer business to Sinochem International Co., Ltd. for 195 million euros. Elix polymer is ABS (acrylonitrile-butadiene-styrene) resin and derivatives, from Europe. Produced by leading manufacturers. Although the two parties have signed an agreement on sales, the transaction still needs to wait for approval from the regular regulatory authorities.
Elix Polymers is headquartered in Tarragona, Spain. Its products are widely used in medical, automotive, consumer products and other fields.
In 2012, the European Solar Group's subsidiary took over Elix. Since the takeover, under the guidance of the European solar partner LLP, Elix has experienced a shift from a production-centric unit to a market leader in providing first-class products and services. Elix has taken a series of steps to increase productivity, introducing the latest management technology 'lean manufacturing' and business excellence breakthroughs, resulting in tremendous productivity gains and record customer satisfaction levels, driving sales to the business High level.
'We are very pleased with the progress made by Elix Polymers during the Sun's possession, and we hope they will continue to succeed under new ownership,' said Parson, General Manager of the European Sun Partner. 'Spain is an attractive part of the Sun Group. Market, we are actively seeking further investment in the country. '
Elix CEO Wolfgang Dolin commented: 'This is an exciting next step for Elix, because we hope to build on the ownership of the Sun Group to help us develop a more solid platform. ' Elix The strength lies in continuous improvement, innovation, state-of-the-art technology, high-level sales and technical marketing department experience, and the Elix Polymer Human Resources team composed of professionals.