International Process Plants (IPP) has acquired a low density polyethylene (LDPE) resin production plant in Europe.
The plant produces resins that are used for polyethylene film applications, extrusion coating and injection moulding.
Products made by the process include coating packages for food, injection mould-produced container caps and closures and carriers in masterbatch and compounding applications.
The plant has three production lines that can produce up to 4.5t of resin an hour. IPP believes this will result in an annual capacity of approximately 110,000t.
The lines can produce over ten different LDPE granules, which have melt indexes ranging from 0.3 to 65dg/min.
The plant is available to be relocated and operated elsewhere.
IPP director of plants Michael Joachim said that the manufacturing process could be modified with an additional investment to produce ethylene vinyl acetate (EVA) polymers.
"This plant represents an opportunity for polyethylene manufacturers in top LDPE-producing regions like the US, Western Europe, the Middle East and China to capture more of the growing global demand," Joachim added.
The plant has potential for producers and consumers of EVA also.
IPP is a self-funded global buyer and seller of surplus manufacturing facilities, process plants, industrial real estate and individual equipment that is no longer needed by its original owner.
Image: The manufacturing plant has three polyethylene lines producing up to 4.5t per hour. Photo: courtesy of PRNewsFoto/International Process Plants.