FOR IMMEDIATE RELEASE
MSM POLY ACHIEVES MAJOR MILESTONES
- PROCESSORS SUCCESSFULLY CONVERT ANOBEX® RESIN INTO FILM AND COMPONENT PARTS
- TRUCKLOAD DELIVERIES BEGIN
- $USD 17.5 MILLION CAPEX ASSURES SUPPLY CHAIN SECURITY
MSM POLY recently completed shipments of several tons of material to film and component processors. The material processed well and was then sent to converters, who are currently sending samples to pharmaceutical end users. All results today demonstrate equivalence with the discontinued Barex® resin. This event marks a milestone in product quality and production security.
Pat Mickle, CEO of MSM POLY, noted that “these first commercial scale orders demonstrate the stability of MSM POLY’s production processes and quality program to meet and exceed requirements of pharmaceutical end users.” Many end users will now accelerate the approval process to use Anobex® in a wide variety of pharmaceutical applications. Supporting this effort, Steve Warakomski, MSM POLY’s CTO, noted the development of an equivalency portfolio to aid end users in the approval process.
Michel Rauturier, Managing Director at Plastiques Venthenat, a major producer of acrylonitrile methyl acrylate copolymer latex films based in France, noted that “the resin processed well and both in terms of initial testing of properties and performance shows equivalence with Barex®.”
MSM POLY’s initial CapEx of $5 million will increase to $15 million in 2018, and the company spent an additional $2.5 million in R&D to reach this milestone. Dan Mullock, COO at MSM POLY, noted “Now that we are producing commercial quantities, end user customers are rapidly confirming that our material is an equivalent, 'drop-in' replacement for Barex®. This milestone is important for regulatory and quality assurance programs, and for the security of the supply chain.” It marks the rebirth of a specialty polymer.
Capacity is being added so that by the 2nd Quarter of 2018 MSM POLY can produce sufficient quantities for the market. Additional expansion is expected as demand for the product increases.
MSM POLY currently offers processors Anobex® resin as pellets for film and sheet extrusion and injection molding as well as powder for calendering, coating, and compounding. The material is undergoing validation in Europe, North America, and Japan.