Market Overview

Ravago and Avangard Innovative Announce the Joining of Forces in the Petrochemical Industry

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HOUSTON--(BUSINESS WIRE)--

Ravago Manufacturing Americas and Avangard Innovative Field Service division announced they have joined forces to create Ravago Avangard Innovative. The JV will better serve the Petrochemical Industry by utilizing the expertise of Avangard Innovative in its market leading field service program Natura, and Ravago's relationships in the plastics industry, along with 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. Avangard Innovative brings the best service capabilities to this joint venture. Ravago has over 50 years of experience serving the resins community and providing high quality products to converters throughout the world. Ravago Manufacturing Americas brings an immense manufacturing and processing capability to this venture. This combination of these capabilities will create a complete solution for existing and future clients in the Petrochemical industry. Ravago and Avangard Innovative are ideal partners, dedicated to high quality and customer satisfaction and will continue to evolve and maximize its potential through Ravago Avangard Innovative.

Building on the proven reliability and success of the parent companies, Ravago Avangard Innovative looks forward to demonstrating a continued commitment to exceed customer expectations and offering a higher level of value added services. Chris Lendo, Vice President/GM, will run the Ravago Avangard Innovative business from the existing site in Pasadena, Texas.

“With this investment, and the formation of Ravago Avangard Innovative, we are raising the bar for producer services. The Natura program provides a turn-key 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.”

Jim Ashton, President of Ravago Manufacturing Americas

“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 product services, and a one stop solution to our clients worldwide.”

Rick Perez, CEO of Avangard Innovative

About Ravago

Ravago, Arendonk Belgium, was founded in 1951 by Raf VanGorp. Ravago is a global provider of services to the petrochemical industry. 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). RMA operates 10 facilities in North America for the processing of plastics and rubber. RMA activities include compounding, recycling and toll manufacturing. For more information, visit www.ravago.com

About Avangard Innovative

Avangard Innovative is a worldwide premier sustainable solutions provider, headquartered in Houston, Texas and operates in 12 countries. The Avangard Innovative Field Services Division offers a complete line of integrated field services solutions, with high-tech recycling centers and the best technology available; all in efforts to monetize recyclables. For more information, visit www.avaicg.com

Storyteller Communications
Christy Lee, 713-594-2141
Christy@storytellercomm.com
or
Avangard Innovative, LP
Pamela Barba, 281-582-0796
pbarba@avaicg.com

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