NEWS IN BRIEF...
German pigment producer Heubach has completed the previously announced acquisition of Clariant’s colorants business. Renamed Heubach Group and headquartered in Vienna in Austria, the company now has 19 manufacturing and sales of around €1bn.
www.heubachcolor.com
Spanish engineering plastics compounder Repol has commissioned a new Coperion ZSK 58 Mc18 extruder. The machine will increase production capacity and improve final quality, the company said.
www.repol.com
Huber Engineered Materials (HEM)
completed the acquisition of RHI Magnesita’s 50% stake in their Austrian- based Magnifin Magnesiaprodukte joint venture at the end of 2021. Magnifin produces coated and uncoated magnesium hydroxide flame retardants for use with thermoplastics and elastomers requiring processing temperatures above 300°C.
www.hubermaterials.com
Cargill buys Croda PTIC businesses for €915m
Croda International is to sell most of its Performance Technologies & Industrial Chemicals (PTIC) business to a wholly-owned subsidiary of US agri- products group Cargill for €915m. The deal includes Croda’s wholly-owned production facilities located at Gouda in the Netherlands and Hull in UK, as well as 100% of the Croda Sipo JV in China (in which Croda currently holds a 65% stake). Croda said if full ownership of the Sipo business cannot be achieved it will be excluded
from the sale, reducing the deal value by €140m. Together, the divested businesses accounted for 77% of PTIC’s 2020 revenues of £470m. The transaction includes production and laboratory facilities supporting activities in smart materials, energy technologies, and industrial chemicals. Croda said the deal is
expected to close in the summer of 2022, subject to usual regulatory approvals and consultation with employee representatives. It is part of Croda’s plan to
focus its activities on sciences and consumer care; it had announced it was reviewing options for PTIC in May last year. According to Cargill, the
acquired business will “dramatically expand” its bioindustrial footprint. “Aligning with Cargill’s commitment to sustainability, more than two-thirds of the raw materials used to manufacture these solutions are bio-based and renewable,” the company said. �
www.croda.com �
www.cargill.com
Festool selects Wipag PA66
Industrial vacuum cleaner maker Festool is using a PA66 compound from Germany’s Wipag containing 30% recycled carbon fibre content to produce its suction module pre- separators. The WIC PA66 compound is electrically conductive, which
prevents static build-up and discharge, and offers good impact resistance. Wipag, part of Otto Krahn Group, said it worked closely with Festool to ensure its sustainability, performance, safety and durability requirements were met. WIC products are made using Wipag’s carbon recycling technology, which sources carbon fibre from lightweight composite production waste. �
www.wipag.de
Ineos joins food grade PP recycling project
Ineos Olefins and Polymers has joined the NextlooPP project, a UK technology collaboration aiming to manufacture food-grade PP from post-consumer recycled (PCR) packaging. The Ineos/NextlooPP project aims
to validate the manufacturing process and assess its commercial viability,
10 COMPOUNDING WORLD | January 2022
with the aim of securing approval from the UK Food Standards Agency and EFSA in the EU. Carried out at the Ineos site at Grangemouth in Scotland, project results will feed into longer term plans to build a 10,000 tonnes/yr demonstration plant. Currently, PP food packaging is
produced from virgin material; the UK
uses more than 210,000 tonnes/yr in this application alone. “This isn’t unique to the UK but a large global issue that Ineos and its partners are determined to change,” said Graham MacLennan, Polymer Business Manager at Ineos O&P UK. �
www.ineos.com �
www.nextloopp.com
www.compoundingworld.com
IMAGE: FESTOOL/WIPAG
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