NEWS
Trinseo set to exit styrenics
Trinseo is considering the disposal of its styrenics operations, including its Feedstocks and Polysty- rene reporting segments and 50% stake in Americas Styrenics, and plans to launch a formal sale process in Q1 2022. President and CEO
Frank Bozich said the sale “would represent another key step in our transforma- tion toward becoming a specialty materials and sustainable solutions provider”. He said the company would prioritise investments in its higher growth, higher margin areas such as Engineered Materials. The disposal plan was announced in the com- pany’s Q3 results, where it reported sales up by 87% on Q3 2020. This was attributed to high prices due to the pass-through of the rising cost of raw materials such as styrene and butadiene, as well as a contribution from acquired businesses within its Engineered Materials segment. �
www.trinseo.com
Compounding World Expo returns to US
The Compounding World Expo, Plastics Recycling World Expo and Plastics Extrusion World Expo made a successful return to the Huntington Center in Cleveland, Ohio, US, on November 3-4, 2021, and were joined by the new Polymer Testing World Expo. Organised by AMI, publisher of Compounding World, the expos brought together more than 220 exhibitors and attracted more than 3,000 visitors, making it North America’s largest plastics industry exhibition of 2021. The event also provided the opportunity for the industry to get together after almost two years of lockdowns, travel bans and event cancellations. Many attendees were enjoying in-person meetings with customers and suppliers for the first time in 18 months. “There is no substitute for face-to-face meetings within our industry,” said Mike McCormack, Business Unit Manager at SACO AEI Polymers Distribution, adding: “Everyone I ran into was glad to be back”. His
Above: US compounders got back to face-to-face meetings in Cleveland last month
view was echoed by Emily Burkhart, Process Engineer at 3A Composites, who said: “I gained so much from this well-organised show – learn- ing, networking, catching up with industry friends, and getting inspired.” The five conference
theatres hosted more than 100 speakers and proved very popular, with attendees eager to catch up on the latest industry develop- ments and market trends. The evening show party at the Punchbowl Social was also well attended and provided an extra opportu- nity for networking in a
more relaxed environment. “Exhibitors were delight- ed with the quantity and quality of the visitors to their booths,” said Kelly DeFino, Expo Sales Manager at AMI. “More than 140 have already rebooked their booths for next year, and many visitors have expressed interest in becoming exhibitors.” The Compounding World
Expo, Plastics Recycling World Expo, Plastics Extrusion World Expo and Polymer Testing World Expo return to Cleveland on November 9-10, 2022. �
https://www.ami. international/exhibitions
Merger creates an antimicrobials giant
Arxada, formerly known as Lonza Specialty Ingredients (LSI), is to merge with Troy in a move that will create a leading force in antimicrobial products and additives. Troy is among the world’s largest players in industrial preservation and biocidal technologies, including
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antimicrobials for plastics. Arxada described the move as “a logical next step in Arxada’s strategy to strengthen its offering and enhance the capabili- ties of its Microbial Control Solutions business”. The merger gives Arxada production sites at Newark in the US, Horhausen in
COMPOUNDING WORLD | December 2021
Germany, Moerdijk in the Netherlands, and Kabinburi in Thailand. Private equity funds Bain Capital and Cinven, which bought LSI from Lonza in July, will be the majority owners, with Troy’s owners also investing. �
www.arxada.com
www.compoundingworld.com
IMAGE: AMI
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