SIPCHEM and RESINEX GROUP to market new EVA in Europe

SIPCHEM`s Company IPC (International Polymers Company) manufactures the EVA products in their new plant in Al-Jubail (KSA). The License has been provided by ExxonMobil to produce a high variation of tubular EVA products for Packaging Films, Foams, Wire & Cable along with other applications. RESINEX will offer the 5 to 22% VA grades across Europe as part of their structured sales approach by market segments. Olaf Wetzel, European Product Manager Polyethylene at RESINEX added “We are happy that SIPCHEM has chosen RESINEX as their partner for their first polymer project. SIPCHEM EVA complements our current product offering to the market.

We will be able to allow customers to profit from a new important player in the EVA market and consolidate and optimize the supplier contacts.” The 200 KT plant in Saudi Arabia is expected to ramp up soon.

About RESINEX: With 500 employees, over 500 kT of Polymers sales and a turnover in excess of 1 Billion Euro, RESINEX is one of most diversified Pan-European Plastic and Rubber Distributors. RESINEX is part of the Ravago Group, the number one global service provider to the Plastic and Rubber industries and the leading polymer supplier covering majority European countries, Turkey and FSU with a broad network of sales offices and local warehouses combined with a central logistic department and warehouse in Belgium. RESINEX has European strategic partnerships with leading polymer producers along with full access to the compounding facilities of Ravago, including prime branded and industrial and recycled compounds of Engineering and Commodity Polymers including thermoplastic elastomers. www.resinex.com.

About SIPCHEM:  Established in 1999, Saudi International Petrochemical Company (Sipchem) manufactures and markets methanol, butanediol, tetrahydrofuran, acetic acid, acetic anhydride, vinyl acetate monomer, as well as carbon monoxide through its various affiliates. It has been listed on Saudi Stock Market since 2006. It serves its customers in the construction, solvents, automotive, electronics, polymer, coatings, and pharmaceutical industries that help improving the lives of people worldwide.  Following its success during the last decade, Sipchem continues its journey of progress by launching several down-stream projects to manufacture Ethylene Vinyl Acetate, Low Density Polyethylene, Ethyl Acetate, Butyl Acetate, Cross Linkable Polyethylene, and Semi conductive Compound that are scheduled to start in 2014. www.sipchem.com