The Solvay Group has successfully completed the acquisition of the Polymers Division of Gharda Chemicals in India. The Polymers Division of Gharda Chemicals has annual sales of over US$ 10 million, and it operates an R&D center and production plant in Panoli, Gujarat. The acquisition provides the Solvay Group with outstanding capabilities for the development, manufacturing and marketing of a new range of specialty grades of ultra-performance polymers such as polyether ketone (PEEK), high-performance sulfone polymers and related monomers. Solvay plans to invest in Gharda Polymer's strategic location and develop it into a global center for the production of specialty polymers and other innovative materials. This is being initiated by finalizing plans to expand PEEK production at the Panoli site.
The acquisition follows Solvay's acquisition of the US-based Mississippi Polymer Technologies (MPT), the creator of the PARMAX®, a line of transparent, self-reinforcing polymers, which represent an exciting advance in the mechanical properties of engineering thermoplastics. The two acquisitions mark the expansion of Solvay into the most sophisticated segment of the specialty polymers business and provide Solvay with an unrivalled portfolio of high value specialty polymers as well as a strong foothold in one of the world's most dynamic economies. Solvay plans to manage both acquisitions within its Solvay Advanced Polymers, L.L.C. operating unit headquartered in Alpharetta, Georgia.
16-May-06 
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