Ashland to bring European Modar resins production in-house
Ashland Performance Materials, a commercial unit of Ashland Inc., has announced it will transfer the European production of its Modar® modified acrylic resins into its wholly-owned manufacturing facility in Sauveterre, France.
The decision comes after a recent announcement by Ashland’s joint venture with Süd-Chemie (Ashland-Avèbéne) to close a facility where Modar resins were being manufactured for the European market. Additional Modar resin inventories are being manufactured and will be available to adequately supply customer demand during the transition period. The closure, which takes effect at the end of July, represented an opportunity for Ashland to bring Modar resin production to its company-owned facilities.
“This decision strengthens our ability to supply Modar resin products to the EMEA markets,” said Stefan Osterwind, commercial director, Europe, Ashland Performance Materials. “With the transition of production in-house, we will now have even greater oversight of quality control processes and service levels provided to our customers. As a global leader, we are constantly looking at the future needs of the composites industry, and our goal is to efficiently deliver the best quality product to our customers in this region and around the world."
Ashland expects the transfer of production in-house to be completed by this fall.
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