Polyplastics Completes Acquisition of German Monomer Supplier for LCP
TOKYO, Sept. 5, 2012 /PRNewswire/ — Polyplastics Co., Ltd. announced on September 4 the completion of the acquisition of 100% ownership of LCP Leuna Carboxylation Plant GmbH (“LCPG”), a German supplier of p-HBA (p-hydroxybenzoate, a key monomer for liquid crystal polymer), from Infatrade (UK) Ltd., London.
The liquid crystal polymer (“LCP”) is one of the super engineering plastics and has excellent properties such as heat resistance, dimensional stability, flowability and moldability. In recent years, LCP is mainly applied to key electronic parts of cutting-edge IT devices such as smart phones and tablet computers. Thanks to their booming popularity, an exponential increase in demand is expected. Polyplastics is the leading manufacturer of LCP and has the biggest production capacity in the world. Polyplastics believes that the acquisition will help strengthen the technical advantage of its LCP business through the research and development process to the production process, i.e., from raw material monomers to finished resin products, and will enable a stable supply of higher-quality products to customers.
Regarding the business operation of LCPG, the present LCPG management team will carry on the business with existing valued customers as before. Furthermore, LCPG will maintain the responsibility for supply of p-HBA and related products with required investments in quality improvement and expansion of productivity.
Profile of LCPG
Company name: LCP Leuna Carboxylation Plant GmbH
Location: Leuna, Land Sachsen-Anhalt, Germany
Established: January 2005
President: Eli E. Klein
Business: Manufacture and sales of p-HBA and its byproduct, K2SO4
Sales: Approx. 15 million euros in 2011
About Polyplastics Co., Ltd.
President and CEO: Noboru Goto
Head office: Minato-ku, Tokyo, Japan
SOURCE Polyplastics Co., Ltd.