48
Polynt
is the European and American leader in the production
of intermediate and specialty polymers. The Group continues
to strengthen its leadership position in Western markets,
further expanding into new geographies and also successfully
recovering sales volume and profitability in this difficult
market environment. Following the acquisition of PCCR, the
North American coatings and composites resins business of
Momentive Specialty Chemicals, Polynt became a truly global
player with a manufacturing presence in Europe, Asia and North
America and a critical mass from which to further consolidate
the market. The North American acquisition is further evidence
of portfolio companies’ ability to implement international
expansion plans, both organically and through acquisitions.
In keeping with this transformation, in Q4 2014, Polynt,
through its subsidiary PCCR, completed the acquisition of CCP
Composites, a company specialised in composite resins, from
Total S.A., the French integrated oil and gas company, to create
Europe’s largest (world’s third largest) integrated specialty
chemicals company. Today Polynt has been repositioned to be a
global specialty player with a worldwide footprint and business
presence. In a challenging 2014 the Group continued to control
fixed costs and efficiency levels and increase exports into higher
growth regions.
The Polynt stand at
the JEC the world’s
largest composites
event in Paris
(France)
20
14
Portfolio Developments
//
ANNUAL REVIEW & SUSTAINABILITY REPORT
