The hottest OEM changed to the acquisition of AOC

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OEM changed to acquisition, AOC company acquired the resin business of Czech spolchemie company

OEM changed to acquisition, AOC company acquired the resin business of Czech spolchemie company

October 28, 2020

October 25, 2020, the company also built a complete R & D system: three core R & D centers + multiple regional R & D centers AOC, a global resin supplier in the United States, Reached an agreement with the Czech company spolchemie and its second largest shareholder kaprain investment group to acquire the unsaturated polyester resin (UPR) manufacturing business of usti on the labe river

"this acquisition will enable AOC to play an important role in consolidating our market position in central and Eastern Europe and Germany, where highly elastic materials are processed by injection molding. It will enable us to ensure our continued competitiveness in the region," said US CEO jokiewe Jonas Sally

AOC added that the new plant will also make it possible to produce new products, such as recycled polyester based products for customers across Europe

Jia Mingxing, vice president of China Nonferrous Metals Industry Association, presided over the meeting.

spolchemie's UPR factory has signed a contract for many years to produce resin for AOC, and is unique in the production of green resin based on recycled polyester. The business transfer is expected to take effect as soon as possible in this quarter

Romana Benesov, CEO of kaprain investment, said: this transaction will enable spolchemie to focus more on the core business of chlorinated hydrocarbons and epoxy resins

On October 2, AOC also ended the acquisition of Ashland's maleic anhydride business and manufacturing facilities in Neil, West Virginia, with us $100million. AOC plans to use some mergers and acquisitions for its internal consumption (production of unsaturated fatty acids) in a short time, and will sell some quantities in the commercial market

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