Polynt-Reichhold Group announces details for U.S. strategic integration initiative
Serving to produce composites and other maleic derivatives, the Group expects the plant to model its existing integration in Europe.
Source | Polynt-Reichhold Group
The plant will serve Polynt-Reichhold’s consumption for composites and other maleic derivatives already produced in Europe and Asia. The company intends to create, in North America, the successful integrated business model it employs in Europe. “For maleic anhydride, we evaluated options for purchasing an existing plant, but this proved to not be feasible. Therefore, we decided to go ahead and build our own maleic anhydride plant,” comments Rosario Valido, president and CEO.
According to Polynt-Reichhold, it is still evaluating its integration strategy for phthalic anhydride, the other chemistry included in the strategic integration initiative. The company is considering integration with existing operations or the construction of a greenfield plant. The final decision about the next steps is expected before the year end.
“For phthalic anhydride, we are in an earlier stage and different options are still on the table, but are committed to progress in integrating intermediates and resins. An investment in phthalic anhydride will strengthen our competitive position in the Americas while leveraging our proprietary technologies and experience operating intermediates facilities in Europe and Asia,” Valido adds.