Acquisition of the Turkish group Emaş
Sumika Polymer Compounds Europe announces the acquisition of the Turkish group Emaş
Sumika Polymer Compounds Europe, a major player in polypropylene compounds, a subsidiary of Sumitomo Chemical announces that it has signed an agreement for the acquisition of the Turkish group Emaş. Sumika, the specialist in high performance polypropylene short glass fibre marketed under the name of Thermofil®, acquires 3 new compounding sites and is setting up in a region of strong economic development.
The Emaş Group founded in 1978 by the Alkan family is a predominant player in the compounding market in Turkey. It consists of the Almen entity in Gemlik, the Akce Plastik entity in the Izmir region, and Emaş Plastik in Bursa and has extensive PP compounding expertise.
Through this operation, Sumika Polymer Compounds will be able to offer the Turkish market its know-how in high-performance fiberglass PP (Thermofil®). Emaş will contribute to the growth of the group given its position as a Turkish leader and its experience in mineral and recycled PP. There is no doubt that the combined know-how strongly complements common applications in the automotive and household appliances sectors.
“This is an extremely positive development for Sumika Polymer Compounds Europe, which is increasing its production capacity to 140,000 tonnes a year. In addition, this acquisition is in line with the logic of our group to expand globally by bringing to 14 the number of our compounding sites in the world. Thus we can guarantee to our customers a strong service offering and reproducible products all over the world” says Ludovic Seynave, President of the Sumika Polymer Compounds Europe Group.
Sumika Polymer Compounds plans to invest in the production equipment of its future sites in Turkey so as to quickly offer its entire range of high-end PP fiberglass in this region. This future-oriented operation will allow Sumika to consolidate its position and develop its know-how. Commercial and technological synergies will enable the group to develop sales in Turkey and around the Black Sea.
M. Murat Alkan (left) and M. Ludovic Seynave (right)