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Alphagary to Acquire India-Based Shakun Polymers
Friday 14 May 2021

Massachusetts, US-based speciality polymer compounds manufacturer Alphagary has agreed to acquire majority share ownership of India-based compound producer Shakun Polymers Private Ltd., serving wire and cable markets in the Indian subcontinent, the Middle East, Southeast Asia and Africa, the company said.

Terms of the transaction were not disclosed.

With its investment, Alphagary is expanding its product and regional footprints as Shakun will continue to provide next-generation materials designed to meet the high safety and performance standards in Asia and Africa's markets.

As a direct complement to Alphagary's speciality product offerings that support a connected world, Shakun's product development focus is on halogen-free, flame-retardant compounds and PVC-based compounds for data and power cables.

Shakun's semi-conductive and cross-linkable compounds expand Alphagary's portfolio, offer a growth platform and meet customer requirements.

Alphagary (Mexichem Speciality Compounds), a division of Orbia's Polymer Solutions business group, designs and manufactures compound blends and alloys from a range of polymers including PVC, TPE, Olefin, and Urethane.

Orbia operates in the polymer solutions, building and infrastructure, precision agriculture, data communications and fluorinated solutions sectors.

The company has commercial activities in more than 110 countries and operations in over 50, with global headquarters in Mexico City, Boston, Amsterdam and Tel Aviv.

Shakun Polymers Private Ltd. operates in the field of compounding for the wire and cable industry.
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Date Published: 14/05/2021

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