Azdel, Inc., Forest, Va., a joint venture of SABIC Innovative Plastics (formerly GE Plastics), Pittsfield, Mass., and PPG Industries, Pittsburgh, has been sold to Hanwha Living & Creative Corp. of Seoul, Korea.
Azdel, Inc., Forest, Va., a joint venture of SABIC Innovative Plastics (formerly GE Plastics), Pittsfield, Mass., and PPG Industries, Pittsburgh, has been sold to Hanwha Living & Creative Corp. of Seoul, Korea. Azdel is one of the oldest suppliers of glass-mat thermoplastic (GMT) composite formable sheets. It will continue to utilize resins from SABIC and fiberglass from PPG. However, it will now market its products itself instead of through SABIC. Hanwha L&C produces PVC compounds, window frames, and floor coverings; plastic doors, rigid PVC films, acrylic solid-surfacing products, and parts molded of SMC, GMT (based on technology from BASF), and EPP bead foam. The company is part of the Hanwha Group, whose activities range from PVC and PE resins to construction, energy, hotels, and financial services.