Solvay To Buy Chevron Phillips PPS Business
Expanding its specialty polymers portfolio, Solvay will acquire the Ryton PPS business from CP Chem.
Solvay Specialty Chemicals, Alpharetta, Ga., is acquiring the well-known Ryton PPS business from Chevron Phillips Chemical, The Woodlands, Texas, further expanding its already broad range of specialty polymers portfolio. Completion of the deal is expected by year’s end.
Included in the transaction are two PPS plants in Borger, Texas and a combined pilot plant and R&D facility in Bartlesville, Okla., and a compounding plant in Kallo-Beveren, Belgium. Not included in the deal is CP Chem’s compounding plant in La Porte, Texas, which the company will continue to use to toll-compound for Solvay until production can be moved to other Solvay compounding facilities. Ryton PPS has a very strong standing in automotive where applications include heating and thermal management components, pumps, and electronic parts. Solvay sees new PPS applications emerging in hybrid and electric vehicles including motor insulators, engine control (ECU) units, and intelligent power modules (IPM). It is also used in electronics, such as smart devices, for improved fire resistance. Industrial and other market sectors also account for emerging growth. Solvay projects over 7% annual growth for Ryton PPS through 2020.
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