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INEOS and MSM Poly Sign MOU to Support Resin Production

United States: INEOS Barex AG, a Switzerland based wholly owned subsidiary of INEOS and is also parent company of INEOS Barex LLC USA, which is involved in Barex® resin production. INEOS Barex AG, INEOS Barex USA LLC and MSM Poly LLC, a US based manufacturer of Acrylonitrile methyl acrylate copolymer (AMAC) latex, entered into a non-binding agreement on 19th July, 2016 for sale of intellectual property and production support related to Barex® product line to MSM Poly LLC. As per the Memorandum of Understanding (MOU) signed between these companies, MSM will purchase all existing IP from INEOS along with specific physical assets, commercial/operational support and supply of Barex® resin. INEOS Barex AG had announced discontinuation of its AMAC production business marketed under trade name of Barex® on 28th October, 2014, following which MSM was formed to meet the demand of contracted Barex® customers and make it available in the market post complete exit of INEOS. 

TechSci Research depicts that this agreement will cater to the existing Barex® resin users and would also help sustain the brand name across the country, thereby contributing to the demand for AMAC resins in the global masterbatch market.

According to the recent report published by TechSci Research,Global Masterbatch Market By Type, By End User, By Region, Competition Forecast and Opportunities, 2011 – 2021”, global masterbatch market size is estimated to cross $ 16 billion in 2016. Growth in the market is anticipated on account of continuously increasing demand from major end use industries, such as packaging, food processing, building & construction, and automotive industries. Moreover, masterbatch consumption in packaging has increased significantly across the globe over the last five years due to rising popularity of small pack sizes, expanding sales and distribution network of plastic processors and plastic products, as well as growing use of flexible packaging market.

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