news


Weak European/US demand hits H1 sales at A Schulman


Sales at A Schulman for the second quarter of the year were down more than 3.5% on Q2 2016 to $569m (1.8% down after accounting for currency moves); first half sales were down by near 6% to $1,169m (4.1% after currency correc- tions).


The company attributes


reduced demand in the key EMEA and North American markets as key factors in the sales decline. Gross GAAP profits of $89m for Q2 and $190m for H1 are in line with 2016 results. “We’ve stated this is a reset


year; however, I am highly encouraged with the steady progress we are making through the hard work of our teams,” said Joseph M Gingo, Schulman Chairman, Presi- dent and CEO.


“During the quarter, we


saw strong results in Engi- neered Composites and


A reset year: Joseph M Gingo


experienced continued growth in our Asia-Pacific and Latin America segments related to improved product mix and strength in Performance Materials. Our European business saw a year-over-year improvement in operating income despite the impact of foreign currency, in part, helped by our recent business simplification efforts,” he said. Gingo said the company’s


performance in the North America region remains


Epsan expands PPA offering


Turkish technical compounder Epsan Plastic has expanded its porrfolio of PPA and partially aromatic PA compounds for high temperature applications. Eplamid HT01 and HT03 are designed to plug gaps in the current range in terms of temperature resistance. “Polyphthalamides are


easily processable polymers which can exhibit different


8 Automotive air


vents produced in PPA


thermal properties according to their aliphatic and aromatic monomer compositions in their chemical structure,” said PPA Compounds Manager Irem Nehir Yilmaz. “We needed to


COMPOUNDING WORLD | April 2017


expand our product portfolio for polyphthalamides with different application according to different thermal resistances.” Eplamid HT01 is said to offer a high glass transition


temperature and high melting point; Eplamid HT03 is formulated for easy moulding and offers high mechanical performance. ❙ www.epsan.com.tr


www.compoundingworld.com


challenged by plant consolida- tion efforts, which he said were further complicated by the company’s problematic Lucent acquisition (see Compounding World January 2016). “I am confident that we have solid action plans in place to drive future profitability,” he added. Looking ahead, Gingo said


that if foreign exchange rates stay at current levels the company will see a $90m impact on full year sales and $8m impact on EBITDA for 2017. “As a result of potential foreign currency headwind, we are intensely focused on continuing to execute our strategy with a sense of urgency. We must deliver tangible benefits from our strengthened global sales organisation and aggressively commercialise value-added products in our expanding innovation pipeline.” ❙ www.aschulman.com


CNTs make oil storage anti-static


Russian storage tank producer Euro Accent Saba has started production of anti-static composite oil storage tanks using TUBALL single wall carbon nanotubes supplied by OCSiAL.


Adding 0.2% of TUBALL Matrix nanotube concen- trate to the polyester resin has allowed the company to produce glass fibre composite plastic tanks with a uniform electrical resistance of 105


Ω/cm,


according to OCSiAl. “Over the last 6 months


alone, OCSiAl, together with Russian manufacturers of fiberglass plastic pipes and tanks, has launched four successful projects in this field,” said Sergey Zasukh- in, the Managing Director of OCSiAl. ❙ www.euroaccent.ru ❙ www.ocsial.com


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