news
Cabot to cut 300 jobs worldwide
Boston, US-headquartered speciality chemicals and performance materials company Cabot Corporation has announced plans to restructure its operations in response to “challenging macroeconomic conditions.” Cabot Corporation
posted a 21% decline in sales for its 2015 fiscal year, which ended 30 September, to $2.87bn. The company recorded a net loss of $331m, against a profit of $199m in 2014. President and CEO
Patrick Prevost said the company’s business faced a number of challenges, including lower oil prices, slowing demand in Asia and South America and less favourable foreign currency exchange rates. The restructuring plans
will result in the loss of around 300 jobs and are expected to deliver cost savings of approximately $50m from fiscal 2015 to 2016, the company said in a statement. ❙
www.cabotcorp.com
Euromap gets behind Brazilian show launch
Euromap, the umbrella organisation for the European plastics and rubber machinery industry, has announced its support for Plástico Brasil, a launch event for the plastics industry in Brazil. Due to launch at the São
Paulo Expo Exhibition & Convention Centre on 20-24 March 2017, Plástico Brasil will compete head-on with the incumbent Feiplastic show, which is due to take place at Anhembi, also in São Paulo, two months later on 22-27 May and is organised by Reed Exhibitions Alcantara Machado. Euromap said that it gives
the ‘Supported by Euromap’ endorsement to only a few exhibitions “in order to maintain high quality standards and avoid the indiscriminate proliferation of trade fair events”. It will send experts to attend committee meetings and get involved in other bodies of Plástico Brasil, and will help with recruiting exhibitors and visitors and organise fringe events along- side ABIMAQ, the Brazilian Association for the Machinery & Equipment Industry. Plástico Brasil will be
hosted by ABIMAQ and organised by BTS Informa, Brazil’s second largest trade
show promoter. However, Feiplastic could
be a hard incumbent to dislodge, given that it had 1,400 exhibitors, 70,000 visitors and a floor space of 85,000m2
when it last took
place in 2015. Both events claim a similar exhibitor profile, including basic products and raw materials, moulds and tools, converters, instrumentation and automa- tion, technical projects and services and recycling, as well as machinery. ❙
www.euromap.org ❙
www.feiplastic.com.br ❙
www.informagroup.com.br
Total adds ESD compounds
Total has announced worldwide availability of a new line of conductive compounds for electro- static discharge (ESD) applications using carbon nanotubes (CNTs). The new polyolefin
and polystyrene- based compounds are formulated for extrusion, thermoform- ing, injection and rota- tional moulding and are
New CEO for Albis Plastic
Hamburg, Germany-based Otto Krahn has announced that Philip Krahn will take on the role of CEO of its Albis Plastic subsidiary next year. He will also join Otto Krahn’s execu- tive board. Krahn is a shareholder of the family-owned Otto Krahn
10
company. He joined the group in 2010 and is currently managing director of Albis Plastic (Far East) with responsibility for its activities in Hong Kong and China. Albis Plastic generated
sales of €876m in 2014. The company is active in distribu-
COMPOUNDING WORLD | November 2015
tion and technical compound- ing and claims a nominal capacity of 140,000 tonnes/ year. ❙
www.albis.com
Philip Krahn takes on the Albis Plastic CEO role next year
www.compoundingworld.com
available worldwide. They are aimed at applica- tions such as electronic packaging. “Developing such an innovative solution required several years of research, testing and product development, leading finally to the first successful commercial
orders last quarter,” said Xavier
Bontemps, Senior VP of Total’s Polymers Business Unit.
❙
www.totalrefiningchemicals.com
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