Dutch AkzoNobel signs PVC technology supply deal with Mexichem

21 June 2012 07:37  [Source: ICIS news]

SINGAPORE (ICIS)--Netherlands-based specialty chemicals maker AkzoNobel said on Thursday it has signed a technology licensing deal with Mexico-based polyvinyl chloride (PVC) maker Mexichem for an undisclosed fee.

Under the deal, AkzoNobel will supply its continuous initiator dosing technology, developed to help PVC makers improve reactor output, product quality and operational safety, to Mexichem, the company said in a statement.

The deal involves two Mexichem plants in Mexico and another in Colombia, which will be supplied with organic peroxide by AkzoNobel's site at Los Reyes in Mexico, it said without elaborating.

AkzoNobel is investing €9m ($11m) to boost the existing manufacturing capacity at Los Reyes, the company said.

"The new investment…enhances the flexibility of our overall peroxide manufacturing in the Americas," said Werner Fuhrmann, AkzoNobel's executive committee member responsible for specialty chemicals.

PVC is the third most widely produced plastic in the world, with annual production of around 34m tonnes, according to AkzoNobel.

($1 = €0.79)

By: Nurluqman Suratman

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