news
Clariant and Tasnee to form masterbatch JV
Clariant has sold a 40% stake in Clariant Masterbatches Saudi Arabia to Tasnee, one of the largest industrial conglom- erates in Saudi Arabia. The two companies will form a joint venture to grow the production and sales of masterbatches in the Arabic peninsulas. They have already decided to build a new plant for the production of white masterbatch. Tasnee has made the acquisition through its Rowad National Plastic subsidiary, which is a regional leader in sheet extrusion and is a long-standing customer of Clariant Masterbatches. The conglomerate also owns the titanium dioxide producer Cris- tal Global plus polyolefins production facilities through SPC and SEPC, so it supplies the main feedstocks for white masterbatch. Clariant Masterbatches
(Saudi Arabia) claims to be a
Clariant’s Hariolf Kottmann says that Tasnee brings in-depth knowledge of regional markets
market leader and pioneer in the region, starting master- batch production in Saudi Arabia 20 years ago.
Hariolf Kottmann, CEO of Clariant, said: “Our strategic partnership with Tasnee and the formation of the joint venture represent a first
essential step for Clariant in strengthening its presence in one of the most important growth regions of the world. Clariant will contribute a high level of specialist know-how to the new company, whereas Tasnee has in-depth knowl- edge of the relevant regional markets, which will deliver major benefits to our clients. The link with Tasnee will also create additional value by facilitating access to feed- stock.” Saleh Alnazha, CEO of
Tasnee, added: “We are happy to join hands with Clariant, a world leader in the business. By this joint venture, Tasnee will enter into the important business of masterbatches which will create further opportunities for serving the downstream plastic industry in the Middle East region”. ❙
www.clariant.com ❙
www.tasnee.com
JSW steps up European presence
Japan Steel Works (JSW) is increasing its European sales and support activities for twin-screw extruders aimed at compounding and masterbatch applications.
The Japanese company
established a new European office in Düsseldorf, Germany last year with seven staff members, including two engineers – it previously only had a liaison officer in Düsseldorf. It has also opened a new test facility in Belgium
www.compoundingworld.com
equipped with a 40-mm TEX44alpha2 extruder. In addition, local partners and agents are in place to provide after-sales service and support.
JSW has supplied more than 3,000 extruders world- wide and is a well established player in Japan and Asia. It also has an office in North America. The company produces a wide range of extruders and pelletizing systems, ranging from
lab-scale machines up to huge lines for polyolefin production. The company offers special
extruder technologies to promote better mixing, such as its NIC grooved barrel design and its TKD kneading discs. It will launch a new twin-screw extruder – the TEX alpha 3 – at the K show in Düsseldorf in October, and it plans to install one of these machines at its Belgian test facility after the exhibition. ❙
www.jsw.co.jp/en
DuPont is considering TiO2
sell-off
DuPont is considering strategic options for its Performance Chemicals segment, including a full or partial separation of the businesses through a spin-off, sale or other transaction. The segment includes its Titanium Technologies titanium dioxide (TiO2
) division and
its Chemicals & Fluoropro- ducts business. The businesses gener-
ated total sales of US$7.2 billion in 2012 – DuPont is
the world leader in TiO2 production. DuPont says that the
decision to explore strategic alternatives for its Perfor- mance Chemicals busi- nesses reflects its ongoing portfolio review aimed at maximizing shareholder value. The announcement follows the company’s sale of its Performance Coatings business earlier this year and the acquisition of Danisco in 2011. Other leading TiO2
players are also reviewing their activities in the market. Huntsman has said that it either wants to sell its TiO2
business or expand
it through an acquisition or merger in order to partici- pate in consolidation in the sector. Rockwood wants to
sell its Sachtleben TiO2 business, while Tronox has said that it is considering acquiring TiO2
assets. ❙
www.dupont.com August 2013 | COMPOUNDING WORLD 5
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