NEWS


Domo Chemicals ramps up operations in India


Domo Chemicals, producer of the Technyl polyamides brand, has officially ramped up its compounding operations in Mumbai, India. It said this strategic


expansion strengthens its position as a solutions provider in the region, and expands its portfolio of engineered materials based on polyamides and other resins. “The establishment of the new line shortens the delivery timeline for our Indian and other Asian customers,” said Soumya Mishra, Head of EM Busi- ness India at Domo. “It will also be accompanied by


Ascend US goes into Chapter 11


increased technical support from our local R&D team to help our clients achieve their innovation ambitions.” India’s rapid industrial


growth, particularly in e-mobility and electronics, is fuelling the need for light- weight, flame- and heat- resistant, and sustainable


materials. Domo’s enhanced capacity will produce locally high-value engineered plastics based on polyam- ides and other resins, designed for applications such as electronic connec- tors, smart devices and automotive components. � www.domochemicals.com


Generational shift at Polykemi


At the turn of the year, the third generation of the family-owned Polykemi Group will step into top leadership roles. The current CEO, Ola Hugoson, and Deputy CEO, Lars Hugosson, sons of founder Hugo Jönsson, will both remain involved in the group in advisory roles but will pass on their titles and


positions to their children. The Swedish compound company said this decision is based on a shared vision of how Polykemi should continue to operate as a family business in relation to employees, customers, and suppliers.


Oscar Hugoson, son of


Lars, will step up as the Global CEO for Polykemi


Group; Herman Hugosson will become the CEO of Polykemi AB; and Gustav Hugoson will take on the role of Deputy CEO of Polykemi Group. Johan Hugoson will continue in his role as CEO of Polykemi in the US, and Vendela Hugosson will stay in her role as a Procurement Assistant. � www.polykemi.se


Polyamide producer Ascend Performance Materials has initiated Chapter 11 in the US Bankruptcy Court for the Southern District of Texas in order to help it restruc- ture its debt. The company said it intends to operate as usual throughout the Chapter 11 process and subsidiaries located outside of the US are not included in the filings.


With the support of its


lenders, the company will use the Chapter 11 process to pursue a value-maximising restruc- turing transaction that will enable it to emerge from proceedings a healthier business, it said. Phil McDivitt, President


and CEO, said the com- pany is confident that the Chapter 11 process will put it on “a path to becoming an even stronger company with a healthier financial struc- ture” and better positioned in delivering high-perfor- mance materials to customers. � www.ascendmaterials.com


KraussMaffei hosts World of Extrusion event


KraussMaffei said its World of Extrusion TecDay in Laatzen, Germany, in March, drew over 300 visitors from 44 coun- tries and featured keynote speeches by notable figures and partners from industry and research, as well as live demonstrations. The first part of the three-day event


10 COMPOUNDING WORLD | May 2025


was dedicated to pipe and profile extrusion, a highlight being a new PVC multi-layer pipe head. The second part of the event was devoted to recycling and the circular economy, with the premiere of a new machine concept for the controlled upcycling of post- consumer plastic waste into high-quali-


ty automotive compounds. The program was complemented by pioneering technologies such as the use of artificial intelligence in com- pound development, smart sensors for in-line quality monitoring, and solu- tions for cable compounds. www.kraussmaffei.com


www.compoundingworld.com


IMAGE: DOMO


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