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| Celanese acquires long-fiber thermoplastics business of FACT |
| Thursday, 24 December 2009 10:11 | |
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Celanese Corporation, a global chemical company which also includes subsidiary Ticona, announced this Monday (December 21) the acquisition of the long-fiber reinforced thermoplastics (LFT) business of FACT GmbH (Future Advanced Composites Technology) of Kaiserslautern, Germany, a business unit of The Ravago Group.Completion of the change of ownership will occur on December 31, 2009. Financial details of the transaction were not disclosed. FACT is a leading producer of long-fiber reinforced thermoplastics (LFT) used in injection molding, extrusion, compression molding and blow molding applications. The acquisition will support Celanese's Advanced Engineered Materials business segment, specifically Ticona Engineering Polymers, by building upon Ticona's LFT process technology and broadening specific product offerings to improve the capability to grow with its customers through a new production site in Kaiserslautern.
Source : http://www.adsalecprj.com/Publicity/MarketNews/lang-eng/article-94945/Article.aspx |
