Massachusetts, US – FRX and Lanxess are looking into a strategic partnership whereby Lanxess will make and market FRX’s Nofia polymeric flame retardants. Lanxess is one of the largest global producers of FRs.
The two companies have signed a memorandum of understanding. This covers Lanxess evaluating the contract manufacture of a family of FRX’s Nofia FRs, the potential production by Lanxess of a FRX patented raw material required to make the FRs, and the exploration of Lanxes marketing Nofia products in certain sectors and geographies.
“Being a unique polymeric, sustainable flame-retardant solution, the Nofia range fits perfectly with Lanxess’ existing phosphorus flame retardant portfolio and long-term strategy of sustainable flame-retardant solutions,” said Karsten Job, MD of the Lanxess polymer additives business unit. “We believe that FRX’s Nofia technology will capture important market share in this market.”
FRX Innovations’ CEO Marc Lebel believes the relationship with Lanxess represents a “definitive step” in the growth of the Nofia business. “As a direct consequence of recently passed legislation, market dynamics have changed significantly, causing Nofia products to be pulled into large new application areas,” Lebel said. “We believe that a strategic partnership with Lanxess can be pivotal to capturing the considerable growth opportunities ahead for us both.”