DOMO
“Technyl” name to go global when non-compete clause with BASF ends in 2022 / New customer support platform
Domo Chemicals (Leuna / Germany; www.domochemicals.com) is looking ahead to February 2022, when it will be able to use produce and commercialise all of the PA 6 and PA 6.6 polymers it picked up in the acquisition of Solvay’s (Brussels / Belgium; www.solvay.com) performance polyamides business globally under the “Technyl” brand (see Plasteurope.com of 02.12.2019). The company already claims to be the leading back-integrated supplier of the engineering plastics in the European Economic Area and Switzerland. At present, however, it is not able to use the well-known brand name in other markets due to a two-year non-compete clause with BASF (Ludwigshafen / Germany; www.basf.com).

The Ludwigshafen chemicals and plastics giant acquired the bulk of Solvay’s polyamide assets for EUR 1.3 bn, but due to concerns about market dominance, the European Commission obliged Solvay to divest its European PA assets separately (see Plasteurope.com of 14.08.2019). The EUR 300m deal with Domo, which included production, sales, technical support, R&D and innovation services in France, Germany, Italy, Poland, and Spain, along with 100 employees, was completed on 31 January 2020.

“We believe in the future of the Technyl brand and will expand its availability for our customers globally from February 2022,” said Ludovic Tonnerre, VP of Domo’s engineered materials arm. To enhance customer support, the East German company plans to launch a central product platform providing a single source for customers using its Technyl, “Domamid”, “Economamid” and “Thermec” products. The new platform, it said, will help customers select materials while supporting innovation and accelerating time to market.
25.01.2021 Plasteurope.com [246778-0]
Published on 25.01.2021

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