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    Home > Coatings News > Paints and Coatings Market > Allnex joins Global Chemical Co., Ltd., a subsidiary of Thai National Petroleum Corporation

    Allnex joins Global Chemical Co., Ltd., a subsidiary of Thai National Petroleum Corporation

    • Last Update: 2021-07-27
    • Source: Internet
    • Author: User
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    On July 12, 2021, allnex, the world's leading supplier of specialty chemicals, announced that it has joined Global Chemical Co.
    , Ltd.
    (PTTGC), a subsidiary of Thai National Petroleum Corporation.
    Allnex is a global leading supplier of specialty chemicals, providing a variety of Industrial resins, including powder coating resins, energy-curable resins, water-based resins, additives and crosslinking agents for wood, metal, plastic and other surfaces

    As the world's leading industrial coating resin company, Allnex serves customers in more than 100 countries on four continents.
    After joining PTTGC, it will not only gain more investment opportunities and achieve further expansion in emerging markets, but also, allnex's existing Global operational strength will also help PTTGC, as a strategic long-term investor, to expand its influence in the Asia-Pacific region

    With a leading green innovation technology portfolio and R&D network, Allnex supports PTTGC's commitment to environmental protection innovation and advanced technology

    Allnex and PTTGC will jointly respond to the challenges of sustainable development in the global market

    PTTGC is a multinational chemical company headquartered in Thailand, providing high-quality chemical products to global customers .
    PTTGC's product portfolio includes the manufacturing and distribution of upstream, intermediate and downstream petrochemical products, which are mostly used in packaging, textile and automotive industries .
    The company is a subsidiary of Thailand's leading multinational energy company PTT Group and a Fortune Global 500 company .
    PTTGC has been ranked first in the Dow Jones Sustainability Index for two consecutive years, and is committed to strengthening its leadership in the chemical industry by combining environmental innovation with advanced technology .
    Miguel Mantas, CEO of Allnex, said: "We are very proud of the achievements of Allnex's global development so far.
    At the same time, we are grateful to Advent for the strong support and high-quality partnership provided in the past few years
    In order to consolidate our leading market position, we will continue to invest in new technologies and expand our business in the Asia-Pacific region

    With our resources, industrial network and expertise, PTT Global Chemistry (GC) will be an excellent opportunity for our business development to be further improved


    Allnex's sale is expected to be completed in the fourth quarter of 2021 after obtaining regulatory approval
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