LLP, a subsidiary of the European Solar Group, decided to sell the Elix polymer business to Sinochem International Co., Ltd. for 195 million euros. Elix polymer is ABS (acrylonitrile-butadiene-styrene) resin and derivatives from Europe. Produced by leading manufacturers. Although the two parties have signed an agreement on sales, the transaction still needs to wait for the approval of the regular regulatory authorities.
Elix Polymers is headquartered in Tarragona, Spain. Its products are widely used in medical, automotive, consumer goods and other fields.
In 2012, a subsidiary of the European Solar Group took over Elix. Since taking over, under the direction of the European Solar Partner LLP, Elix has experienced a shift from a production-centric unit to a market leader in providing first-class products and services. Elix has taken a series of steps to increase productivity, introducing the latest management technology “lean manufacturing” and business breakthroughs, which have greatly improved productivity and achieved record customer satisfaction levels, pushing sales to the sales A high level.
“We are very pleased with the progress made by Elix Polymers during the Sun’s ownership and we hope they will continue to succeed under new ownership,” said Parson, General Manager of the European Sun Partner. “Spain is an attractive market for the Sun Group and we are actively seeking further investment in the country.”
Elix CEO Wolfgang Dolin commented: “This is an exciting next step for Elix, because we want to build on the ownership of the Sun Group to help us develop a more solid platform.” Elix The strength lies in continuous improvement, innovation, state-of-the-art technology, high-level sales and technical marketing department experience, and the Elix Polymer Human Resources team of professionals.