Specialty compounder PolyOne Corp., Cleveland, announced a major expansion of its TPE business with the signing last month of a definitive agreement to acquire GLS Corp., McHenry, Ill. GLS is a well-known producer of several families of TPEs. For more information visit PolyOne Corp's PT Online Showroom.
A surprise announcement at last month’s K 2007 show in Dusseldorf was the sale of its Hennecke Group subsidiary by Bayer AG in Germany. Hennecke (U.S. office in Pittsburgh) is a major name in polyurethane machinery. The buyer is an investment firm, Adcuram Group of Vienna, Austria, and Munich, Germany, which also bought the Battenfeld injection molding machinery business last year. Bayer follows other PUR raw-materials suppliers, BASF and Dow Chemical, which divested their PUR machinery businesses years ago. For more information visit Bayer AG's PT Online Showroom.
Basell North America moved last month from Elkton, Md., back to Wilmington, Md., which was its former headquarters location. A special meeting of shareholders was scheduled for Nov. 20 to vote on the proposed acquisition of Lyondell Chemical Co., Houston. Following the merger, the intended name of the company will be LyondellBasell Industries. For more information visit Basell North America's PT Online Showroom.
More resin makers are joining the action in biopolymers made from renewable resources.
Last month, Owens Corning, Toledo, Ohio, completed its acquisition of the Saint-Gobain Vetrotex fiberglass reinforcements and composite fabrics business. It has been combined with Owens Corning’s reinforcements business to form OCV Reinforcements, part of Owens Corning’s Composite Solutions Business and based in Toledo.
October saw the launch of two new styrenics joint ventures. One was Ineos Nova, the 50:50 venture in polystyrene and styrenic-acrylic copolymers (Zylar and NAS) by Ineos of the U.K. and Nova Chemicals, Pittsburgh. The j.v. does not include Nova’s Dylark SMA copolymer. It is based at the former Ineos Styrenics offices in Channahan (Joliet), Ill. For more information visit Ineos Nova's PT Online Showroom.
The other venture is Ineos ABS Corp., which took over the Lustran Polymers business of Lanxess Corp., Pittsburgh. It includes Lustran ABS and SAN, Triax ABS/nylon, and Centrex ASA, AES, and ASA/PC. Ineos will acquire Lanxess’s 49% of the venture in Sept. 2009. Ineos ABS is based in Addyston, Ohio. www.lustran-polymers.com
AGY, Aiken, S.C., has raised its capacity for S-2 glass reinforcements by 50% and can add more capacity quickly when required. Extra capacity was needed to armor military vehicles for use in Iraq and Afghanistan. For more information visit AGY's PT Online Showroom.
Two firms recently announced polypropylene compounds businesses aimed largely at automotive. First, ExxonMobil Performance Polyolefins is a new business unit of ExxonMobil Chemical Co., Houston. It will develop new custom specialty compounds and reinforced composites from engineered polyolefins, utilizing ExxonMobil’s slate of PP, PE, TPO, and elastomer materials.
Also new is Sumika Polymer Compounds America Inc., a manufacturing and marketing operation for automotive PP compounds from Sumitomo Chemical of Japan. Sumitomo already has a PP joint venture with Chevron Phillips Chemical Co.—Phillips Sumika Polypropylene Co. in Houston. Its new operation in Griffin, Ga., a suburb of Atlanta, is a joint venture with Toyo Ink International. It will build a 90,000-sq-ft PP compounding plant with capacity for 52 million lb/yr, due to open in early 2009.
Since September, the former Degussa AG of Germany has become Evonik Degussa, the Chemicals Business Area of the new Evonik Industries group in Germany. Evonik Degussa Corp. is the North American affiliate, based in Parsippany, N.J. For more information visit Evonik Degussa's PT Online Showroom.
The last two months have seen several resin capacity announcements: