Graft Polymer (UK) PLC New R&D and Supply Agreement with Gabriel Chemie (1191F)
06 Juli 2023 - 8:00AM
UK Regulatory
TIDMGPL
RNS Number : 1191F
Graft Polymer (UK) PLC
06 July 2023
6 July 2023
New R&D and Supply agreement with Gabriel Chemie drives
innovation and competitive edge
Graft Polymer, (LON:GPL) the specialty chemicals company
offering modified polymer solutions for refiners, compounders and
processors announces the signing of an R&D and supply agreement
with Gabriel Chemie for a year.
The two companies will cooperate in research, production and
marketing of dispersants for coloured and black masterbatches. This
will involve polymer powders, porous granules and liquids,
Gabriel Chemie has committed to purchase from Graft Polymer
their Graftalloy, Graftakit, Graftasynt, Graftalen and Graftabond
products as well as Graft Polymer Innovative Products (Graphene
Nanoemulsion, Grafted Fluoropolymers, Infused Nano Polymers etc)
that will be provided later in the year.
Being dynamic and innovative is central to Graft Polymer's
vision as a pioneering company in the field of polymer modification
technologies. The company is focused on expanding its product
ranges and global footprint, establishing partnerships to help it
compete effectively through cutting edge R&D and production
methods.
Commenting on the development, Victor Bolduev, CEO, said: "This
agreement is a significant milestone in creating a strong platform
from which to develop and enhance our product range. We are
building a number of partnerships with best in class companies and
I very much look forward to working with Gabriel Chemie who are a
standard for excellence in masterbatch production. This agreement
should take our R&D onto the next level with benefits for our
competitive positioning, evolving contract pipeline and ability to
deliver compelling cashflow to shareholders".
Andreas Berger, CFO of Gabriel Chemie added: "We are delighted
to be working with Graft Polymer, whose dedication to pioneering
polymer technologies sets it apart. I anticipate leveraging the
strengths of both companies and findings from this R&D work to
innovative advantage in the coming year, further honing Graft's
unique product offering".
About Gabriel Chemie:
Gabriel Chemie, based in Austria with subsidiaries in Germany,
UK, Hungary, Czech Republic, Poland, Italy, Spain and Russia, is
well established with over 600 employees and historical annual
revenues above EUR100m. They are one of Europe's leading producers
of masterbatch which is a solid or liquid additive used for
colouring plastics or imparting other properties. It gives the
colourless raw polymer vibrant colours, effects and functional
additives.
ENDS
For further information, visit www.graftpolymer.com ,follow on
Twitter @PolymerLtd or contact:
Graft Polymer (UK) Plc
Roby Zomer, Non Executive Chairman Via Flagstaff
Yifat Steur, CFO and Executive Chairman
Turner Pope Investments Tel:+44 (0) 20 3657 0050
James Pope
Andy Thaker
Flagstaff Strategic and Investor Communications Tel + 44 (0) 207 129 1474
Tim Thompson graftpolymer@flagstaffcomms.com
Mark Edwards
Alison Allfrey
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END
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