allnex is becoming part of PTT Global Chemical Public Company Limited(GC).Becoming a part of GC will afford allnex the opportunity to further expand its presence in emerging markets through additional investments.GC is a strategic long-term investor and will improve allnex'reach to the Asia Pacific region,while at the same time GC can benefit from allnex'existing global footprint.With its leading green technology portfolio and R&D network,allnex will support GC's commitment to environmentally friendly innovations and advanced technologies.Together,allnex and GC will address key sustainability challenges in the global market.GC is a multinational chemical company based in Thailand.Its portfolio includes the manufacturing and distribution of upstream,intermediate,and downstream petrochemical products for industries such as packaging,textiles and automotive.The company is a subsidiary of PTT Group.GC is committed to strengthening its leading position in the chemicals business by combining environmentally friendly innovations with advanced technologies.allnex has been supported by and partnered with Advent in the past few years and Advent's sale of allnex is expected to close in Q4 2021,subject to regulatory approvals.
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