INEOS Barex AG is to buy the Polyacrylonitriles Business from Mitsui Chemicals Inc

INEOS Barex AG has signed a binding agreement to acquire the Polyacrylonitriles (PAN) Business from Mitsui Chemicals Inc. The agreement brings together complementary capabilities of both businesses and secures the long term supply of PAN resin and Zexlon^™ film to customers across Asia.

CEO David Schmidt says: “The transfer of this business into INEOS Barex AG provides a very close strategic fit. The agreement is good news for all parties involved. Most importantly it will provide significant benefit to customers through ongoing, reliable access to Barex^®, PAN resin and Zexlon^™ film”.

INEOS Barex AG continues to invest in its Barex^® business to enhance product quality and expand available capacity to meet the growing needs of new markets in pharmaceutical, medical, cosmetic, and personal care packaging.

Barex^® is a specialised acrylonitrile-methyl acrylate copolymer that has both US Pharmacopoeia and FDA clearances for medical and pharmaceutical packaging. The chemistry behind Barex^® makes it readily convertible into film, sheet and bottles on standard equipment using extrusion, injection and calendaring techniques.