NEWS
Evonik sells US betaine business to Kensing
Evonik has sold its US betaines business to speciality chemicals company Kensing for an undisclosed sum. The divestment includes part
of the German firm's chemicals manufacturing site at Hopewell, Virginia. The remaining part of the
Hopewell facility, which produces additives for polyurethane foam manufacture, agricultural and industrial applications, together with approximately 100 employees, will continue to be an important part of Evonik’s North America region. Evonik will continue its betaine businesses in Europe, Asia and Latin America. “Betaines are an attractive and
profitable business, but they are no longer core to care solutions’
strategy, which is driven by high value-added system solutions,” said Yann d'Hervé, head of Evonik’s care solutions business line. “We are convinced, with the
new ownership under Kensing, the business will be in good hands for the North plant employees of Evonik,” he added. Betaines are amphoteric
surfactants, which are used as ingredients in the formulation of shampoos, hair conditioners and skincare products for the personal
care industry and in a wide range of other consumer applications. "The amphoteric surfactants and specialty esters manufacturing operations that Kensing will acquire as a result of this transaction are complementary to our existing product portfolio derived from plant-based feedstocks," said Kensing CEO Serge Rogasik. In a related development,
Kensing has acquired Vitae Naturals, a producer of plant sterol esters and non-GMO natural vitamin E derivatives for the food, nutrition and skincare markets. Founded in 2000 in Talavera
de la Reina, Spain, Vitae Naturals manufactures plant sterol esters under the Vitastero brand and natural vitamin E derivatives under the Vitapherole brand.
Henkel completes $70m Kentucky upgrade
Henkel has completed a $70m upgrade of its largest logistics operations in North America at Bowling Green, Kentucky. The logistics hub underwent
the upgrade over three years to integrate ‘Industry 4.0’ innovations to help optimise storage space, enhance efficiency, and drive digital automation. The state-of-the-art facility
supports Henkel’s Laundry & Home Care and Beauty Care production, storage and distribution of brands such as Schwarzkopf hair care and Dial soaps.
Henkel said the new digital
automation capabilities strengthen its supply chain resiliency and are a key enabler to proactively respond to dynamic market conditions. Digitization and cutting edge
technology allow more rapid exchange of data, streamline processes and increase supply chain resource efficiency, which optimises the warehouse structure and workflow. The 1.4m square feet logistics hub has the capability to store 200,000 pallets (up from 88,000) and enables up to 1,000 trucks per
day throughput (up from 200). "Increased automation allows
us to provide efficiencies and superior customer service, help our retailers meet consumer demand and increase operational agility," the company said.
Azelis makes ChemSol Malaysia move
Speciality chemicals supplier Azelis has agreed to acquire 100% of the shares of Chemical Solutions (ChemSol), a distributor of raw materials in the personal care, cosmetics and household markets in Malaysia. ChemSol, established in 2001, is headquartered in Shah Alam and has a dedicated personal care application laboratory.
www.personalcaremagazine.com Azelis said ChemSol’s extensive
product portfolio, specifically in actives and functional ingredients, would expand its lateral value chain in Asia-Pacific. It will also benefit from the
growing personal care market in Malaysia, especially in the Halal cosmetic industry. The transaction is expected
to close before the end of the third quarter, after fulfilment of
customary closing conditions. In a related development,
Azelis is to acquire ROCSA Colombia, a distributor active in both life sciences and industrial chemical markets in South America. ROCSA is one of the leading
speciality chemical distributors in Colombia, with a rapidly- growing presence in Peru and Central America.
NEWS IN BRIEF
Wacker Chemie is preparing to build a new silicone production complex at its Charleston facility in the US state of Tennessee. The German company has started a feasibility study as part of an expansion project at the site estimated to cost more than $200m and create more than 200 new jobs.
German chemical distributor Stockmeier has taken a majority stake in Italian counterpart Gamma Chimica. The Milan- based firm, which was established in 1980, recorded a turnover of around €275m in 2021.
Lanxess has completed the acquisition of the microbial control business unit of the US group International Flavors & Fragrances (IFF) for $1.3 billion. With the closing of the transaction announced in August 2021, Lanxess adds two production sites to its network in St. Charles, Louisiana, and Institute, West Virginia.
Zschimmer & Schwarz has sold Italian personal care product distributor Bregaglio to 2M of the United Kingdom. Bregaglio had been part of the Zschimmer & Schwarz Group since 2008 and is an established distributor for the personal care industry in Europe, with Italy as its core market.
CHT has broken ground of a $20m expansion at its US headquarters in Cassopolis, Michigan. The 45,000 square feet expansion will house CHT USA’s new organo-modified silicone polymer plant, bringing the total area to 120,000 square feet.
IMCD has appointed Henri Kwon as managing director of IMCD Korea, effective 1 August. Before joining IMCD, Kwon spent 20 years with Roquette, with his last role as Korea’s country head and head of distribution for Asia.
Hallstar has agreed to acquire Lanxess's esters manufacturing facility in Greensboro, North Carolina. The acquisition will expand Hallstar’s manufacturing capacity and product portfolio, and will include the ester manufacturing plant, select product lines and site personnel.
September 2022 PERSONAL CARE
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