NEWS
Compounders head to Cleveland for sector’s biggest-ever event
The compounding industry is heading to Cleveland, Ohio, for the first Compounding World Expo in North America. Taking place on 8-9 May at the Huntington Convention Center, it is going to be the biggest- ever focused event for the plastics compounding industry, building on the success of last year’s debut expo in Essen, Germany. More than 2,000 people have already
registered to attend. The remaining free advance tickets for the exhibition and its two dedicated conference theatres are available online HERE. The number of exhibitors in the
Compounding World Expo has grown to more than 145. At the time of writing there are just three booths left, with the exhibition space expected to sell out.
Exxon to build PP unit in US
ExxonMobil is to construct a new PP unit at its integrated petrochemicals plant at Baton Rouge, Louisiana, US, expanding its Gulf Coast capacity by up to 450,000 tonnes/yr. Work on the new PP unit will begin this year and start-up is anticipated by 2021, it said. The move is in addition to the firm’s plans to invest $20bn in the region, including lubricants, ethane and LNG plants, as part of its ‘Growing the Gulf’ initiative. �
www.exxonmobil.com
www.compoundingworld.com Cleveland is hosting the Compounding World Expo PHOTO: SHUTTERSTOCK
Tickets have also been selling fast for the networking party at the nearby Rock and Roll Hall of Fame on the evening of the first day of the exhibi- tion. More than 600 have already been purchased, and the limited remaining tickets are available for $20 including drinks and canapes HERE. “We’ve been delighted by the
response to the US launch of our Compounding World Expo,” said Andy
Beevers, Events and Magazines Director at AMI, the organiser of the event and the publisher of Compounding World magazine. “It’s great to see everything coming together for what is going to be a really productive and enjoyable forum for the plastics com- pounding industry, providing excellent networking and
learning opportunities”. Visitors to the Compounding World Expo will also gain free admission to two adjacent exhibitions – the Plastics Recycling World Expo and the Plastics Extrusion World Expo – plus their three focused conference theatres. In total there are more than 260 exhibitors and over 130 speakers across the three expos and their conference theatres. For more information, CLICK HERE
PolyOne sees flat first quarter
Sales for the first three months of the year at PolyOne were essentially the same as in Q1 2018 at $900m, with growth of 3.5% from acquisitions offset by a 1.5% reduction in organic sales and a further 2% impact from unfavourable exchange rates. The company said it
expects to see an improve- ment in the second half of the year but is already addressing costs by “targeted workforce reductions” and reducing avoidable spending. Robert Patterson, Chairman, President and CEO, said key factors behind the flat result included lower automotive
sales in Europe and China, which impacted the Colour, Additives & Inks and Speciality Engineered Materials segments, and a decline in construction related sales, which mainly hit the Performance Prod- ucts & Solutions segment in
North America. This was only partly offset by a more favourable product mix and margin expansion in Distribution and improve- ment in composites and sustainable solutions. “In fact, we had our best
PolyOne CEO Robert Patterson
quarter ever for composites since we began investing in this space,” he said in a statement, pointing to 10% organic growth plus a further 7% from the acquisi- tion of Fiber-Line in January. Sustainable solutions, including packaging technologies that extend shelf-life for perishable beverages, grew by 34% in China in Q1, the company reported. �
www.polyone.com
May 2019 | COMPOUNDING WORLD 5
PHOTO: POLYONE
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