06 June 2013 10:16 [Source: ICIS news]
FRANKFURT, Germany (ICIS)--Polyscope Polymers is aiming to expand its product range and improve its product development capabilities in order to reach new end markets and become less automotive industry focused, the Netherlands-headquartered styrene maleic anhydride (SMA) copolymer producer’s CEO said on Thursday.
Patrick Muezers, who was speaking on the sidelines of a pre-K event conference, said that currently over 50% of Polyscope’s business comes from serving the automotive market.
The company also wants to expand its business by producing more SMA products for the compounding, construction, coatings, paper, adhesives, food packaging and electronics industries.
“The company has no longer a single [automotive] focus strategy,” Muezers, who is also the managing director at Polyscope, said.
“What we are working on this year and next year as well is to further expand our capabilities. We are driving towards a more multi-purpose, multi-serving business model,” he added.
“The speed of business is also determined by the capabilities of your own flexibility and change and if you compare us to a big corporation we are very fast, but still I feel we are not fast enough,” he added.
Muezers hopes by 2015 the company will have a better balance of end-markets that it can supply.
Polyscope was started up in 2006 after the privately-held manufacturer took over a former DSM plant in Geleen, the Netherlands, which was mothballed at the end of 2001 for an undisclosed sum.
Muezers said Polyscope will look to expand production capacity in 2015 or 2016, when the company will have to debottleneck its current facility. Production capacities were not disclosed.
The company now also has local compounding and contact manufacturing facilities, as well as sales & marketing support in other parts of Europe, and in North America and Asia.
Polyscope says it is the world’s leading manufacturer of SMA co-polymers, compounds, and aqueous solutions in terms of volumes and sales. It’s SMA is marketed and sold under the trade name XIRAN.
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