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2020
under the ravages of the epidemic
The world economy has been almost in disarray ever since
However, many chemical giants at home and abroad have made many moves.
Constantly expanding its business territory
Promote a new situation in the global plastics market
2020
What are the major acquisitions in the plastics industry?
Let's review together
BASF: Completed acquisition of Solvay's polyamide (PA 6.
6) business
6) business BASF: completed the acquisition of the Solvay Polyamide (PA 6.
6) business BASF: completed the acquisition of the Solvay Polyamide (PA 6.
6) business acquisition
On January 31, 2020, BASF completed the acquisition of Solvay's polyamide (PA 6.
6) business
.
Huntsman: Complete multiple acquisition plans and improve the group's business
Huntsman: Complete multiple acquisition plans and improve group business Huntsman: Complete multiple acquisition plans and improve group businessIn February 2020, Huntsman announced that it had completed the acquisition of Icynene-Lapolla
.
In March 2020, Huntsman reached an agreement to acquire CVC Thermoset Specialty Materials
.
On December 8, 2020, Huntsman Group announced that it has reached an agreement to acquire Gabriel Functional Products, a subsidiary of Audax Private Equity
.
Elkem: Completes acquisition of Aggregate Technologies
Elkem: Completes acquisition of Aggregate TechnologiesOn April 14, 2020, Elkem, an overseas company affiliated to Bluestar, announced that it had completed the acquisition of Guangdong Polysil Technology Co.
, Ltd.
(Polysil for short).
The synergistic effect of product technology and end market lays a solid foundation for Elkem's professional development in China and around the world
.
Saudi Aramco: Acquires 70 % majority stake in SABIC
Saudi Aramco: Acquisition of 70 % majority stake in SABIC Saudi Aramco: Acquisition of 70 % majority stake in SABICIn June 2020, Saudi Aramco announced that it had successfully completed the acquisition of a 70% stake in Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund (PIF), with a deal size of US$69.
1 billion
.
Ascend: Completes first acquisition in China
Ascend: Completes first acquisition in China Ascend: Completes first acquisition in ChinaIn June 2020, Ascend acquired Changshu Heshibi New Materials Co.
, Ltd.
and Tehe Engineering Plastics (Suzhou) Co.
,
Ltd.
PolyOne: officially changed its name to Avient and completed the acquisition of Clariant's masterbatch business
PolyOne: officially changed its name to Avient and completed the acquisition of Clariant's masterbatch business PolyOne: officially changed its name to Avient and completed the acquisition of Clariant's masterbatch businessOn July 1, 2020, PolyOne completed the acquisition of Clariant's masterbatch business and Clariant Chemicals (India), and announced the official name change to Avient
.
Shenma Co.
, Ltd.
: Acquired 37.
72% equity of Nylon Chemical to complete the industrial chain
72% of Nylon Chemical to complete the industrial chain Shenma: acquired 37.
72% of Nylon to complete the industrial chain
In August 2020, Shenma's major asset restructuring plan to purchase a 37.
72% stake in Nylon Chemical Company for 2.
086 billion yuan was approved by the China Securities Regulatory Commission
.
According to previously disclosed information, Nylon Chemical's nylon 66 salt production capacity ranks first in Asia and fourth in the world, with strong competitive advantages and profitability
.
After the acquisition, Shenma will become the only integrated enterprise with large-scale production capacity and upstream raw materials in China's nylon 66 industry
.
Covestro: Acquires DSM's Sustainable Coating Resins business
Covestro: Acquisition of DSM's sustainable coating resins business Covestro: Acquisition of DSM's sustainable coating resins businessOn September 30, 2020, Covestro and Royal DSM of the Netherlands signed an agreement to acquire its resins and functional materials business (RFM) at a price of 1.
61 billion euros to expand the market for coating resins and related high-performance raw materials
.
Trinseo: Acquires French Arkema PMMA business
Trinseo: Acquisition of Arkema ’s PMMA business in France Trinseo: Acquisition of Arkema’s PMMA business in FranceOn December 15, 2020, Trinseo announced that it has signed an agreement with Arkema of France to acquire Arkema's polymethyl methacrylate (PMMA) and methyl methacrylate (MMA) businesses
.
PMMA plastics have a wide range of end-use applications and can further enrich Trinseo's current product portfolio in multiple end-use fields such as automotive, building materials, medical and consumer electronics
.
Evonik: Acquires the medical degradable polymer business of DURECT
Evonik: Acquired the medical degradable polymer business of DURECT Company Evonik: Acquired the medical degradable polymer business of DURECT CompanyIn December 2020 , Evonik signed an agreement to acquire the LACTEL® medical biodegradable polymer business of DURECT for $15 million.
The transaction is expected to close in the first quarter of 2021 .
It is reported that the LACTEL® business is very suitable for some fast-growing markets, such as advanced drug delivery, biomaterials for tissue engineering, and implantable 3D printed medical devices .
The transaction is expected to close in the first quarter of 2021 .
It is reported that the LACTEL® business is very suitable for some fast-growing markets, such as advanced drug delivery, biomaterials for tissue engineering, and implantable 3D printed medical devices .
LyondellBasell and Suez Group: Acquire plastic recycling company TIVACO
LyondellBasell and Suez Group: Acquiring plastic recycling company TIVACO LyondellBasell and Suez Group: Acquiring plastic recycling company TIVACOIn December 2020, LyondellBasell, one of the world's largest plastics, chemicals and refining companies, and SUEZ, a global leader in environmental services, jointly announced the acquisition of TIVACO, a plastics recycling company based in Brandan, Belgium
.
The company will become part of the existing 50/50 plastic recycling joint venture Quality Circular Polymers
.
Through this transaction, it will increase its production capacity of recycled materials to about 55,000 tons per year
.
