Houston headquartered plastics and chemicals major, Westlake Chemical Corporation, proclaimed acquiring of the plastic processing and recycling company, Dimex LLC, on September 8.
Dimex with its twenty-five years’ experience in producing recycled products and its expertise in manufacturing circular Poly Vinyl Chloride (PVC) and Thermoplastic Elastomer (TPE), is distinctively positioned to deliver technological and distribution facilities to meet the demands for eco-friendly products. Dimex produces a variety of consumer products that includes industrial and home mattings, marine dock edging and masonry control joints. By acquiring Dimex, Westlake aims to expand its recycled plastic product portfolio to suffice the escalating demand for robust and sustainable goods among the masses.
Virgin Poly Vinyl Chloride is a durable and moisture-resistant plastic that is mostly used in making drainage pipes, window ledges, medical equipment, cables, and wires. On the other hand, the recycled form of Poly Vinyl Chloride due to its reduced purity is used in manufacturing pipes, cables, mattings, decking and fencing, speed cones etc.
As per ChemAnalyst, recycled consumer goods are gaining immense popularity in the US owing to the increasing awareness of people towards the extent to which plastic wastes are responsible for creating an imbalance in our ecosystem. The government is also devising laws and supporting development strategies that reduce environmental pollution.
In view of the surging demand for recycled poly vinyl chloride and related plastic products, the acquisition of Dimex will prove to be a profitable venture for Westlake, as it will not only expand its customer base but also establish Westlake’s brand value in the market for circular products. With this, the supply of recycled poly vinyl chloride is also expected to improve in the local and international market.