Serra's acquisition of Yi Lai Tai, VAE emulsion leadership further consolidate
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2020-04-08
Introduction recently, Celanese (NYSE: CE) announced that it has completed the acquisition of Elotex (elatai) redistributable polymer powder business of nuolian. It is reported that Celanese will fully acquire the production facilities of Norion redispersible polymer powder in Europe and Asia, the series of products of elatai, as well as the global customer contract agreements, technical and commercial facilities. Celanese previously announced its intention to acquire elais on January 30. The financial details of the acquisition will be reported as part of the company's quarterly financial disclosure.
"The acquisition of Eli Tai, Serra nice will directly get a series of relatively fast growth applications and our latex business complementary customer base. Through derivatization, Celanese's business will be more flexible, and there will be more options for downstream growth, which is essential to enhance the value of our unique global acetyl chain business, "Todd, senior vice president of Celanese acetyl Global Elliott said, "through this acquisition, Serra will consolidate its global leadership in the VAE emulsion business, and continue to provide support to our customers in the field of construction and building materials. We have invested a lot of time and manpower in these areas, focusing on core products, solutions and customer development." "I would like to thank our employees and our loyal customers for their contribution to the development of the company," said Charlie shaver, President and CEO of nuolian. "I firmly believe that Celanese will continue to lead its vigorous development and continue to meet and exceed customers' expectations by providing industry-leading products and solutions "
Elatai is one of the world's leading manufacturers of redistributable polymer powder, whose products are mainly used in the following fields: ● self flowing flat and wall texture leveling / coating ● exterior wall insulation composite material system (ETICS), which can provide thermal insulation and waterproof surface for the exterior wall, using a trowel or spraying as the finishing coat ● on the size stable rough floor, used for floor and wall tiles, mosaic and flat Paste and grout natural stone cement tiles ● gypsum and caulking materials, polymer binder based systems, cement and patching
Celanese plans to integrate yilaitai's redispersible polymer powder products and production facilities into the global acetyl product chain business to further meet global product demand.
Eltek has manufacturing facilities in Europe and China, including Frankfurt, Germany, Geleen, Switzerland, moosleerau and Shanghai, China. Yi Lai Tai in Frankfurt and Geleen factory and Serra nice emulsion production of existing devices together, the two sides have been upstream and downstream integration operation. Eltek's global headquarters, R & D and technical services are located in senpach, Switzerland.
About Celanese
Celanese is a leader in the chemical industry, whose products are closely related to people's lives. The company's products are used in consumer and industrial applications, covering intermediate chemicals, cellulose products, polymer emulsion, EVA emulsion, food ingredients, engineering materials, etc. The company is the world's leading manufacturer of acetyl products and VAE emulsions, and is also the world's leading manufacturer of high performance engineering plastics.
Celanese has been operating in China since 1960. In the late 1980s, Celanese began to invest in China, establish joint ventures with Chinese partners, and successively set up factories in Nantong, Zhuhai and Kunming. In 2004, Celanese (China) Investment Co., Ltd. was officially established to manage Celanese's investment and business in China. In 2007, the company moved its acetyl business operation headquarters from the United States to Shanghai to manage the global acetyl business. In the same year, Celanese Nanjing integrated chemical base, a wholly-owned entity of Celanese in China, was built. Its completion is an important milestone for Celanese's business development in China and even Asia. In addition, at the beginning of 2011, Celanese Shanghai Business Technology Center was completed, integrating the business headquarters in Asia with the customer application development and R & D center to better serve customers.
In the building waterproofing industry, Serra is also known as the upstream supplier of raw materials. Its polymer emulsion and EVA emulsion are used as raw materials for waterproof coatings and have been widely applied in the construction and waterproofing industry.
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