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Business
Kaneka Buys Evonik Businesses
by Jean-François Tremblay
July 4, 2011
| A version of this story appeared in
Volume 89, Issue 27
Japan’s Kaneka has agreed to buy two plants in Wesseling, Germany, from Evonik Industries. The plants employ 30 people and make acrylate-based plastic modifiers and plastisols. Kaneka says it already makes and sells modifiers in Asia, Europe, and the U.S. but is seeking to further boost its European business. Acrylate modifiers aid processing or modify impact characteristics of polyvinyl chloride resins and engineering plastics. Plastisols are PVC substitutes used in the underbody of cars and in sealants.
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