search.noResults

search.searching

dataCollection.invalidEmail
note.createNoteMessage

search.noResults

search.searching

orderForm.title

orderForm.productCode
orderForm.description
orderForm.quantity
orderForm.itemPrice
orderForm.price
orderForm.totalPrice
orderForm.deliveryDetails.billingAddress
orderForm.deliveryDetails.deliveryAddress
orderForm.noItems
NEWS


Akdeniz/Chemson merger to create $500m stabiliser giant


Merger creates a $500m giant in PVC additives


Turkish investment fund OYAK is to merge its Akdeniz Kimya and Chemson businesses to create a global market leader in PVC stabilisers with annual sales of around $500m. The new company, which will have a sales presence in more than 100 countries, is named Akdeniz Chemson. OYAK, which is the largest occupa- tional pension fund in Turkey, said the merged entity will remain active in M&A and will develop new products for different industries and markets, in addition to its existing range. It aims to grow sales to $750m and capacity to 250,000 tonnes/year.


Barentz to acquire Maroon


Netherlands-based Barentz International, a global distributor of life science ingredients, is to buy Maroon Group, one of the largest speciality chemical distributors in North America. The deal is expected to close within 2020.


Ohio-headquartered Maroon operates across the


US and Canada and turns over around $500m annually. It is active in the life science sector as well as distributing a range of chemicals and additives for use in plastics. Barentz said the acquired business will continue to be run by current CEO Terry Hill and his management team. Barentz said there is little


overlap between the two companies in product and markets and considerable scope for synergies. It said the acquisition was aligned with its strategy “to become a global leader in the life science and broader speciality chemical indus- tries”. � www.barentz.com � www.maroongroupllc.com


Milliken’s PP clarifier approved


Following testing by Europe’s RecyClass PP Technical Committee, Milliken’s Millad NX 8000 clarifying agent has been classified as fully compatible with current European industrial recycling processes for PP containers. RecyClass certifies that Miliken Millad NX 8000 will not have a negative impact on European PP container recycling where the container is made of clear PP, the density of the final packaging is less than 1 g/cm3


, and where


the clarifying agent accounts for less than 0.4% of the total weight. � www.recyclass.eu


www.compoundingworld.com


Above: Tests show Milliken’s NX8000 clarifier will not compromise PP recycling


“We will increase our diversity in the industry and product groups as a result of the merger,” said Süleyman Savaş Erdem, OYAK’s General Manager. Focus markets will include Europe,


Russia, the Turkic republics of Central Asia, North Africa, Middle East, US, China, Brazil and Australia. Akdeniz Chemson will also continue to manu- facture many of the raw materials for its calcium, zinc and lead-based stabilisers in its six facilities. OYAK acquired Austrian-headquar-


tered Chemson in 2013. � www.akdenizchemson.com


SABIC’s specialty split is on


SABIC said that its Special- ties strategic business unit (SBU) becomes a separate, stand-alone business from 1 November. The company said the new stand-alone model for the Specialties SBU will bring additional value to customers for its Ultem and Noryl resins and LNP compounds and copoly- mers. “The task we have as a business is to continue to strengthen our market position and bring added value to our customers,” said Ernesto Occhiello, Executive Vice President Specialties at the company. Anticipated capacity


expansions for Ultem and Noryl resins are “progress- ing”, the company said. � www.sabic.com


November 2020 | COMPOUNDING WORLD 5


IMAGE: AKDENIZ CHEMSON


IMAGE: MILLIKEN


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66