The durable, lightweight materials can replace wood, fiberglass, metal and solid polymer sheet in automotive interior applications without sacrificing stability, strength or aesthetics.
The project aims to divert post-use flexible packaging from becoming litter or entering a landfill, while also creating more durable, longer-lasting roads.
According to the 2019 Automotive Tooling Barometer, tool shop owner sentiment dropped to 62%, the lowest point recorded since measurement started in 2016.
The acquisition brings Parkway’s North American footprint to 11 operations and increases its thermoplastic molding options from five to seven manufacturing facilities.
The acquisition is in line with the MOL Group 2030 Strategy’s objective to extend its petrochemical portfolio with higher value-added products, enabling MOL to strengthen its position as an automotive supplier.
The continuous system enables sheet to be extruded as part of the compounding process, eliminating the need to create pre-compounded resins prior to extrusion.
