NEWS
ReadCo adds rental options
US-based Readco Kuri- moto now offers a short term rental programme covering two of its Continuous Processors offering throughputs up to 900 kg/hr. Available as a month-to-
month lease with a typical monthly rate of 2-5% of the purchase price, the company says the scheme will allow customers in the plastics and chemicals sector to test machinery in actual operating condi- tions on-site, validate processes, and fully examine the impact of a move from batch to continuous processing. It will also enable customers buying new machines to begin operation while their custom units are being manufactured. When ready, up to 60 days of rental payments may be applied to the purchase. �
www.readco.com
Clariant and Sabic suspend performance merger plan
Clariant and SABIC have temporarily suspended discussions aimed at creating a joint High Perfor- mance Materials business from the former’s Additives and high value masterbatch operations and some of the latter’s Specialties units. The decision has been made due to current market conditions, the two companies said. Clariant added it will continue with the previously announced divestment of its Pigments business and that it will now also sell the entirety of its Masterbatches business by the end of 2020 (it had previously planned to retain the high value part).
Shortly before the
suspension announcement, Clariant CEO Ernesto Occhiello – who joined Clariant from SABIC last year after it acquired a 25% stake in the Swiss firm – re- signed “for personal reasons with immediate effect”. Former CEO and chairman of the board Hariolf Kottmann has taken over his role until a replace- ment can be found. Clariant said sales from continuing operations grew by 4% in local currency terms to CHF2.23bn (€2.0bn) in the first half of the year, thanks to higher volumes and pricing.
EBITDA before exceptional items for continuing operations fell by 2% to CHF355m (€323m). Kott- mann described the half-year as “admittedly challenging”, especially Q2 “which was additionally impacted by temporary negative influences and one-off occurrences”. The strongest business
areas were Catalysis and Natural Resources. The discontinued Masterbatches and Pigments units were 2% down, “negatively impacted by the weakened economic environment”. �
www.clariant.com �
www.sabic.com
Ultranox FDA use extended
The US Food & Drug Administration has granted an extension of existing approvals to the SI Group’s phosphite antioxidant Ultranox 626 for use as a food contact substance in PP homopolymers and copolymers under Conditions of Use A-H, as listed in Food Contact Notification 1988.
Ultranox 626 is also used in homopoly- mers and copolymers of ethylene, and in elastomers and engineering compounds. The extension is specific to the material manufactured at the company’s Morgan- town facility in West Virginia in the US. �
www.siigroup.com
NEO Group moves ahead with BKG
Lithuanian PET resin producer NEO Group has commissioned four more BKG pelletisers at its site at Klaipedia, where it has started up a third production line. The company, which now claims to be Europe’s second biggest supplier of PET with 480,000 tonnes of production capacity, origi- nally bought the pelletisers as part of a block of 12 when it commis- sioned the first two production lines. The machines, which were supplied with polymer diverter valves, gear pumps, water systems, pellet dryers, and controls, have been in storage since then. “We simply opened the shipping boxes, assembled the BKG components, and plugged them in,” said Ruslanas Radajevas, General Manager of the Klaipeda plant. “After 12 years in storage, everything ran extremely smoothly—no problems, no troubles.” �
www.nordson.com
6 COMPOUNDING WORLD | August 2019
The NEO facility at Klaipeda in Lithuania
www.compoundingworld.com
PHOTO: NEO GROUP
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