NEWS


Azelis to seek IPO


Distributor Azelis is planning an IPO on the Euronext market in Brussels. This is expected to consist of a primary offering of newly issued shares from a capital increase and a secondary component from existing shareholders, which will be carried out as a private placement to qualified investors. The company, which is


currently owned by private equity firm EQT, is target- ing gross proceeds of about €880m. Together with borrowings under new credit facilities, it said the move will “significantly strengthen its financial position” by paying down existing debts of about €1.6bn and giving it increased financial flexibility. � www.azelis.com


DSM mulls plastics exit


DSM has announced a strategic review of its activities that may lead to a sale of its plastics materials businesses. The move is part of a plan to simplify its operating structure and reorganise its activities into three business groups focused on: health, nutrition and care; animal nutrition and health; and food and beverage. DSM’s materials business includes its Engineering


Plastics unit, which produces Akulon PA6/PA66, Stanyl PA46, EcoPaxx PA410, Arnite PET/PBT, Fortii PPA4T, and Xytron PPS. It also includes the Performance Materials division, which produces Dyneema UHM- WPE fibres.


“By focusing exclusively on our health, nutrition and bioscience activities, we will be able to operate with greater agility and impact and meet the growing need


for better and more sustain- able nutrition,” according to joint CEOs Geraldine Matchett and Dimitri de Vreeze. The company said in a


statement that the materials business “will likely not be able to maximise their full potential to drive the important industrial shift to a bio-based and circular economy” within the new structure. � www.dsm.com


Sumika adds HP lines in Turkey


Sumika Polymer Com- pounds Europe has started production of its Thermofil HP high performance PP compounds for the automo- tive sector at its plant at Gemlik in Turkey. Thermofil HP grades are


short glass reinforced PP compounds that are said to offer performance allowing them to substitute PA, PBT


and LFT-PP in certain applications. Characteristics include low density and good mechanical and creep performance. Sumika, a subsidiary of


Japan’s Sumitomo Chemi- cal, said the Gemlik plant, which is one of three former Emaş Group locations it acquired in 2019, will supply the HP grades to customers


in Turkey and the Black Sea region. The company plans to


produce the HP products at its other two Turkish locations at Bursa and Mainsa in the future. It estimates the Thermofil HP products will lift its capacity in Turkey to around 60,000 tonnes/yr. � www.sumikaeurope.com


Jabil develops compostable barrier PHA


Jabil Packaging Solutions has partnered with Spanish coffee roaster Prosol to intro- duce a 100% home com- postable coffee capsule that offers high barrier perfor- mance to eliminate the need for secondary film wrap. The company told


Compounding World the new capsule uses a mono- layer construction based on a blend of PHA compound- ed with additives to improve water vapour and oxygen barrier and enhance degradation. The material is


6


Above: Jabil’s PHA coffee capsules deliver high barrier and compostability


said to provide a renewable content of more than 75%. “The capsule and coffee grounds work together to


COMPOUNDING WORLD | October 2021


break down in-home or commercial composting environments – reducing both packaging waste as


well as coffee grounds waste,” said Ayana Johnson, Vice President of Technol- ogy at Jabil Packaging Solutions. Jabil said it aims, togeth-


er with Prosol, to deliver more than 500m of the capsules in Europe over the next four years. A spokes- person for the company declined to comment on whether the current PHA supply chain could support those numbers. � www.jabil.com � www.prosol.coffee


www.compoundingworld.com


IMAGE: JABIL PACKAGING SOLUTIONS


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