The Istanbul engineering thermoplastic compounder made sales of approximately $20m in 2003

The Istanbul engineering thermoplastic compounder made sales of approximately $20m in 2003

PolyOne has acquired the remaining 13% share of its Turkish joint-venture company Tekno Polimer. Based in Istanbul, engineering thermoplastic compounder Tekno made sales of approximately $20m (E16m) in 2003 and handles polymer distribution through its subsidiary Polimeks. The joint venture dates back to 2000.

PolyOne said Tekno has a solid base in polyamide compounding and has developed compounding expertise based on PET recycling technology. It has become a centre of excellence for recycled products in PolyOne’s international engineered materials business.

PolyOne has two other European sites supporting the engineered materials business – Gaggenau in Germany and Barbastro in Spain.