13 April 2012 09:26 [Source: ICIS news]
LONDON (ICIS)--Helm AG will stop dealing in the distribution of polymers from the end of June as this no longer meets its business objectives and is a risk to the firm's portfolio, a source at the German company said on Friday.
"We are stepping out of PET [polyethylene terephthalate]. We will stop as of the end of June with the whole polymer activity…PP [polypropylene], PVC [polyvinyl chloride] and PE [polyethylene]," the source said.
"Polymers are the main products of producers," the source explained. "We have been quite successful as the biggest importer for ?xml:namespace>
Helm AG, which has been active in the polymer market for 30 years, will concentrate on its other liquid products such as methanol, monoethylene glycol (MEG), acetic acid, styrene, propylene and vinyl acetate monomer (VAM).
It will also continue with its other businesses which include fertilizers, pharmaceuticals, nutrition, crop protection, biotechnology and solids.
The polymer team will be spread out among Helm AG's other divisions. Its customers have been informed of the change.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections