Genovique Specialties Corporation

Last updated
Genovique Specialties Corporation
Industry Chemical industry
Successor Eastman Chemical Company
Founded2007 (2007)
Defunct2010 (2010)
Headquarters,
United States
Owner Eastman Chemical Company
Website Official website

Genovique Specialties Corporation was a Rosemont, Illinois based chemical company formed in 2005 by Arsenal Capital Partners out of the Velsicol Chemical business unit, which manufactured benzoic acid, sodium benzoate and specialty plasticizers. [1] Its sites included Chestertown, Md., Kohtla-Järve, Estonia, and its joint venture in Wuhan, China. [2]

Rosemont, Illinois Village in Illinois, United States

Rosemont is a village in Cook County, Illinois, United States. Located immediately northwest of Chicago, as of the 2010 census it had a population of 4,202. The village was incorporated in 1956, though it had been settled long before that. While Rosemont's land area and population are relatively small among municipalities in the Chicago Metropolitan Area, the village is a major center for commercial activity in the region and is a key component of the Golden Corridor.

Velsicol Chemical Corporation is an American chemical company based in Rosemont, Illinois that specializes in chemical intermediates for applications such as agrochemicals. It was founded in 1931 by Joseph Regenstein and Julius Hyman.

Plasticizers or dispersants are additives that increase the plasticity or decrease the viscosity of a material. These are the substances which are added in order to alter their physical properties. These are either liquids with low volatility or solids. They decrease the attraction between polymer chains to make them more flexible. Over the last 60 years more than 30,000 different substances have been evaluated for their plasticizing properties. Of these, only a small number – approximately 50 – are today in commercial use. The dominant applications are for plastics, especially polyvinyl chloride (PVC). The properties of other materials may also be modified when blended with plasticizers including concrete, clays, and related products. According to 2014 data, the total global market for plasticizers was 8.4 million metric tonnes including 1.3 million metric tonnes in Europe.

In 2010 Genovique Specialties was purchased by Eastman Chemical Company.

Eastman Chemical Company, an American Fortune 500 company, is a global specialty chemical company that produces a broad range of advanced materials, chemicals and fibers for everyday purposes. Founded in 1920 and based in Kingsport, Tennessee, the company now has more than 40 manufacturing sites worldwide and employs approximately 15,000 people.

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References

  1. "Arsenal Completes Genovique Sale" . Retrieved 9 August 2012.
  2. "Eastman to Acquire Genovique Specialties, a Leading Producer of Non-Phthalate Plasticizers". Archived from the original on 21 November 2010. Retrieved 9 August 2012.