Focus on growing its energy curing resins business
IGM Resins, the leading global supplier of materials to the energy curing market is increasing its focus on growing its energy curing resins business. IGM has established its position as a technology leader in photo initiator chemistry and is leveraging its strong position across the range of material solutions to the energy curing industry.
As announced earlier, a dedicated team under the leadership of Rijoy Putatunda, Vice President Energy Curing Resins and Dian Chen, Global Business Director, Energy Curing Resins, has been tasked with growing the business significantly over the coming years. The organization growth comprises of commercial and technical product management, operational excellence and strategic partnerships. IGM is also strengthening its operations excellence through investing in process engineering, supply chain and sourcing functions.
According to Putatunda, the US is a net importer of energy curing acrylates and we will utilize the capacity in Charlotte, North Carolina to supply local for local. We have a 3 phased approach: firstly, build a base load for the plant in Charlotte, to create scale. In the second phase, we are already focusing on specific market segments by developing and investing in R&D and Applications capabilities on a global level. The focus will be on applications driven R&D on molecules and formulations based on energy curing resins, photo initiators and additives through innovative technology-based solution. In phase three, we will be looking to increase the size of the global market by focusing on further penetration of the UV-EB technology in large applications where conventional technologies (like solvents) are still mainstream.
IGM is convinced that the UV-EB technology has the highest productivity per square meter of asset and has the lowest energy footprint. IGM is uniquely placed in offering a range of photo initiators, acrylates and additives which address the sustainability and growth of this technology in the strategically relevant markets for IGM.