NEWS Coperion owner wins Milacron
US industrial group Hillen- brand, the owner of Coperi- on, completed its $1.9bn acquisition of Milacron Holdings last month following approval of its cash and stock offer by Milacron shareholders. “The completion of the
Hillenbrand CEO and President Joe Raver
Milacron acquisition represents a pivotal step in our journey to become a world-class global diversi- fied industrial company, and we look forward to realising the benefits of this trans- formative transaction,” said Joe Raver, President and
CEO of Hillenbrand. Milacron has annual sales
of more than $1bn in plastic technology and processing, with particularly strong market positions in hot runner systems and injection moulding equipment. Hillenbrand generated
revenues of $1.81bn in the year to end of September 2019. Its Process Equipment Group, which includes Coperion and Rotex, accounted for sales of $1.27bn and saw growth of 5%. The company is forecast- ing annualised cost synergies
ECHA investigation reveals poor SVHC communication
A pilot investigation carried out by the European Chemicals Agency across 15 countries has found the presence of SVHCs (substances of very high concern) in products is not being effectively communi- cated through the supply chain. The project inspected 682 articles
considered likely to contain SVHCs from 405 companies and found that 84 (12%) con- tained SVHCs at concentrations above 0.1 wt%. Of the 45 articles where the manufac- turer had a duty to communicate SVHC pres-
ence along the supply chain, this was only done for five articles. In addition, the investigators found 37 out
of 42 companies failed to provide the name of the substance to recipients of their articles. “While nearly 90 % of the products do not contain substances of very high concern above 0.1 %, the report clearly shows a failure of communication in the supply chain,” said Erwin Annys, Head of ECHA’s Support and Enforcement Unit. �
www.echa.europa.eu
SABIC makes impact in water
SABIC has added Noryl WM330G to its portfolio of high-performance thermoplastics for water management applications. The 30% glass-rein- forced PPE grade, which is produced at the company’s site at Bergen-op- Zoom in the Netherlands, is said to be the first in a family of materials featuring proprietary impact-resistant technology. Key claimed benefits include higher burst pressure and better
resistance to fluctuating pressure and creep rupture. SABIC said this will open up opportunities in new applications such as ultrasonic water meters and instant water heaters, as well as volumetric water meters, pump housings, control valves and hydro blocks. �
www.sabic.com
8 COMPOUNDING WORLD | December 2019
SABIC’s latest PPE for water applications offers
better creep performance
of $50m within three years as a result of the acquisition. Hillenbrand said the addition of Milacron to its portfolio will mean “in- creased scale and meaning- ful product diversification” and “expanded capabilities across the plastics value chain, including base resins production, compounding, plastics processing and recycling”. Hillenbrand said it is
reviewing strategic alterna- tives for Milacron’s Cimcool metal-cutting fluids business. �
www.hillenbrand.com
NEWS IN BRIEF...
Switzerland’s EMS Group has sold its automotive airbag igniter business – EMS-Patvag – to Hirten- berger of Austria. The company said the business was non-core (accounting for less than 1% of sales) and is in line with its strategy of focusing on high-performance poly- mers and high-margin specialities.
www.ems-group.com
Merck has held a topping out ceremony for its new effect pigments facility at Gernsheim in Germany. The €28m investment will significantly increase its production capacity for silicon dioxide flakes., which are used in its Colourstream and Xirona brands of effect pigments.
www.merck.de
www.compoundingworld.com
IMAGE: HILLENBRAND
IMAGE: SABIC
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