NEWS Avient shows its global reach
The additive and colour masterbatch market reach of Avient – formed in July from the acquisition of Clariant’s masterbatch business by compounder and distributor PolyOne – was outlined by executives in an online press confer- ence in November. They also discussed new prod- ucts to help customers achieve sustainability goals. Avient is expecting sales
of just under $4bn in 2020. The group has 105 locations in about 30 countries, compared with about 60 locations in 20 countries for Polyone before the deal. It has more than 16,000 customers.
Avient’s Cycleworks recycling demonstration plant opened in Pogliano, Italy in November
“We believe the acquisi- tion has been a multiplier,” said Jennifer Prugh, VP Corporate Marketing at Avient. The former Clariant masterbatch business operates in similar end markets to Polyone’s business. Woon-Keat Moh,
President, Color Additives Inks, Americas and Asia, said they also have similar and complementary technolo- gies. The two parts are also similarly aligned in their market trends areas, for example in the move to increased use of recyclate. In the Color Additives
Inks business, which accounts for half of Avient’s group sales, fewer than 10% of the combined customer base is formed of shared customers, which is “less overlap than we anticipat- ed”, said Michael Garratt, President, Color Additives Inks, EMEA. There is also a more even split in sales on a regional basis, he said: Europe 39%, US and Canada 32%, Asia 23% and Latin America 6%. New products include
Aazure, a process aid for PET that can reduce acetalde- hyde by up to 80% which allows higher levels of rPET to be used in drinks bottles. �
www.avient.com
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IMAGE: AVIENT
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