Teknor Apex establishes European entity for compounding businesses

Teknor Apex Company has established Teknor Apex Europe Ltd. as a holding company for its custom compounding units in Europe. As an initial step, the company has formed the first of these units, Teknor Apex UK Ltd. to serve customers in all countries of Europe. The initiative, effective April 1, 2008, is the latest step by Teknor Apex in an extensive program of international expansion and diversification. Teknor Apex UK will begin small-lot manufacturing of thermoplastic elastomers (TPEs) during the first half of this year, with startup of a new compounding line at a Teknor Apex facility in Oldbury, UK that is already used for engineering thermoplastics (ETPs). The company plans to initiate a program to expand representation through a network of agents ultimately covering all of Europe. Other Teknor Apex initiatives in recent years include the acquisitions of Singapore Polymer Corporation and Chem Polymer and the establishment of Teknor Apex Suzhou, with a new grassroots manufacturing facility in China.
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