TIDMGPL
RNS Number : 7205K
Graft Polymer (UK) PLC
30 August 2023
For Immediate Release 30(th) August 2023
R&D and Supply agreement signed with Empresas Vilher,
Mexico, endorses the global reach of Graft Polymer expertise in
unique polymer product development
Graft Polymer (UK) plc (LSE:GPL) ('Graft' or the 'Company'), the
specialty chemicals company offering modified Polymer solutions for
refiners, compounders and processors announces the signing of a
Research and Development (R&D) and Supply agreement with
Empresas Vilher, S.A de C.V. ('Vilher'), a Mexican company that
specialises in Wood Plastic Composite, Plastic Recycling, and
High-Performance Compounds. The Company has been working with the
technical team from Vilher for several months on a variety of
modified polymer projects which has led to the execution of a
formal 12-month R&D and Supply agreement.
Wood Plastic Composite ('WPC')
WPC is made from waste wood (fibres or sawdust) and new or
recycled plastic, bonded together with a binding agent. Graft's
GRAFTABOND product is leading the field in trials in the PP, PE,
HIPS & TR polymer matrices. The global WPC market is projected
to grow from US$6.4bn in 2022 to US$15.3bn by 2030, a CAGR of
11.5%. (1)
Plastic Recycling
The use of recycled plastic in the construction industry
(buildings and roads) is a large, growing and lucrative market.
Recycled plastic is increasingly being used for roofing tiles,
indoor insulation, PVC windows, bricks, fences, floor tiles,
carpeting, ceiling tiles, etc. In order to activate the relevant
polymer groups to improve the characteristics of the recycled
plastic, different modified polymers are used. The Recycled Plastic
market is projected to reach US$55.9bn by 2026, growing at a CAGR
of 6.03%. (2)
High-Performance Compounds
The global plastic compounding market size was US$52.74bn in
2018 is projected to reach US$87.11bn by 2026, exhibiting a CAGR of
6.5% (3) during the forecast period from 2019-2026. The plastic
compounding market growth is driven by the rising use of these
products in various industries, including automotive, packaging and
electrical.
Graft CEO Victor Bolduev, said: "The constructive commercial
relationship between Graft and Vilher continues to grow. The
technical teams are working on some exciting projects together
which will hopefully lead to firm supply orders for our newly
commissioned facility in Borovnica, Slovenia."
Cesar Casillas, Managing Director of Vilher, added: "Graft's
pioneering polymer technology makes them a natural partner for our
work in the field of plastic recycling. Together, we have a great
opportunity to develop groundbreaking products for large
industries."
About Vilher
Empresas Vilher, S.A. de C.V., is a Mexican company, founded in
1990 by two chemical engineers, in Guadalajara, Jalisco. For the
plastics industry, Vilher, in alliance with 2 other companies (Gea
and Noverek), create Innecsus Group and together they develop and
offer ecological and sustainable solutions.
Graft and Vilher will be attending Plastimagen Mexico, the
pioneering industry event for the transformation of plastic, from 7
to 10 November, 2023, at Centro Citibanamex in Mexico City, booth
2754.
For further information, visit www.graftpolymer.com ,follow on
Twitter @PolymerLtd or contact:
Graft Polymer (UK) Plc
Roby Zomer, Non-Executive Chairman Via Flagstaff
Yifat Steuer, CFO
Turner Pope Investments Tel:+44 (0) 20 3657 0050
James Pope
Andy Thacker
Flagstaff Strategic and Investor Communications Tel + 44 (0) 207 129 1474
Tim Thompson graftpolymer@flagstaffcomms.com
Mark Edwards
Alison Allfrey
About Graft Polymer
Graft Polymer is a London Stock Exchange listed company (GPL.L)
with a cutting-edge, cash-flow positive, research and development
(R&D) and manufacturing facility based in Slovenia which has
already introduced more than 50 products to the market. The core
business of the Group comprises polymer modification and drug
delivery system developments. The Group has developed a proprietary
set of polymer modification technologies which uses recycled raw
materials and a closed loop system to reduce waste. Graft Polymer's
technology can improve existing products and processing
methodologies by enhancing performance, simplifying manufacturing,
reducing material consumption, widening the choice of feedstocks,
and reducing costs.
Graft Polymer has three divisions: polymer modification; IP for
Bio/Pharma applications including a drug delivery system (Graft
Bio); and the Group's food supplement division. A significant
milestone was reached in May 2022 when the Slovenian manufacturing
facility was granted a Hazard Analysis and Critical Control Point
(HACCP) Certificate. The HACCP Certificate allows it to enter the
lucrative Business-to-Consumer market and commercialise its IP for
bio/pharma applications, developing active pharmaceutical
ingredients and drug delivery platforms for use in the food
supplement market, thereby introducing a further revenue stream to
its business.
Environment, Social and Governance is at the forefront of the
Group's strategy and the facility in Slovenia has been granted ISO
14001 accreditation in recognition of the environmental management
systems in place to reduce waste. Graft Polymer only uses REACH and
ROHS certificated raw materials instead of toxic raw materials, and
its extensive R&D programme has also developed specialised
recycling polymer additives which increases the strength of
recycled blends and plastic products whilst also reducing plastic
waste by between 40 and 50 per cent.
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