As a result of setting up of ChemicaInvest, a JV between CVC Capital Partners and Royal DSM, ChemicaInvest which is the new owner of DSM Acrylonitrile B.V. has renamed it as Anqore B.V.
“Anqore is a Netherlands based producer of acrylonitrile (ACN) and other related products such as hydrogen cyanide, sodium cyanide and acetonitrile since 1969,” a press release stated.As a result of setting up of ChemicaInvest, a JV between CVC Capital Partners and Royal DSM, ChemicaInvest which is the new owner of DSM Acrylonitrile#
Anqore products are essential building blocks for high-performance materials, functional materials and ingredients for food and pharmaceuticals.
Over the past 46 years the company has invested continuously in capacity expansion, process improvements and maintenance.
Its plant has an acrylonitrile nameplate capacity of 280 kilo tons per annum distributed across two production lines.
In 2014, Anqore employed 150 people and had pro-forma sales of about €450 million and as of July 31, 2015 is a subsidiary of ChemicaInvest.
CEO Pieter Boon said, “Building on 46 years of experience, Anqore remains dedicated to providing safe and secure supply of our products to our customers.”
“Anqore employees are geared to bring our customers; excellent performance in safety, health, environment and quality, reliable day-to-day and long term supply of products, and a unique logistical performance.”
On July 31, 2015, CVC and DSM announced that they had finalised their partnership for DSM's activities in Polymer Intermediates like caprolactam and acrylonitrile and also Composite Resins.
These activities have been brought under the ownership of ChemicaInvest, which is 65 per cent owned by CVC and 35 per cent by DSM.
In 2014, ChemicaInvest's activities comprised 1,950 employees, pro-forma third party sales of €2.1 billion and pro-forma EBITDA of €106 million. (AR)
Fibre2Fashion News Desk – India
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