Biesterfeld has expanded its partnership with South Korean manufacturer SONGWON. Building on the partners’ collaboration in the distribution of stabilizers, UV protection agents, and UV initiators for plastics and coatings, the portfolio will now be expanded to include the new functional monomers product group. Biesterfeld will be responsible for the European distribution of approximately 20 new products consisting of bisphenol-based monomers and high-performance monomers based on diacid anhydrides and dicyclopentadiene-phenol adducts (DCPD) for the production and modification of bonding agents.
“Resin manufacturers can benefit even more from the high performance, cost efficiency and competitive prices of our functional monomers, because we are now producing them in large quantities,” said Heinrich Schulte, head of Market Center Functional Monomers at SONGWON. “Our products are already well established on the Asian market, so now, working with Biesterfeld, we want to bring them to the European market.”
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from American Coatings Association https://www.paint.org/biesterfeld-and-songwon-strengthen-cooperation-in-europe/
AkzoNobel has completed the acquisition of 100 percent of the shares of Mauvilac Industries Limited, a paints and coatings company in Mauritius. The transaction includes a local production facility, four concept stores, and access to a strong distribution network, according to AkzoNobel.
The company stated that the acquisition of Mauvilac strengthens AkzoNobel’s footprint in Sub-Saharan Africa and supports its leading position in the African decorative paints market. The business reportedly generated revenue of around €20 million in 2018 and is a leading decorative and specialty paints and coatings manufacturer headquartered in Les Pailles, Mauritius.
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from American Coatings Association https://www.paint.org/akzonobel-acquires-mauvilac-in-sub-saharan-africa/
Celanese Corporation has completed the acquisition of Nouryon’s redispersible polymer powders business offered under the Elotex brand. With the completion of the acquisition, Celanese takes ownership of Nouryon’s global production facilities for redispersible polymer powders across Europe and Asia, all products under the Elotex® portfolio, and all customer agreements, technology and commercial facilities globally.
Celanese will integrate the Elotex product portfolio and production facilities into its global vinyl acetate ethylene (VAE) emulsions business to further meet global product demand, the company reported. Elotex has production facilities in Frankfurt, Germany; Geleen, Netherlands; Moosleerau, Switzerland; and Shanghai, China. The manufacturing facilities in Frankfurt and Geleen are co-located and operationally integrated with Celanese emulsions assets at these locations. Elotex R&D and Technical Services functions are located in Sempach, Switzerland.
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from American Coatings Association https://www.paint.org/celanese-completes-acquisition-of-elotex/
Nouryon has entered into an agreement to acquire the merchant triethyl aluminum (TEAL) business of Sasol, including its specialty fleet of returnable cylinders. The acquisition is the latest in a series of moves Nouryon has made to reportedly increase its footprint in the metal alkyls market, following an expansion of production capacity at its Rotterdam site and the acquisition of metal alkyls producer Zhejiang Friend in China.
“Our ambition is to strengthen our leadership position in catalysts to the global polymer industry and this acquisition allows us to take the next step in that journey,” said Johan Landfors, president of Technology Solutions at Nouryon. “The addition of this business will enable us to better serve our existing and new polymer customers.”
The transaction is expected to be finalized during the second quarter, after which Nouryon will gradually move production to its site in Rotterdam. Nouryon stated that it will continue to focus on building this part of its business and expects to make more bolt-on additions to its business in the future.
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from American Coatings Association https://www.paint.org/nouryon-to-acquire-metal-alkyls-business-from-sasol/
Synthomer has acquired OMNOVA Solutions Inc. According to Synthomer, the acquisition materially strengthens the company’s presence in North America, as well as increases its presence in Europe and Asia, including further penetration into the high growth Chinese market. Synthomer stated it intends to utilize best practices from across the enlarged Group to improve productivity and service.
The acquisition is expected to result in estimated recurring run-rate pre-tax cost synergies of $29.6 million per annum by the end of the third year following completion. The acquisition is also expected to be earnings accretive in the first full financial year following completion and strongly accretive thereafter, according to Synthomer. OMNOVA will reportedly be integrated into Synthomer accounts with immediate effect.
“I am very grateful to everyone who has helped us complete our acquisition of OMNOVA in a relatively short time frame following the initial announcement of the transaction at the start of July,” said Calum MacLean, CEO of Synthomer. “Synthomer now has global reach, a broader product portfolio and increased R&D capabilities with an exciting platform from which to attract talent and invest in future growth. We have already made strong progress to bring our businesses and I look forward to working closely with new colleagues around the world to take Synthomer forward.”
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from American Coatings Association https://www.paint.org/synthomer-acquires-omnova-solutions-inc/
Specialty chemical distributor Trans Western Chemicals has signed an exclusive distribution agreement with Prom USA for the Western United States.
Trans Western Chemicals stated that the partnership will strengthen its supply position in key developing markets and increase the value it can offer its long-standing customer base. Prom USA added that it is pleased to be working with a distributor as reputable and experienced as Trans Western Chemicals who help expanded sales coverage to support biocide actives.
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from American Coatings Association https://www.paint.org/trans-western-chemicals-signs-distribution-agreement-with-prom-usa/
Sinochem International Corporation has begun construction of its first overseas polymer additives plant in Rojana Industrial Park in Thailand. The company stated that the plant opening will further consolidate Sinochem’s global leading position in the polymer additive industry.
The new plant covers an area of about 64,000 square meters, with a reported total investment of about 290 million RMB, and it is expected to be put into operation later this year. Upon completion, Sincohem stated it will have an annual production capacity of 25,000 tons of rubber antioxidant, which will fill the gap in the production of rubber antioxidant in Southeast Asian countries and provide local supplies to the company’s downstream clients in the region.
“The construction of Sinochem’s Thailand base is a milestone in the company’s expansion into the international fine chemical industry,” said Su Fu, deputy general manager of the company and CEO of Sennics. “It will help to improve the stability of the Company’s global supplies, and at the same time, create more job opportunities to support the local economy.”
According to the company, Sinochem aims to build the Thailand plant into a new generation smart factory that serves as a model facility in South-East Asia. With the company’s experience in green production and green technology, the new plant will be eco-friendly, energy-saving and sustainable, Sinochem said. It will also fulfill high standards of product quality, resource utilization, emissions of wastes, and process safety, the company added.
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from American Coatings Association https://www.paint.org/sinochem-constructs-first-overseas-polymer-additives-plant-in-thailand/