Joint venture is expected to benefit petrochemical industry customers.
The plastics compounder and recycler Ravago Manufacturing Americas, headquartered in Orlando, Fla., and Avangard Innovative’s field services division, headquartered in Houston, have announced that they have joined to create Ravago Avangard Innovative. The joint venture will serve the petrochemical industry by combining Avangard Innovative’s expertise in its field-service program, called Natura, and Ravago’s relationships in the plastics industry and its extensive processing capabilities.
Avangard Innovative Field Services offers a variety of environmental and industrial services at petrochemical plants, with a core focus on plastic resin production facilities.
Ravago has more than 50 years of experience serving the resins community, providing products to converters throughout the world. Ravago Manufacturing Americas will bring manufacturing and processing capabilities to the joint venture.
Chris Lendo, vice president and general manager, will run the Ravago Avangard Innovative business from the company’s existing site in Pasadena, Texas.
"With this investment and the formation of Ravago Avangard Innovative, we are raising the bar for producer services,” says Jim Ashton, president of Ravago Manufacturing Americas. “The Natura program provides a turnkey solution for a producer's plant scrap management, environmental containment, regulatory compliance and industrial service needs. We are very pleased to provide this world-class program to our existing customers and offer it to all resin producers around the world."
Rick Perez, CEO of Avangard Innovative, adds, “We are extremely excited about this joint venture and the opportunity to expand our service model and better serve our clients. This opportunity will allow us to offer a complete package of producer services and a one-stop solution to our clients worldwide.”
Ravago’s activities include distribution, trading, risk solutions, recycling, toll processing, compounding and producer services. Ravago’s production division in the Americas is Ravago Manufacturing Americas (RMA), which operates 10 facilities in North America for processing plastics and rubber.
Avangard Innovative operates in 12 countries. The Avangard Innovative Field Services division offers a complete line of integrated field services solutions for recycling centers.