Addivant Opens New Headquarters
Addivant, the one-year old company formed from the Antioxidant and UV Stabilizer business of Chemtura, Corp., Middlebury, Conn., has moved into its new headquarters in Danbury, Conn. From the new facility, the company operates 11 plants on five continents and nine technology and application testing centers worldwide.
CEO Peter Smith, cites some of the milestones achieved just within the new entity’s inception including: commercialization of Polybond polymer modifiers derived from renewable resources; completion of Phase I of a capacity expansion of the company’s phosphite antioxidants production in South Korea; completion of Phase 1 of a capacity expansion of the company’s hindered phenolic antioxidants in Saudi Arabia; and, the opening of its new headquarters. Stay tuned for announcements of new products and technologies in the coming months, according to Smith.
Lighter weight, lower cost, and greater impact strength, moldability and customization are rapidly driving demand for thermoplastics that help keep electronics, lighting and car engines cool.
The excitement in the air of the recent Innovation Takes Root conference was a sense of arrival.
The K 2013 show will present a broad range of engineered plastics materials, including thermoplastic composites, as well as additives. Automotive and electronic applications will be the main targets, as well as medical, packaging, lighting, and construction.