MOSCOW (MRC) -- Asahi Kasei Plastics North America (APNA), global compounder of of advanced engineered polymers and Asahi Kasei Asaclean Americas (AKAC), global supplier of purging compounds and concentrates, are merging effective April 1, 2023, said Canplastics.
The combined company will operate as APNA and be headquartered in Fowlerville, Michigan. The merged entity creates a plastics-focused powerhouse with customers spanning the automotive, industrial, and consumer industries. APNA’s broad portfolio now includes Xyron modified PPE, Thermylene chemically coupled PP, Leona nylon 66, 66+6i, Tenac homopolymer and copolymer POM, Thermylon nylons 6 and 66, and Asaclean purging compounds and concentrates.
Following the integration, the company will have over 350 employees with four locations in North America to support the diverse needs of customers in different segments. Said president and COO of APNA Todd Glogovsky, “The merger will provide significant internal and external benefits for our employees, customers, and communities. We expect to drive value creation and synergies between APNA and AKAC to leverage both companies’ strengths. We have a strong team with industry expertise to serve our partners’ needs while expanding our growth.”
The leadership at both APNA and AKAC see this merger as an opportunity to enhance their strategic growth plans while better-serving customers. Several opportunities have already been taken advantage of, such as the production of Asaclean products, new product commercialization, and warehousing of raw materials and finished goods. The goal is to improve the customer experience by providing both the production material and the materials that clean the resin in one place to reduce downtime and deliver efficiencies. By consolidating relevant resources, customers can streamline items such as invoicing and product support through one partnership.
Said Phani Nagaraj, v.p. of AKAC and after the merger, APNA’s v.p. of commercial operations, “This partnership benefits our mutual customers through areas such as connected customer service and technical support while maintaining the relationships that have been cultivated for years. From a product and customer experience standpoint, nothing changes. The Asaclean products will deliver the same quality and consistency that has been trusted for nearly 30 years.”
We remind, Asahi Kasei is set to start the sale of sustainable synthetic rubber materials after the company’s Synthetic Rubber Division earned the internationally recognised ISCC Plus certification in October. The company announced it would be marketing its ISCC Plus-certified Tufdene-branded solution-polymerised styrene-butadiene rubber (SSBR) and Asadene butadiene rubber starting in November. Both products are made using the mass-balance approach at Asahi Kasei Synthetic Rubber Singapore Pte. Ltd. and the Synthetic Rubber Plant of Asahi Kasei's Kawasaki Works.