Solvay completes acquisition of Gharda
Expansion into ultra high performance polymers in India & U.S.
The Solvay group announced that it has successfully completed the acquisition of the polymers Division of Gharda Chemicals in India. Earlier this year, Solvay finalized the acquisition of the US-based start-up company Mississippi Polymer Technologies (MPT). The two operations mark the expansion of Solvay into the upper segment of the specialty polymers business.
According to the company, the acquisition of Gharda 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. The Polymers Division of Gharda Chemicals, which has annual sales of more than USD 10 million, operates an R&D center and production plant in Panoli, Gujarat State.
Solvay plans to manage both acquisitions within its Solvay Advanced Polymers, L.L.C. operating unit headquartered in Alpharetta, Georgia. Additionally, Solvay will invest in Gharda Polymer's strategic location and develop it into a global center for the production of specialty polymers and other innovative materials. As a first step in this direction, Solvay Advanced Polymers is finalizing plans to expand PEEK production at the Panoli site as part of a broader push to establish a strong market position as a supplier of PEEK.
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