NEWS IN BRIEF...
Following its acquisition by Grafe Group last year, Swiss specialty compounder Color Technik is now able to offer the full Grafe Polymer Solutions range of masterbatches to its local customers. The company continues to supply its own products, including its specialty products for fluoro and high temperature polymer applications.
www.grafe.com
www.colortechnik.swiss
Aurora Plastics has appointed Tim Huskey to the post of Chief Operations Officer, reporting directly to CEO Darrell Hughes. Huskey is a chemical engineering graduate and joins the compounding company from packaging group Berry Global, where his most recent position was Executive Vice President of Operations.
www.auroraplastics.com
Penn Color grows with Asian technical centre
Colour masterbatch and pigment dispersion special- ist Penn Color officially opened its new Technology Centre on the Singapore Science Park earlier this month, underpinning its growing presence in the Asian marketplace. The $3m centre
incorporates laboratory, prototyping and sampling equipment and is intended to speed up the product development timeline for existing and new customers in the Asian region. “This is an inspiring studio
where designers, brand managers, business leaders, process engineers, convert- ers, equipment manufactur- ers, materials suppliers, and technical experts come together to harness their collective creative power and expertise,” said Kevin Putman Jr, President and
Above: Penn Color’s new Singapore Technical Centre aims to inspire designers
CEO of Penn Color. “Thanks to our world- class capabilities and enabling technologies, new product development teams will condense weeks of development into days, and production-ready products will be available faster than ever before,” he said. The Singapore centre joins two other Penn Technical Centres, one
located at the company’s global headquarters at Hatfield in Pennsylvania in the US and a second at Venray in the Netherlands. At present, Penn Color manufactures in the US and Europe but said it is currently planning to add both design and manufacturing capacity to support customers in the Asian region. �
www.penncolor.com
Borealis invests to secure recycled inputs
Borealis has taken a majority stake in Renasci, a Belgium- based provider of recycling technology and creator of the Smart Chain Processing (SCP) concept, which combines multiple waste stream treatment platforms in a single facility. The move increases
Borealis’ stake in the company to 50.01% (it has held a 10% stake since 2021). According to the resin producer, the move underlines its confidence in the potential of the SCP
6 COMPOUNDING WORLD | January 2023
concept in reaching its own circular ambitions. These include lifting its volume of circular materials to 600,000
tonnes by 2025 and to 1.8m tonnes by 2030. “With this investment, we mark another milestone on
The Renasci production plant at Ostend in Belgium
our path to realising our Strategy 2030 goals. Our acquisition of a controlling stake in Renasci has the potential to unlock significant progress on circularity for our entire industry,” said Borealis CEO Thomas Gangl. The controlling stake in
IMAGE: BOREALIS
Renasci will provide Borealis with a secure supply of chemically recycled feedstock for its Borcycle C portfolio from the Renasci plant at Ostend in Belgium. �
www.borealisgroup.com
www.compoundingworld.com
IMAGE: PENN COLOR
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