IHS Acquires PCI Acrylonitrile, a U.K.-based Chemical Market Advisory Service
Company provides strategic insights into acrylonitrile market, a propylene derivative essential for fiber and plastic production critical to technology, communications
The acquisition of PCI Acrylonitrile is a tremendous addition to our industry-leading chemical market advisory service covering the fibers and plastics businesses
IHS Inc. (NYSE:IHS), the leading global source of critical information and analytics, today announced it has acquired PCI Acrylonitrile, a strategic provider of chemical market insight and consulting services for the global acrylonitrile and derivatives industry.
The acquisition of PCI Acrylonitrile further deepens and strengthens the existing IHS Chemical global market coverage in the commodity and engineering plastics and fibers sectors. Together with the expertise and insight offered by IHS in the areas of aerospace, electronics and automotive, the addition of PCI Acrylonitrile demonstrates the company’s commitment to providing leading information, insight and consulting capabilities across the entire spectrum of the chemical to end-user value chains.
Based in the U.K., PCI Acrylonitrile publishes the Acrylonitrile Market Report, a monthly report focused on the global acrylonitrile industry and its derivatives. Led by Simon Garmston, founder of PCI Acrylonitrile, the company also provides annual market analysis as well as consulting services and hosts a key industry event focused on the acrylonitrile sector.
“The acquisition of PCI Acrylonitrile is a tremendous addition to our industry-leading chemical market advisory service covering the fibers and plastics businesses,” said Scott Key, IHS president and CEO. “The acrylonitrile analysis, combined with our IHS Chemical olefin, propylene market and special reports coverage, as well as the upstream market coverage we deliver at IHS, will provide unparalleled integrated analysis that is essential to our customers. We are excited to welcome Simon Garmston, who is recognized globally for his expertise in this highly specialized, but strategically important and growing chemical market.”
Acrylonitrile is an essential component for the production of fibers and polyacrylonitrile (PAN), a versatile, high-strength polymer (plastic) resin used to produce a variety of products in both civilian and military applications. PAN fibers are used to manufacture clothing and other ‘acrylic-based’ products. Additionally, PAN is used to produce high-quality carbon fibers, which are essential to high-tech communications infrastructure and production of aircraft, filtration systems, missiles, industrial and technology components, as well as numerous consumer goods.
About IHS (www.ihs.com)
IHS (NYSE: IHS) is the leading source of information, insight and analytics in critical areas that shape today’s business landscape. Businesses and governments in more than 165 countries around the globe rely on the comprehensive content, expert independent analysis and flexible delivery methods of IHS to make high-impact decisions and develop strategies with speed and confidence. IHS has been in business since 1959 and became a publicly traded company on the New York Stock Exchange in 2005. Headquartered in Englewood, Colorado, USA, IHS is committed to sustainable, profitable growth and employs more than 8,000 people in 31 countries around the world.
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