Allnex, the world's largest coating resin company, "changed ownership" and was acquired by the Thai petrochemical giant

On July 12, 2021, allnex, the world's leading supplier of specialty chemicals, announced that it has joined Global Chemical Co.

According to the data, Allnex is the coating resin business unit of the original Cytec company.

At the same time, the company is more focused on the two business segments of liquid coating resin and performance coating resin.

Regarding the acquisition, Alchemy said: After joining PTTGC, it will not only gain more investment opportunities and realize further expansion in emerging markets, but also, Alchemy’s existing global operating strength will also benefit PTTGC as a strategic Long-term investors to expand the influence of the Asia-Pacific region

PTTGC is a multinational chemical company headquartered in Thailand, providing high-quality chemical products to global customers

It is worth mentioning that China is one of Allnex's main markets, and its huge market potential has been driving Allnex's continuous progress

In March this year, Allnex announced that Allnex Technology Materials (Jiaxing) Co.

The new production base covers an area of ​​about 100,000 square meters, and the initial large-scale construction investment is about 200 million US dollars.

Speaking of the Jiaxing project, Miguel Mantas, CEO of Allnex, previously stated that Allnex has invested and developed in China for more than 30 years, and China has become the largest single country market and strategic base of Allnex in the world

Finally, I believe everyone is more concerned about whether the cooperation with Allnex will be affected?

According to Allnex's introduction, Allnex currently maintains independent operations, the company name remains the same, and the existing business and personnel remain unchanged.
If you have any questions, you can contact the company's staff
.