NEWS PolyOne sells US compound unit
PolyOne is to sell its Performance Products and Solutions (PP&S) com- pounding business to SK Capital Partners for $775m. The company says it expects to record a pre-tax gain of around $600m when the deal closes in Q4. The PP&S business, which
PolyOne President and CEO Robert M Patterson
generates sales of around $700m, provides PVC and PP-based compounds and contract compounding services and is primarily focused on the North Ameri- can construction and
automotive markets. It includes the Geon PVC compounds brands. PolyOne Chairman,
President and CEO, Robert M Patterson said the sale will allow it to accelerate growth in specialty products. “In the short term, proceeds from the sale will be used to pay down debt,” he said. “Longer term, we can further refine our focus on investing in and growing our three remaining segments: Specialty Engineered Materials; Colour, Additives,
Chromaflo buys Liquid Colours
US-based colorant firm Chromaflo Technologies is to buy the colorant disper- sion division of South Africa’s Liquid Colours, including its pigment dispersions and colourant technologies for decorative paint, in-plant systems, industrial coatings and other applications. The operations will be
integrated into Chromaflo’s new plant in Johannesburg. Product lines, technology and personnel will transition there over the next twelve months, the company said in a statement. Chromaflo Technologies
South Africa will be headed by Lyle Peters, formerly General Manager of Liquid Colours. The site is part of
Chromaflo’s APAC regional business, which is head- quartered in Australia. Chromaflo has produc- tion facilities at its headquar- ters in Ashtabula in Ohio, US, as well as Canada, the Netherlands, Finland, Australia, China, India, Malaysia, Mexico and South Africa. �
www.chromaflo.com
RTP bolts on Zeotherm
US compounder RTP Company has acquired the entire Zeotherm TPV product line from Japan’s Zeon Chemicals. Zeotherm TPV products are available in hardnesses
ranging from 70A to 40D. They offer continuous use performance at up to 150°C while withstanding long-term exposure to engine oils and lubricant greases. They also bond well to PA substrates in overmoulding applications. RTP Company General Manager TPEs, Todd Gummersbach, described the move as “the latest step in our rapidly expanding TPEs business”. The com- pany’s range in this field already includes compounds based on SEBS, TPV, TPU, POE, COPE and COPA. �
www.rtpcompany.com
6 COMPOUNDING WORLD | September 2019
and Inks; and Distribution.” The company, which
recorded 2018 sales of $3.5bn, said it expects full year 2019 adjusted EPS from continuing operations to grow 6-8% over the prior year. “We continue to benefit from recent invest- ments made in composites and other sustainable solutions which is helping us to deliver adjusted EPS growth in an otherwise challenging environment,” Patterson said. �
www.polyone.com
Canadian polyolefin planning
Newly-incorporated West Coast Olefins plans to build a $5.6bn petrochem- ical facility on a 160 hectare site it at Prince George in British Colum- bia, Canada. The project will include a world-scale ethylene plant and PE facility, with most of the PE targeting the Asian market. Following the formal
regulatory approval process, the company expects to make a final investment decision by the end of 2020. West Coast Olefins
RTP has acquired the Zeotherm TPE business
expects construction to take three years to full commer- cial operation, including public engagement and consultation processes. Once fully operational, the facility will create up to 1,000 permanent jobs. �
www.westcoastolefins.com
www.compoundingworld.com
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PHOTO: POLYONE
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