Lanxess Renames Styrenics Unit
Lustran Polymers is the new name of the business unit of Lanxess Corp., Pittsburgh, that includes its Lustran ABS and SAN, Centrex AES and ASA, and Triax ABS/nylon alloys.
BMCI and Owens Corning Form Venture
Bulk Molding Compounds Inc., West Chicago, Ill., and Owens Corning, Toledo, Ohio, have teamed up to expand the use of BMC composites. Their new 50/50 joint venture, called FastTrack Applications Development LLC, is based at the former molding division of Rodgers Engineering Corp. in Addison, Ill., purchased by BMCI in 2005. FastTrack will concentrate on application development, part design, tool building, and prototyping. Two buildings total 50,000 sq ft and house 26 injection presses from 200 to 500 tons, four compression presses of 300 and 400 tons, and a 160-ton transfer press. FastTrack employs 135.
Plastics Molder Assesses Energy Surcharge on Products
While the last two years have seen so-called energy surcharges on certain chemicals and plastics raw materials, Graham Packaging Co., L.P. is one of the first plastics processors to impose such a variable surcharge on molded products. This $2.4-billion blow molder based in York, Pa., started the program this month. “Energy-related costs are up 22% from the start of last year and this is well beyond what we are able to offset, even through aggressive cost and productivity improvements,” said Philip Yates, chairman and CEO. The company declined to disclose the amount of the surcharge or how it was applied to individual customers.
GE Divests Silicones Business
GE Advanced Materials in Wilton, Conn., a supplier of silicones, silanes, urethane additives, and quartz products, will be sold to Apollo Management L.P., a private equity firm based in Purchase, N.Y., for $3.8 billion. A spokesman for General Electric Co. said the silicones and quartz businesses don’t fit GE’s “high-growth, high-return” business strategy. He said the sale repositions the company’s industrial division for faster growth. That division includes GE Plastics, which is not part of the deal with Apollo.
GE also has agreed with Toshiba of Japan and Bayer AG of Germany to acquire their respective stakes in two joint ventures, GE Toshiba Silicones and GE Bayer Silicones. Those ventures will become wholly owned by GE and sold to Apollo. The deal is expected to close by the year’s end. Last year, Apollo bought Borden Chemical, Resolution Performance Products, and Resolution Specialty Materials and merged them to form Hexion Specialty Chemicals.
Ahlstrom to Make Glass Fiber in S.C.
Ahlstrom Glassfibre Oy of Finland is building a plant to make glass reinforcements in Darlington, S.C. It will open early next year. A major target will be wind-power blades. Ahl strom has an office in Windsor Locks, Conn. Tel: (860) 654-8300 • www.ahlstrom.com
Noveon to Boost TPU Capacity
Noveon Inc ., Brecksville, Ohio, sub. of Lubrizol Corp., will increase capacity for its Estane TPUs by about one-third. The expansion should be completed late next summer.
Rubber/TPE Molder Licenses Conductive Technology
New technology for formulating electrically conductive polymer compounds has been licensed by Integral Technologies, Inc., Bellingham, Wash., to Jasper Rubber Products Inc., Jasper, Ind. Jasper compounds and molds rubbers, TPEs, and liquid silicone (LSR). Integral’s ElectriPlast technology reportedly can be used for products like antennas and shielding. Jasper: (800) 457-7457/www.jasperrubber.com