news
Metabolix and AdM set out telles exit terms
in its end of year results statement, bioplastics firm Metabolix said it has now agreed termination ar- rangemets with Archer daniels Midland (AdM) following the latter’s decision to exit the telles PHA polymer manufac- turing joint venture at the end of last year. Mirel will pay around $3m
for certain rights and assets, including pilot plant, com- pounding ingredients and more than 5m pounds (2,270 tonnes) of PHA stock. Metabo-
lix said this stock will be used to supply customers until it is able to secure an alternative manufacturing partner. the company said it will
also recognise around $38m in deferred revenues in the first quarter of 2012 as a result of the telles termination. Metabolix generated
revenues of $1.4m for 2011 and posted a net loss on its business of $38.8m. However, the company also raised $49.3m from stock offerings during the same period,
leaving it with cash and investments totalling more than $78m. the company expects cash usage for 2012 to be around $24m. “we see a robust and
growing global market for bioplastics and remain confident that we are well positioned to serve customers and develop high value applications for our PHA biopolymers,” said richard P eno, president and ceo of Metabolix. ❙
www.metabolix.com
Schoeller acquires Protec
Schoeller subsidiary oHl engineering Pet recycling technologies has acquired Mann+Hummel’s Protec business subsidiary based at Bensheim in Germany, which it will add to its Schoeller Plast
industries division. Schoeller Plast industries
is involved in the production of reusable packaging systems, caps for beverage bottles and the processing and recycling of plastics. oHl engineering
designs and promotes turnkey Pet bottle-to-bottle recycling units. last year, Mann+Hummel
Protec posted sales of around E20m euroe, up by around 22%. ❙
www.schoeller.org
People on the move
Arburg’s managing director of technology Herbert Kraibühler was presented with the Georg Menges Award during iKV Aachen’s annual plastics technology colloquium last month for his application of knowledge gained in r&d and his determined efforts to ensure cooperation between science and business. the award organisers said his work had helped shape the future of plastics processing and showed that new and
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Herbert Kraibühler (right) receives the “Georg Menges Award 2012” from Professor Christian Hopmann
innovative products can only be created through research.
injection world | April 2012
elasto has expanded its Asian technical team with the appointment of richard chen as sales manager for china and Alex li as application engi- neer in the country. chen graduated in chemical engineering from Shannxi University of Science and technology. li is a graduate of Hefei University of technology where he qualified with a BSc in polymer material technology and engineering. Both will be based at elasto’s facility in the Guangzhou area.
US-based specialty thermo- plastics distributor chase Plastic Services has promoted dean Behrendt to the newly created position of new business development manager, in which he will take on the establishment of new product distribution agreements. Behrendt was previously commercial manager at the firm. As a result of the move, the company has also promoted doug Goik who takes on the role of commercial manager.
www.injectionworld.com
rtP buys clariant’s conductives
Global custom compounder rtP company has acquired the conductive compound product line from clariant of Switzerland. the deal includes technology and equipment. “our acquisition of
clariant’s conductive compound business further enhances rtP company’s global leadership position in the plastics compounding industry by expanding our existing conductive products portfolio and further increasing rtP company’s manufacturing capabilities in europe,” said Hugh Miller, president and ceo of rtP company. rtP company will
relocate the production equipment to its manufac- turing facility at ladenburg, Germany. ❙
www.rtpcompany.com
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