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On April 14, Aiken, an overseas company affiliated to China Bluestar (Group) Co., Ltd., announced that it had completed the acquisition of Guangdong Polymer Technology Co., Ltd. The acquisition will be conducive to bringing into play the synergy effect of the two companies in silicone product technology and terminal market, and lay a solid foundation for the professional development of Elkem in China and even in the world.
Michael Koening, chief executive of ekon, said:
"The acquisition of polymerization technology is an important milestone for Elkem, which is in line with the company's special product development strategy, enhances the technical strength of downstream special silicone, and expands the competitive advantage of Elkem. At the same time, the current macro environment highlights the value of multinational manufacturers of special materials. We will also pay close attention to the development trend of global epidemic situation and flexibly adjust strategic policies to protect the business development of the company.
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Frederic Jacquin, global senior vice president, organic silicon business unit of Ekin, said:
"Polymerized technology products are complementary to Eken in the fields of food, infant care, electronics and medical treatment, and have great potential in the market position of special materials of high-end liquid silicone rubber and pressure-sensitive adhesive. The strong R & D capability of aggregation technology is crucial for product development in China and the global market. This capability is extremely beneficial to the company in the macro environment under the current epidemic crisis. The vast majority of aggregation technology's business is not negatively affected by the epidemic.
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Ma Hanyong, general manager of polymerization technology, said:
"It's a great pleasure to join the blue star Elkem family. We are confident to further promote business development, bring more value to customers, contribute to the overall development of ekan and jointly create a better future with the help of ekan's global platform.
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As one of the world's advanced suppliers of silicon-based materials, Elkem has a global production center, R & D base and sales network. Its business involves the entire value chain, and it has a leading market position in silica, quartz, special organosilicon, as well as various casting products and carbon materials.
Polymerization technology is a leading manufacturer of silicone elastomer and resin materials in China. Headquartered in Zhongshan City, Guangdong Province, it has two factories and a research and development center, with more than 350 employees. Its total operating revenue in 2019 is 624 million yuan.
Source: ekon silicone
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