NEWS
Recycled ABS for moulding
The Molding Solutions business unit of Barnes Group and Ineos Styrolu- tion are to collaborate on sustainable ABS. Ineos Styrolution has pledged to incorporate at least 325,000 tpa of recycled materials into its products. The collabora- tion will focus particularly on the group’s Terluran ECO GP-22 MR-50 and 70 ABS grades which contain 50% and 70% respectively recycled post-consumer waste electrical and electronic equipment. Both will be black. “With our unique technology, we are able to expand our moulding capabilities of post-con- sumer recyclate to meet the required product quality,” said Stefan Kruppa, VP of R&D for Molding Solutions. “Our aim is to enable customers to achieve the best results in the injection moulding process with recycled ABS.” �
www.barnesgroupinc.com �
www.ineos-styrolution.com
Lanxess, DSM, Advent shake up ETP sector
Two leaders in engineering thermoplastics have prepared their exit from the sector with DSM selling its Engineering Materials business to a new joint venture between Lanxess and private equity group Advent. Lanxess is contribut- ing its High Performance Materials business unit to the JV but it will be the minority partner with a stake of up to 40% and an initial payment of at least €1.1bn. Following the transfer to
the JV, the HPM business will no longer be fully consolidated at Lanxess. The group will have the possibil- ity to divest its stake in the JV to Advent after three years.
On 31 May, when DSM announced the €3.7bn sale of its ETPs business, it also confirmed its focus on nutrition and related fields by agreeing to merge with Swiss flavours and fragranc- es house Firmenich. The JV’s purchase of DSM Engineering Materials will be financed via equity from Advent and external
Above: Lanxess HPM’s production facility in Krefeld, Germany
debt. Combined with Lanxess HPM, the new ETP group will have annual sales of around €1.5bn, with EBITDA pre-exceptionals of around €210m and an EBITDA margin of about 20%.
Lanxess HPM is a major
producer of PA 6, PBT and thermoplastic fibre compos- ites. There are 1,900 employees at seven production sites and seven research locations, of which the most significant by far is at Antwerp in Belgium. Most of its ETP products are sold into the automotive market.
DSM Engineering
Materials produces PA 6, 66, 46 and 410, plus PPS and speciality polyesters. It has about 2,100 employees at eight production sites and seven research centres. As well as Europe and the US, it has a strong presence in Asia. The transaction is subject
to approval by the authori- ties. Closing is expected in the first half of 2023. Lanxess is now planning a share buyback programme of up to €300m. �
www.lanxess.com �
www.dsm.com
RadiciGroup buys ETP facility in India
RadiciGroup has continued its interna- tionalisation by acquiring the Engi- neering Plastics business of Ester Industries in India for approximately €35m. This includes one site that is due to become operational in early 2023. The newly acquired business will become part of RadiciGroup’s High Performance Polymers (HPP) business area, which makes engineering
4 INJECTION WORLD | June 2022
polymers based on PA, polyester and other materials.
“In the Indian market, a strong
presence is required to react to growth opportunities in sectors with short and responsive production chains,” said Maurizio Radici, COO of RadiciGroup. “From the start, the strategy of our HPP business area has been based on working locally in the closest proximity
to customers.” Acquiring Ester’s site, the company
added, will add to another that is also under construction in China in boost- ing its footprint in Asia. It aims to achieve sales of €50m in India. At present, the compounding business accounts for one-third of the group’s total sales worldwide. �
www.radicigroup.com
www.injectionworld.com
IMAGE: LANXESS
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