INEOS Compounds announced today that it has entered into a licence agreement with Resysta International GmbH. Under the terms of the Agreement, INEOS will acquire the rights to the exclusive production and marketing of Active Resysta Filler (ARF) in Europe. ARF is the key raw material for the production of Resysta PVC Compound which is used in a wide range of wood replacement applications. The Resysta ARF will be initially manufactured at the INEOS Compounds site in Sins, Switzerland and is well placed to respond to the growing demand from customers in Europe.
Jonathan Stewart, COO of INEOS Compounds, said “the selection of INEOS Compounds by Resysta to be their partner of choice for the production and marketing of ARF in Europe is another milestone in the ongoing strategic partnership between the two companies. We are looking forward to working with Resysta to develop this fast growing sector by having a real alternative to tropical wood. This agreement is further evidence of INEOS compounds’ commitment to new innovation in PVC compounding and in particular to the fast growing wood polymer composite market.”
“Some miracles happen and some are invented”
Resysta succeeded where many failed by developing a weather- and water-resistant material which truly has the noble look and feel of wood. A standardized material which does not splinter or rot over time, obtained from a renewable resource, and which is fully recyclable. Even against salt water, sun and wind, Resysta carries on when other materials give up. This is the key innovation to what was needed to address the shrinking rainforests and the inferior quality of previous wood composite products. It has opened a new market to all PVC resin producers.
Bernd Duna, CEO of Resysta International, said “we are currently licensing our technology across the world, and have found in INEOS the perfect partner for Europe. By manufacturing the Resysta Compound locally, the products become even more environmentally friendly and more easily available. As a leading chemicals manufacturer in Europe, INEOS is ideally poised to manufacture to our high worldwide standard, and we look forward to continuing Resysta’s success story in Europe together.”
Part of the INEOS group of companies. INEOS Compounds is a PVC compound manufacturer with three sites located in the UK, Switzerland and Sweden. The business supplies specialised formulations of both rigid and flexible PVC compounds predominantly into the construction and medical sectors across Europe. (www.ineos.com)
Resysta International GMBH is located in Taufkirchen near Munich, Germany.
Founded in 2011, Resysta is a privately-owned technology company which is cooperating with leading industry partners worldwide to leverage the large potential of the unique Resysta material in its innumerable wood substitution applications. (www.resysta.com)