Polyplastics Co.

Daicel Corporation completed the acquisition of the remaining 45% stake in Polyplastics Co., Ltd. from Celanese Sales Netherlands B.V. for approximately ¥170 billion on October 9, 2020, making Polyplastics a wholly owned subsidiary.

Celanese Corporation completed the sale of its 45% equity investment in the Polyplastics joint venture to Daicel Corporation for $1.575 billion in an all-cash transaction.

Polyplastics announced plans to build a 20,000 t/y cyclic olefin copolymer (COC) production plant in Leuna, Germany, operated by subsidiary Topas Advanced Polymers. Startup is scheduled by mid-2023.

Celanese Corporation agreed to sell its 45% equity stake in the Polyplastics joint venture to Daicel Corporation for $1.575 billion in cash, giving Daicel full ownership.

Polyplastics USA incorporated Topas Advanced Polymers USA by merger, adding cyclic olefin copolymers to its portfolio. The operations will be consolidated at Polyplastics USA's headquarters in Farmington Hills, Michigan.

Polyplastics Co. has decided to increase its equity stake in Topas Advanced Polymers GmbH (TAP) from 45% to 51%, making TAP a subsidiary. The transaction is subject to competition authority clearance and is expected to become effective on April 1, 2017.