Arkema in acquisition of mainland polyamide firm

11/29/2011

Arkema (Colombes, France) plans to acquire Chinese company Hipro Polymers (Zhangjiagang), a fast-growing producer of bio-sourced polyamide 10.10. The company also intends to acquire Casda Biomaterials (Hebei, China), a global leader in sebacic acid derived from castor oil and used in particular to manufacture this polyamide 10.10.

In anticipation of the rapid development expected over the next few years, Hipro Polymers also plans to triple its production capacity. Current capacity of 5000 tonnes/year will be boosted by Q2 of 2012.

Besides polyamide 10.10, Hipro Polymers also manufactures PA 6.10, PA 6.12, and PA 10.12 Marketing is grades under the Hiprolon brand, the resins are widely used for automotive tubing system, consumer electronics components and back sheet of photovoltaic modules. ...
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