MILLENNIUM PLASTICS
US company acquires European technology developer / Degradable PVOH
Millennium Plastics Corp. (6265 Stevenson Way, Las Vegas, Nevada 89120 / USA), a US company founded in 1999, has acquired Solplax Ltd. (Carrigeendaniel, Tralee, County Kerry, Ireland) in its entirety. Millennium has already held exclusive worldwide rights to the Irish company´s patented technology for water-soluble and biologically-degradable polyvinyl alcohol (PVOH) since May of this year. The acquisition is being performed through an exchange of shares.

The PVOH produced is claimed to be usable in a wide variety of forms. According to Millennium, both solid parts, such as cutlery, and a variety of sheet applications are feasible. The US company sees customer markets in virtually all sectors of industry. The material is said to be a mixture of PVOH, polyvinyl acetate, plasticiser and stabilisers, and processable at above 150°C. A special coating guarantees durability until the material dissolves in water after a defined product service life. Complete biocompatibility is guaranteed during degradation. “Solplax” is also particularly suitable for applications requiring heat resistance.

Millennium sees the acquisition as considerably enhancing its worldwide marketing basis. A degradable material based on PVOH was already presented by an English company last year.
19.10.2000 Plasteurope.com [17116]
Published on 19.10.2000

© 2001-2024 Plasteurope.com  |  Imprint  |  Privacy  |  Cookie settings

Plasteurope.com is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2024 by Plasteurope.com, Bad Homburg
Date of print: 18.07.2024 06:56:00   (Ref: 62467872)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: http://www.plasteurope.com/news/detail.asp