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Perstorp and MGC Form Strategic Partnership to Distribute Copolyesters in Europe

Published on 2012-04-30. Author : SpecialChem

Perstorp and Mitsubishi Gas Chemical has announced the signing of a distribution agreement for the new copolyesters and key raw material. Through this agreement, Perstorp is the exclusive distributor of the innovative copolyester under its own brand Akestra™ in Europe.

This strategic partnership will enable developing the market for these new high heat resistant and durable copolyesters in Europe, addressing the demand for safer and superior thermoplastics.

"We are very pleased to collaborate with MGC for developing the market of this next generation of amorphous highly transparent co-polyesters," says David James, Market Development Manager. "There is strong need in substituting other thermoplastics like polycarbonate due to safety and environmental concern and Akestra™ can be seen as a viable alternative. Its unique set of properties also make it attractive for developing new applications and substituting other materials like glass and polymers with improved performance, durability, lighter weight, and with low energy consumption for processing. On longer term, thanks to our key integrated technologies in Europe, the ambition is to establish jointly the most competitive production platform in Europe for the raw material used in these copolyesters"

"It is the great honor for us to cooperate with a technologically superlative company like Perstorp. By utilizing Perstorp's strong marketing network and technical support, the growth of our new co-polyester business development will be accelerated. We strongly believe that we have a wealth of opportunities to find suitable and ground breaking applications for safe and eco-friendly materials like our new co-polyesters in the European market." says Takashi Nakase, New Business Development Manager, MGC.

About MGC

MGC is creating products and services based on chemical engineering in a wide range of fields, as stated in the company motto: "Offering unique products through original technology." By developing environmentally friendly materials as well as resource-conserving products and processes, and contributing to environmental protection, the company is helping to realize a safe, harmonious, and prosperous future.

About Perstorp

The Perstorp Group is one of the world leader in several sectors of the specialty chemicals market for a wide variety of industries and applications. Our products are used in the aerospace, marine, coatings, chemicals, plastics, engineering and construction industries. They can also be found in automotive, agricultural feed, food, packaging, textile, paper and electronics applications. Perstorp has approximately 2,200 employees and manufacturing units in eleven countries in Asia, Europe and North America. Sales amounts to SEK 14 billion (1.45 € billion). By the end of 2005 the Perstorp Group was acquired by Perstorp Holding AB, controlled by the French private equity company PAI partners.

Source: Perstorp

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