Akzo Nobel to divest packaging resins.AMHEM, the Netherlands--(BUSINESS WIRE)--May 30, 1995--Akzo Nobel and Wellman Inc., Shrewsbury, New Jersey
Shrewsbury is a Borough in Monmouth County, New Jersey, United States. As of the United States 2000 Census, the borough population was 3,590. (United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. ), signed a letter of intent on the transfer of Akzo Nobel's packaging resin resin, any of a class of amorphous solids or semisolids. Resins are found in nature and are chiefly of vegetable origin. They are typically light yellow to dark brown in color; tasteless; odorless or faintly aromatic; translucent or transparent; brittle, fracturing business. This activity concerns Akzo Nobel Akzo Nobel is a multinational company, active in the fields of healthcare products, coatings and chemicals. Headquartered in Amsterdam, the Netherlands, the company has activities in more than 80 countries, and employs approximately 62,000 people. production facilities in Emmen (the Netherlands), employing approximately 60 people. Packaging resins are polymers which are primarily used for the production of PET bottles. This acquisition enables Wellman to start its expansion strategy in this field in Europe. Wellman is a US-based company with sales of nearly US$ 1 billion and 3,600 employees. The company is engaged in the production and sales of polyester polyester, synthetic fiber, produced by the polymerization of the product formed when an alcohol and organic acid react. The outstanding characteristic of polyesters is their ability to resist wrinkling and to spring back into shape when creased. textile fibers with worldwide capacity of 470,000 tons at production sites in the United States and the Republic of Ireland. At its U.S. production site Wellman also produces 115,000 tons of packaging resins. Wellman is also the world's largest recycler of PET bottles. Akzo Nobel, headquartered in the Netherlands, is one of the world's leading companies in selected areas of chemicals, coatings, healthcare products, and fibers. More than 70,000 people in over 50 countries make up the Akzo Nobel workforce. CONTACT: Akzo Nobel Inc., Chicago Nick Sommers, 312/906-7500 |
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