BENVIC GROUP REACHES AN AGREEMENT WITH CELANESE FOR THE PURCHASE OF THE FERRARA MARCONI PLANT COMPOUNDING ASSETS

Ferrara, January 19, 2021 – Benvic Group, a European leader in the production of highly innovative PVC-based thermoplastic solutions and biopolymers, announces that it has reached an agreement with Celanese (NYSE: CE), a leading multinational in the production of chemical solutions and specialty materials, for the purchase of the compounding operations of the Ferrara Marconi plant and of certain assets dedicated to the worldwide production of Infill and Appliance PP and to the European Footwear business.
Entirely dedicated to compounding activities – which consists of the production of polymeric compounds – the divestment of the Ferrara Marconi site is part of Celanese’s strategy to create a European Compounding Centre of Excellence at the company’s Forli Italian facility.