The Polish group Synthos, a world leader in the production of synthetic rubbers, finalized the acquisition of a plant in Schkopau, Germany, from Trinseo in early December. The total value of the transaction is $460 million. In total, the company plans to spend a record $1.2 billion on investments by 2025. At the same time, the company of Michał Sołowow announces a complete shift away from coal by 2028 and a 28% reduction in greenhouse gas emissions by 2030.
The investment of Synthos in Schkopau is one of the largest foreign transactions of a Polish private company in history, announced in May. For $450 million Sołowow took over the plant from Trinseo.
In recent years, Synthos also took over from the INEOS group of expanded polystyrene (EPS, which is used to produce polystyrene) in France and the Netherlands, and a plant in the Czech Kralupy.
“The acquisition of the plant in Schkopau is the largest transaction in the history of our company. Synthos will strengthen its position on the global synthetic rubber market, becoming the second largest producer in this segment,” says Michał Sołowow, owner of the Synthos group.