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Business
FRX raises funds for flame retardants
by Michael McCoy
October 9, 2017
| A version of this story appeared in
Volume 95, Issue 40
FRX Polymers has raised about $12 million in a funding round led by a major Chinese private equity fund. FRX says the money will be a bridge to an initial public offering of stock next year. Based in Chelmsford, Mass., FRX is developing halogen-free flame retardants based on polyphosphonates. It plans to use the funds to expand its staff and double capacity at its plant in Antwerp, Belgium.
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