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July 12, the world's leading industrial coating resins company Cham new (allnex), announced it has joined Thailand's petrochemical giant - Thailand's National Oil Co.
, the world's Chemical Co.
, Ltd.
(referred to as "PTTGC")
.
It is reported that the sale of Allnex is expected to be completed in the fourth quarter of 2021 after obtaining regulatory approval
.
At present, Allnex maintains independent operation, the company name remains the same, and the existing business and personnel remain the same
.
According to Chinese and foreign coatings website, this has already been the third "change of ownership" of Allnex, which can be traced back to Belgium UCB Special Surface Technology Co.
, Ltd.
In March 2005, Cytec purchased UCB surfactant business for US$1.
8 billion.
Allnex Become Cytec's coating resin business unit, establishing its position as a mainstream supplier of coating resins .
The second time was that Allnex was acquired by Advent for US$1.
15 billion in 2013 .
July 2021, Cham new third "easy to master", announced it has joined the Thai petrochemical giant - Thailand's National Oil Co.
, Ltd.
Global Chemical .
Allnex is the world's leading supplier of coating resins, headquartered in Frankfurt, Germany.
Its products are widely used in architectural coatings, industrial coatings, protective coatings, automotive coatings, and special coatings and inks .
In September 2016, Allnex Group completed the acquisition of Nupes Industrial Group for US$1.
05 billion, thus forming the world's largest manufacturer of coating resins .
As the world's largest industrial coating resin company, Allnex serves customers in more than 100 countries on four continents .
Allnex stated that after joining PTTGC, it will not only obtain more investment opportunities and realize further expansion in emerging markets, but also, allnex's existing global operating strength will also benefit PTTGC as a strategic long-term investor, expanding in the Asia-Pacific region.
Regional influence .
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, as a global chemical company under the Thai petrochemical giant PTT Group (Thailand National Petroleum Co.
, Ltd.
), is headquartered in Thailand.
The company provides high-quality chemical products to customers around the world .
PPT Group is one of the two major departments (Ministry of Mineral Resources and Petroleum Administration) under the Ministry of Industry of Thailand .
As an economic entity, PTT represents the government to exercise the management rights of oil and gas and other resources in the territory of Thailand.
Its main business is to be responsible for the exploration and development of oil resources owned by the government; it is responsible for oil refining and storage and sales of oil products.
; Responsible for oil utilization, management and transportation, and natural gas processing.
It is a listed company controlled by the Thai government .
In 2020, PTT Group ranked 140th among the Fortune 500 with US$71.
5 billion .
It is reported that as a subsidiary of PTT, 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 has ranked first in the Dow Jones Sustainability Index for two consecutive years.
, Is committed to strengthening its leading position in the chemical industry by combining environmental protection 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 its leading market position, we will continue to invest in new technologies, expand the business in Asia Pacific .
with our resources, expertise and industry network, PTT global chemical will be our business development was a great opportunity to further enhance .
" with With economic development, technological progress and the improvement of people's living standards, various industries are accelerating innovation, and coating products are developing in a more environmentally friendly, energy-saving and intelligent direction.
The market scale of water-based and other environmentally friendly resins is also experiencing rapid growth .
Among them, China has accounted for nearly 60% of the global industrial coatings demand growth, and is one of the markets with the greatest potential for industrial coatings.
.
China and foreign coatings.
com has noticed that China is the largest single country market and strategic base of Allnex in the world.
Allnex has invested and developed in China for more than 20 years
.
In March this year, Allnex Technology Materials (Jiaxing) Co.
, Ltd.
was formally established.
The new production base is located in Dushangang Economic Development Zone, Pinghu City, Jiaxing, Zhejiang.
It covers an area of about 150 acres.
In accordance with the world's environmental protection standards, it will build a world-class industrial environmental protection resin production base that is second to none in China, which is expected to be completed and put into production in 2022
.
Allnex stated that it will comprehensively accelerate the construction of a world-class environmentally friendly high-performance resin production base and promote green innovation to meet the growing demand for high-quality coating resins and additives in the Chinese and global markets .
Investing in a new production base also means that Allnex has full confidence in the development of the Chinese market and is committed to continuing to provide Chinese local customers with excellent products, customized R&D support and efficient supply services .
At present, Allnex has 33 manufacturing plants, 23 technology R&D centers and 6 joint ventures around the world, with business covering four continents, serving more than 100 customers, and annual sales exceeding 2.
