MOSCOW (MRC) -- Solvay, a leading global supplier of specialty polymers, has announced that it has appointed Chase Plastics Services, Inc., a leading stocking distributor of more than 6,400 specialty and engineering thermoplastics, as its newest North American distributor of Solvay’s Algoflon L and Polymist PTFE Micronized Powders, said the producer on its site.
This family of polytetrafluoroethylene (PTFE) additives was specially developed to enhance the processing and end-use performance properties of host products and base resins. Effective January 1, 2017, the move takes advantage of Chase Plastics’ comprehensive North American sales coverage and more than 2,500 current customers to expand market access and technical support for these two high-performance PTFE powders.
"We are pleased to add Chase to Solvay’s PTFE team, and we look forward to working with them to meet the growing demand for Algoflon L and Polymist Micronized Powders from compounders serving multiple markets," said Chris Payne, Channel Partners Manager for North America at Solvay’s Specialty Polymers global business unit. "Our expanding and deepening distribution relationship with Chase further underscores our commitment to support the design goals and competitive growth of PTFE micronized powder customers in this fast-expanding regional market."
The addition of Chase Plastics will not affect Solvay’s Algoflon L or Polymist order fulfillment policies. Solvay will continue to accept and fill direct orders that meet the company’s established minimum order quantities. Small lot orders will be available through Chase Plastics.
Algoflon L and Polymist PTFE Micronized Powders are finely divided, low molecular weight powders that - even at low loadings – impart beneficial properties of PTFE to the host material including, enhanced wear, rub and scratch resistance, improved mold release, anti-stick performance and internal lubrication.
As MRC informed before, in early July 2016, Solvay completed the divestment of its shareholding in Inovyn (London), bringing to an end Solvay's chlorvinyls joint venture with Ineos. Solvay received exit cash proceeds amounting to EUR335 million (USD370.7 million). The dissolution of the jv follows regulatory clearances from the relevant authorities.
Inovyn was formed on 1 July 2015 as a jv between Ineos and SolVin, a subsidiary of Solvay. Solvay and Ineos signaled their decision to end their chlorvinyls jv in March this year.
Solvay, with a market share 27%, is the second largest PVC manufacturer in Europe, after Kerling with 29% of the market. Solvay is headquartered in Brussels with about 30,900 employees spread across 53 countries. It generated pro forma net sales of EUR12.4 bn in 2015, with 90% made from activities where it ranks among the world’s top 3 players.