news
Addivant increases capacity
Addivant has increased production capacity for its Alkanox 240 phosphite antioxidant by 40% at its plant at Pyongtaek, SouthKorea. Further expansions are planned at the facility and are sched- uled to be completed by early 2015. “This expansion is part
of the overall Addivant 2018 strategy to invest and strengthen our global manufacturing sites to be in the position to meet our customers’ growing demands for polymer additives,” said Peter Smith, president and CEO of Addivant. “As the only producer with chemical production and form-giving capacity in all three regions, we are uniquely positioned to service our customer’s requirements globally.” Addivant is the antioxi- dant and UV stabilizer business which was acquired from Chemtura by SK Capital Partners in 2013. ❙
www.addivant.com
Teknor Apex acquires rigid PVC compounder Viking
Teknor Apex has acquired Viking Polymers, a US custom compounder of rigid PVC for building and construction applications.
Based in Jamestown, North
Carolina, Viking has an annual compounding capacity of 50 million lbs (23,000 tonnes). The purchase agreement is with the company’s owner and president John Ammondson, who founded the company in 1994 and will now serve as a consultant to Teknor Apex. The acquired business will continue to operate in Jamestown and will retain all employees. “While most of the business
of the Vinyl Division of Teknor Apex has historically centred on flexible compounds, rigid PVC plays an increasingly important role in our continued growth,” said Louis Cappucci, Teknor Apex vice president and head of the Vinyl Division.“The acquisition of Viking Polymers adds substantially to our rigid PVC capabilities and repre- sents a natural extension of our product portfolio into weatherable capstocks, CPVC compounds, and other specialties for the fast-growing building and construction market.”
John Ammondson added: “The weatherable compounds
Viking’s Jamestown plant has a compounding capacity of 23,000 tonnes/year
Louis Cappucci: “Rigid PVC plays an increasingl important role in our continued growth”
that we have developed at Viking Polymers make possible dark and wood-toned colours that withstand prolonged outdoor exposure. With the growing trend in outdoor living, these compounds offer attractive, low-maintenance alternatives to wood in standard building applications.” Teknor Apex produces Apex rigid vinyl compounds at facilities in the US, China and Singapore. ❙
www.teknorapex.com ❙
www.vikingpolymers.com
Polyplastic and BASF sign stabilizers deal
Polyplastic, the Russian compounder and plastic pipe producer, has signed an agreement with BASF covering the development and supply of additives to optimise the performance of compounds and composites, particularly for automotive applications. The agreement covers
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antioxidants and light stabiliz- ers designed to prevent the deterioration of plastics exposed to heat, light and other effects. The objective is to produce compounds that meet the highest European stand- ards and OEM requirements. “Our joint activities with BASF will enable us to solve
COMPOUNDING WORLD | February 2014
practically any task related to stabilization of polymers in the process of development formulations for compounds and in ensuring polymer compliance with specific customer requirements,” said Miron Gorilovsky, the CEO of Polyplastic. Sergey Andreev, head of
BASF Russia and CIS, added: “We believe that our coopera- tion will contribute to further success of Polyplastic in regionalisation of compound production and in general development of the automotive industry in Russia and the rest of the CIS”. ❙
www.polyplastic.ru
www.compoundingworld.com
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