1 billion euros .
, the world's Chemical Co.
, Ltd.
(referred to as "PTTGC")
.
It is reported that the sale of Allnex is expected to be completed in the fourth quarter of 2021 after obtaining regulatory approval
.
At present, Allnex maintains independent operation, the company name remains the same, and the existing business and personnel remain the same
.
According to Chinese and foreign coatings website, this has already been the third "change of ownership" of Allnex, which can be traced back to Belgium UCB Special Surface Technology Co.
, Ltd.
In March 2005, Cytec purchased UCB surfactant business for US$1.
8 billion.
Allnex Become Cytec's coating resin business unit, establishing its position as a mainstream supplier of coating resins .
The second time was that Allnex was acquired by Advent for US$1.
15 billion in 2013 .
July 2021, Cham new third "easy to master", announced it has joined the Thai petrochemical giant - Thailand's National Oil Co.
, Ltd.
Global Chemical .
Allnex is the world's leading supplier of coating resins, headquartered in Frankfurt, Germany.
Its products are widely used in architectural coatings, industrial coatings, protective coatings, automotive coatings, and special coatings and inks .
In September 2016, Allnex Group completed the acquisition of Nupes Industrial Group for US$1.
05 billion, thus forming the world's largest manufacturer of coating resins .
As the world's largest industrial coating resin company, Allnex serves customers in more than 100 countries on four continents .
Allnex stated that after joining PTTGC, it will not only obtain more investment opportunities and realize further expansion in emerging markets, but also, allnex's existing global operating strength will also benefit PTTGC as a strategic long-term investor, expanding in the Asia-Pacific region.
Regional influence .
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, as a global chemical company under the Thai petrochemical giant PTT Group (Thailand National Petroleum Co.
, Ltd.
), is headquartered in Thailand.
The company provides high-quality chemical products to customers around the world .
PPT Group is one of the two major departments (Ministry of Mineral Resources and Petroleum Administration) under the Ministry of Industry of Thailand .
As an economic entity, PTT represents the government to exercise the management rights of oil and gas and other resources in the territory of Thailand.
Its main business is to be responsible for the exploration and development of oil resources owned by the government; it is responsible for oil refining and storage and sales of oil products.
; Responsible for oil utilization, management and transportation, and natural gas processing.
It is a listed company controlled by the Thai government .
In 2020, PTT Group ranked 140th among the Fortune 500 with US$71.
5 billion .
It is reported that as a subsidiary of PTT, 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 has ranked first in the Dow Jones Sustainability Index for two consecutive years.
, Is committed to strengthening its leading position in the chemical industry by combining environmental protection 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 its leading market position, we will continue to invest in new technologies, expand the business in Asia Pacific .
with our resources, expertise and industry network, PTT global chemical will be our business development was a great opportunity to further enhance .
" with With economic development, technological progress and the improvement of people's living standards, various industries are accelerating innovation, and coating products are developing in a more environmentally friendly, energy-saving and intelligent direction.
The market scale of water-based and other environmentally friendly resins is also experiencing rapid growth .
Among them, China has accounted for nearly 60% of the global industrial coatings demand growth, and is one of the markets with the greatest potential for industrial coatings.
.
China and foreign coatings.
com has noticed that China is the largest single country market and strategic base of Allnex in the world.
Allnex has invested and developed in China for more than 20 years
.
In March this year, Allnex Technology Materials (Jiaxing) Co.
, Ltd.
was formally established.
The new production base is located in Dushangang Economic Development Zone, Pinghu City, Jiaxing, Zhejiang.
It covers an area of about 150 acres.
In accordance with the world's environmental protection standards, it will build a world-class industrial environmental protection resin production base that is second to none in China, which is expected to be completed and put into production in 2022
.
Allnex stated that it will comprehensively accelerate the construction of a world-class environmentally friendly high-performance resin production base and promote green innovation to meet the growing demand for high-quality coating resins and additives in the Chinese and global markets .
Investing in a new production base also means that Allnex has full confidence in the development of the Chinese market and is committed to continuing to provide Chinese local customers with excellent products, customized R&D support and efficient supply services .
At present, Allnex has 33 manufacturing plants, 23 technology R&D centers and 6 joint ventures around the world, with business covering four continents, serving more than 100 customers, and annual sales exceeding 2.
1 billion euros .
