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MarketScreener Homepage  >  Equities  >  Xetra  >  Brenntag AG    BNR   DE000A1DAHH0

BRENNTAG AG

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Brenntag : 08/13/2019 Brenntag EMEA to distribute Sipchem Meras PBT

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08/13/2019 | 05:42am EDT

Brenntag (WKN A1DAHH), the global market leader in chemical distribution, is distributing Meras™ PBT of Sipchem, Saudi Arabia, to its customers in Italy, France, Austria, Switzerland and most of Germany with immediate effect.

Sipchem Meras™ PBT (Polybutylene Terephtalate) is a highly crystalline engineering thermoplastic with excellent mechanical and electrical properties. It can withstand temperature up to 150°C continuously. Thanks to the latest polymerization technology, Sipchem Meras™ generates intrinsically lower level of THF (Tetrahydrofuran) than competitor PBT and opens up new opportunities in sectors wherever low level of migration are necessary. Besides the standard unreinforced, low warpage, glass fiber reinforced grades, one particular grade, Sipchem Meras™ HR 150 TG30 in black, exhibits an high elongation at break and outstanding electrical properties such as CTI of 500V. Sipchem Meras™ can be used as an insulator in the electrical and electronics industries, in the automotive industry (latches, electrical system, mirror housings, handles, fuel system) and in a wide range of industrial and consumer goods (e.g. shower heads, irons, kitchen device).

'With this new cooperation, Brenntag EMEA Polymers extends its portfolio of engineering polymers with an excellent product to provide better service and additional value to our large customer base in various application areas', says Susanne Schnaufert, Marketing Manager Polymers Brenntag EMEA.

'We are very pleased to partner with Brenntag for the distribution of our new product range Meras™. Their strong sales organization and market knowledge will support Sipchem Meras™ market penetration and enhance further our customer service. We are looking forward to this cooperation and perceive it as an important milestone for our ambitious growth', declares Eric Bouchardy, Head of Sipchem Europe SA.

About Sipchem:
Sipchem is one of the largest companies in the petrochemical sector in the Kingdom of Saudi. Since its modest roots began in 1999, Sipchem is now a globally recognized chemical company. After the merger with Sahara Petrochemical Company in June 2019, Sipchem has extended its products portfolio. Sipchem historically recognized as one of the world's leading producers of Methanol, Butanediol, Tetrahydrofuran, Gamma Butyrolactone, Maleic Anydride, Acetic Acid, Vinyl Acetate Monomer, Ethyl Acetate, Ethylene Vinyl Acetate and Polybutylene Terephtalate, is now enriching its products portfolio with Polyproylene, Caustic Soda, Ethylene Dichloride, Ethylene, HDPE, Butyl Acrylate, n-Butanol, Butyle Acetate and Acetic Anhydride. The new Sipchem entity (Sahara International Petrochemical Company) has combined assets worth more than USD 5.9 billion, ranking second after the kingdom's biggest petrochemical firm SABIC (Saudi Basic Industries).

Disclaimer

Brenntag AG published this content on 13 August 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 August 2019 09:41:02 UTC

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Financials (EUR)
Sales 2019 12 969 M
EBIT 2019 733 M
Net income 2019 462 M
Debt 2019 1 863 M
Yield 2019 2,72%
P/E ratio 2019 15,7x
P/E ratio 2020 14,7x
EV / Sales2019 0,69x
EV / Sales2020 0,65x
Capitalization 7 039 M
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