Selenis has acquired the production assets of Polisan Hellas in Greece and will install them in Portugal, lifting the specialty copolyester producer to more than 200,000 metric tons of annual installed capacity by 2028 across four countries.

The deal marks the first continuous polymerisation line in Selenis's manufacturing base, which until now has run on batch production. Continuous lines serve high-volume, standardised markets where cost per ton drives decisions; batch lines serve specialty grades where formulation depth and fast changeovers matter.

"We believe Europe needs a strong speciality materials manufacturing base and we are investing to build it," Duarte Matos Gil, CEO of Selenis, said. "When customers qualify our materials, they make a long-term commitment. Our responsibility is to invest ahead of their needs, to put more than one plant behind every grade and to give them a cost base that lets them compete. This acquisition puts industrial capacity behind that commitment, and further steps will follow."

What changes for converters?

Selenis will qualify selected grades at more than one manufacturing site, so a converter can hold the same specification from two plants. European accounts source from European plants, cutting lead time and safety stock versus imported resin.

Standard grades for shrink sleeves, film and sheet will move to the new continuous line, where conversion cost per ton runs lower than batch. Selenis said the shift supports multi-year, qualified volume commitments with converters.

Which markets are priorities?

The investment underpins four priority markets inside the IMG Group:

• Shrink sleeves, film and sheet, run on continuous-line economics with packaging know-how from the wider IMG Group
• Healthcare, through the Selcare unit, where multi-site qualification is a condition of supply
• 3D printing, through Mimesis, which supplies PETG and PCTG resin to filament producers serving industrial manufacturing, automotive, electronics, education and consumer applications
• Textile-to-textile recycling, through Texnascis, working with chemical recycling partners to convert recovered monomers into new polyester

What does the asset move cost?

The company did not disclose the purchase price. Selenis said the Polisan Hellas assets will be installed in Portugal, alongside a capacity doubling already underway at the site.

What comes next?

"We are evaluating new investments in Germany in the bio-based field and in Tunisia, where we are exploring textile-to-textile opportunities through DMT technology," Eduardo Santos, strategy and integration director at IMG Group, said. "Each investment adds a capability to one manufacturing platform, and each is chosen for the markets where our customers see the strongest long-term growth."

Selenis already operates in Portugal, Italy, Tunisia and the United States. A new Tunisian site and a possible German bio-based facility would extend the platform's geographic reach and feedstock options, though Selenis did not commit to a timeline for either project.

Why dual-sourcing matters

Multi-site qualification is becoming standard in technical polyester markets. Customers that commit to a grade want a second plant behind it, so a logistics disruption or quality event does not interrupt their own production. Selenis is positioning its four-country footprint as a hedge against single-site risk, with regional supply for European and American converters.

"Our ambition is to be the supplier customers choose for their next generation of products," Gil said. "That takes technical depth, dependable supply from more than one plant and the capacity to grow with them. We are building Selenis for that responsibility."