Ansol Gulf acquires Dow Southern Africa’s New Germany plant

Located in New Germany, South Africa, the plant manufactures emulsion polymers and polyurethane chemicals

Press Release

August 3, 2024

PHOTO

Durban – Ansol Gulf (G.D. Portbury Ltd.), a subsidiary of the Anichem Group based in Dubai, United Arab Emirates, announced today the acquisition of a New Germany, South Africa, plant from Dow Southern Africa (Pty) Ltd, an affiliate of Dow (NYSE: DOW). The deal is effective 1 August, 2024.

Located in New Germany, South Africa, the plant manufactures emulsion polymers and polyurethane chemicals with a combined capacity of 23 KT.

Ansol Gulf sees this acquisition as a significant milestone in its growth strategy. "The New Germany plant strengthens our production capacity and reinforces our commitment to delivering high-quality products in Southern Africa and beyond," said Dr. T.R. Vijayan, Managing Director, Ansol Gulf.

The New Germany facility will be operating as Springbok Emulsion Polymers (Pty) Ltd. Ansol Gulf plans to invest in product development and the production capacity of the plant while ensuring continuity in supply of Dow’s products to the region and retain the staff employed.

Both companies are committed to a smooth transition, maintaining high standards of safety, quality, and environmental stewardship.

-Ends-

For further information, please contact:
Viji Vijayan
Ansol Gulf (G.D. Portbury Ltd.)
viji@ansol.ae

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