Daicel: MD buys the business
Friday, May 4th, 2001The US and European plastics operations of Japan’s Daicel Chemical Industries have been bought by a company headed by Daicel’s British managing director. They have been taken over by Clayfield Management whose managing director, Keith Carrington, is also managing director of Daicel Polymers in England and president of Daicel Polymer Compounds in the USA. Daicel is Ticona’s partner in Polyplastics in the Far East, and has substantial chemicals interests outside plastics. It is currently undergoing a rationalisation to concentrate on its core businesses.
The operations bought by Clayfield have been renamed PlastxWorld and will form the basis of an engineering plastics compounding business as well as continuing to make and sell the Daicell Cevian (ABS and SAN) and Novalloy (engineering alloys) ranges in North and South America, Europe, the Middle East and Africa. Over the coming months PlastxWorld will introduce its own range of polymers and compounds.
Clayfield also owns the PolymerMarketPlace.com internet portal and will add a website for PlastxWorld offering on-line data sheets, quotations, colour match requests and order placement.
