news European PVC recycling up 7%
VinylPlus, the European PVC industry sustainable develop- ment programme, recycled 514,913 tonnes of PVC last year, up by 7%. The results were presented at its fourth Vinyl Sustainability Forum, which took place in Vienna, Austria in late April. In addition to the increase in
recycling – on the way to a target of 800,000 tonnes/year in 2020 – the other notable success was the complete replacement of lead-based
US machine shipments up in 2015
North American shipments of plastics machinery rose for the sixth year in succession in 2015, according to statistics from the US Society of the Plastics Industry (SPI) trade association’s Committee on Equipment Statistics (CES). Shipments of primary equipment for reporting companies in 2015 reached $1.29bn, a gain of 4.8% compared with the total from 2014. New bookings of ancillary equipment were up 13.2% compared with 2014. “Market conditions
should remain strong in 2016, but the pace of growth in the shipments data is expected to decelerate after six years of strong expan- sion,” said report author Bill Wood. ❙
www.plasticsindustry.org
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journey that saw close coopera- tion along the value chain to solve technical constraints.” VinylPlus reaffirmed its
stabilisers in the EU-28 market. Products made from virgin PVC resin by European converters no longer contain any lead. VinylPlus General Manager Brigitte Dero, presenting the
2015 results, said: “Undoubt- edly, the highlight of the year for VinylPlus was the replace- ment of lead-based stabilisers in the EU-28 by the end of 2015. This concluded a challenging
commitment to addressing the issue of ‘legacy additives’ in recycled PVC in cooperation with regulatory authorities and is calling to propose realistic solutions for the continuation and development of PVC recycling, taking into account its resource efficiency benefits, it said. ❙
www.vinylplus.eu
Valtris acquires Akcros Holdings
Valtris Specialty Chemicals, a portfolio company of private equity investment firm HIG Capital and formerly the Polymer Additives division of Ferro, has acquired Akcros Holdings. Terms of the deal were not
disclosed, but it is the eleventh chemical industry acquisition that HIG has completed since 2008 and the fourth in the last two years. Valtris makes speciality
chemicals mainly for use as additives in polymers, sealants, and chemical intermediates, while Akcros is a major supplier of additives for the processing and manufacturing of polymers, including PVC, PUR and polyolefins, as well as additives for sealants, paints and coatings. Akcros has two primary
manufacturing sites located in Eccles in the UK and New Jersey in the US, with addition-
al production capability in Mumbai, India, and Guang- zhou, China. In a statement, Paul Angus,
CEO of Valtris, said: “Akcros is a highly strategic and comple- mentary acquisition for us, providing new and multiple avenues for growth. There are significant opportunities to enhance our product offerings and provide more value to our customers.” ❙
www.higcapital.com
£1.3m investment for Petlon Polymers
Petlon Polymers, which claims to be the UK’s largest inde- pendent custom compounder of engineering thermoplastics, has completed a £1.3m investment programme at its manufacturing site at Lydney, near Bristol. The investment had
originally been announced in October 2015 following the company’s acquisition of parts
COMPOUNDING WORLD | May 2016
of the former Teknor Apex UK business. This deal included the Beetle PA product line and some engineering PET compounds, as well as customer lists. In April this year, Petlon
completed installation of its latest compounding line at the site, bringing total capacity to 20,000 tonnes/year. The investment included “substan-
tial investments” in R&D, with Petlon Managing Director Mark Clayton (who joined Petlon Polymers last year from Teknor Apex UK) saying that this is “increasing our capacity to facilitate future growth and increasing capability to better serve our customers with tailor-made engineering plastic compounds”. ❙
www.petlon.co.uk
www.compoundingworld.com
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