Due to environmental regulations and the strive to protect indoor air quality, architectural trim paints have seen a gradual shift from solvent borne alkyds to waterborne technologies over the years.
Allnex, a leading international supplier of resins backed by investor Advent International, today announced that Nuplex Industries, a global manufacturer of resins, and Allnex have now been brought together to form one company.
Nuplex’s new powder system for matt coatings, Setapoll SP361/Setapoll SP248 delivers especially low gloss, giving formulators the flexibility to achieve gloss levels that are lower than ever before.
Shareholders of Nuplex today voted to approve the company’s combination with Allnex during a special meeting of shareholders held in Auckland, New Zealand.
Over the past five years, Nuplex has made significant progress strengthening its operations, developing its R&D pipeline, and transforming itself into a global, dedicated resins business.
After operating in Asia for more than 15 years, Nuplex now has one of the most extensive coating resins manufacturing networks in the region, with seven sites located across China, Indonesia, Malaysia, Thailand and Vietnam.
Today, after seven years and many hours of research and development, Nuplex has launched Acure™.