news BMS renamed Covestro
Bayer has announced its MaterialScience business will be renamed Covestro from the beginning of September 2015 and said it plans to float the unit on the stock exchange by the middle of 2016 at the latest. “Covestro represents a bold
new direction and bright future for an innovation-driven polymers company,” said Patrick Thomas, Chief Executive Officer of Bayer MaterialScience and CEO designate of Covestro. “We are a company that is underpinned by strong and experienced management with a proven track record of excellence and full commitment to value creation.”
BMS CEO Patrick Thomas
Bayer announced its plan to spin off the MaterialScience business as part of a refocus- ing on Life Sciences in September last year. According to Thomas, separation from Bayer will give the new
company greater flexibility to independently pursue its business goals. “The platforms for this will include our leading market positions, favourable industry dynamics, our state-of-the-art asset base with leading process technology, a portfolio including a high-value specialty business as well as an outstanding team of highly skilled and motivated employ- ees,” he said. Bayer MaterialScience
generated sales of €11.7bn in 2014. The company’s polymer products include polycarbon- ates and polyurethanes marketed under the Makrolon and Desmodur trade names. ❙
www.bayer.com
DuPont adds Zytel PA capacity
DuPont Performance Polymers has announced a 20% increase in capacity for Zytel PA6 and PA66 products at its Uentropp production facility at Hamm in Germany (pictured). The company said the
expansion is intended to meet growing demand for the resins
from the automotive industry, which is continuing to seek polymer alternatives to metal to meet ambitious lightweight- ing targets. “Nylon continues to be the
starting point for many product designers because it’s versatile, easy to mould and
offers exceptional long-term performance in the most challenging environments,” said Richard Mayo, Global Business Director for DuPont’s polyamide businesses. Typical automotive
applications for Zytel PA resins include air ducts, engine covers, charge air coolers, transmission components and radiator end tanks. The polymers are also widely used in E&E applications such as enclosures, sockets, terminal blocks, circuit breakers, switches and relays. “In many ways, nylon defined the category of Engineering Polymers and continues to redefine where plastics can go in the future,” said Mayo. ❙
www.dupont.com
6 INJECTION WORLD | June 2015
Alcuin invests in AMI
Alcuin Capital Partners has acquired a majority stake in Applied Market Information (AMI), publisher of Injection World, from its original founders and shareholders. AMI directors Andrew
Reynolds and John Nash retain a significant minority stake and will continue to be actively involved in the business. Founded in 1986, AMI
has grown to become a leading provider of information services to the global plastics industry. These include conferences, market reports, consul- tancy projects, databases and digital magazines. The company has offices in the UK and the USA. Alcuin partner Mark
Storey said: “Alcuin has always targeted ambitious, growth companies with the ability to compete on a global basis and AMI definitely fits the bill.” AMI’s Andrew Reynolds
said: “We really welcome the opportunity of joining Alcuin and moving the company forward in the next stage of its development.” Headquartered in London in the UK, Alcuin specialises in providing growth capital to UK companies. It is a long-term investor with a strong preference for backing owner-managed businesses. ❙
www.amiplastics.com ❙
www.alcuincapital.com
www.injectionworld.com
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66