Clariant Chemicals completes acquisition of Plastichemix Industries

MOSCOW (MRC) -- Clariant Chemicals (India ) Ltd., an affiliate of Clariant AG, a world leader in specialty chemicals, has announced the successful closure of the acquisition of Plastichemix Industries, reported Plastichemix on its site.

On December 16 2013, Clariant Chemicals (India) Limited had announced its intent to acquire Plastichemix Industries - a Gujarat based masterbatches business in India, with production facilities at Rania, Kalol and Nandesari.

Clariant in India will now be one of the leading masterbatches producer, that will offer a wide range of products like black, white, additive, filler & colour masterbatches, flushed pigments & mono-concentrates and engineering plastics
compounds.

Dr. Deepak Parikh, Vice-Chairman and Managing Director, Clariant Chemicals (India) Ltd. said, "Our recent business developments are a proof of our commitment to the growing Indian market. We believe that reinvesting in our businesses will strategically align our business goals and objectives globally. In this process, we aim to reshape our portfolio and maintain profitability in our core businesses that will benefit all stakeholders."

Explained Mr. Sandeep Puri, India BU Head of Masterbatches, "This acquisition helps us enhance our product portfolio and provide the exacting needs of our customers. Our wider marketing network also enables us deliver faster and tailor-made service levels to them, ultimately resulting in a win-win situation for each other."

As MRC reported earlier, this summer, Clariant and Tasnee, one of the largest industrial conglomerates in Saudi Arabia, signed an agreement to establish a masterbatches joint venture in Saudi Arabia.

Clariant's Masterbatches business unit is a recognized global leader in color and additive concentrates and performance solutions for plastics.

Clariant Chemicals (India) Limited and custom color and additive products with production of more than 10,000 color matches which are completed each year. With more than 50 manufacturing plants around the world, Clariant
Masterbatches products, technology and service deliver competitive advantages that foster long-term customer relationships.
MRC

BASF plastics solutions help Asia Pacific innovate for sustainability

MOSCOW (MRC) -- BASF, the world's largest petrochemical producer, and its customers are innovating with plastics solutions in Asia Pacific to address the sustainability challenges of the region and the world, as per the company's press release.

At Chinaplas 2014, BASF will demonstrate solutions that help local and international companies compete in areas such as lightweight solutions that improve automotive fuel efficiency and comfort; consumer product safety; buildings with better environmental performance; and manufacturing efficiency, which is enhanced through accelerated polymer densification and other process innovations.

Dr. Zheng Daqing, Senior Vice President Business & Market Development Greater China, BASF, said, "Rapidly changing consumer needs in China and other emerging markets, the result of fast urbanization and growing disposable income, are creating challenges in areas such as energy use, consumer product safety, and waste management. With the latest plastics solutions, we are collaborating with our customers on innovations to address these challenges that are developed in Asia Pacific, for Asia Pacific and the world."

Thus, at Chinaplas 2014, for the first time BASF will reveal their latest concept for car seats, developed in collaboration with AP Solutions, a Korean design and engineering agency specialized in the automotive industry. Taking design trends and regional market needs into account, BASF materials were used in an innovative way to allow weight and space savings as well as unique styling possibilities to enable maximum design freedom for slimmer, lighter and more comfortable car seats.

To enable greater productivity and energy savings in the plastics industry, BASF will introduce additives that allow faster roto molding cycle for polymer densification. Polyethylene (PE) stabilized with Irganox CB Roto promotes densification of the polymer during molding and enables the production of products with high impact properties after shorter heating times and lower oven temperatures.

Showcasing the world’s first co-extruded PVC-PBT window profile, BASF will also launch the latest innovation in its Ultradur (Polybutylene Terephthalate) product range. This new grade can be co-extruded with polyvinylchloride (PVC) and hence optimizes the manufacturing process of window profiles. Replacing steel as reinforcement in window profiles, the lightweight Ultradur eliminates cold bridge effects and significantly increases energy efficiency while at the same time adding comparable durability and strength.

As MRC wrote before, BASF is also enhancing new technologies and materials for plastics solutions by strengthening its research and development capacity. Last month, BASF established the research initiative "Network for Advanced Materials Open Research" (NAO) at its Innovation Campus Asia Pacific in Shanghai together with seven leading universities and research institutes in China, Japan and South Korea. The initial focus is on products for the automotive, construction, as well as the water and wind energy industries . BASF has also launched similar initiatives in Europe and North America.

BASF is the leading chemical company. It produces a wide range of chemicals, for example solvents, amines, resins, glues, electronic-grade chemicals, industrial gases, basic petrochemicals and inorganic chemicals. The most important customers for this segment are the pharmaceutical, construction, textile and automotive industries.
MRC

European countries resume imports of petrochemical products from Iran

MOSCOW (MRC) -- European countries such as Italy, Spain and Greece have resumed imports of petrochemical products from Iran, said Plastemart, citing a senior Iranian energy official.

Iran’s oil and petrochemical exports have increased following some sanctions relief, including the EU and US bans on the country’s petrochemical exports. The ban ease is part of an agreement inked in Geneva last November between Iran and the five permanent members of the UN Security Council - the US, France, Britain, Russia, and China - plus Germany, under which the six countries agreed to provide Iran with some sanctions relief in exchange for Iran agreeing to limit certain aspects of its nuclear activities during a six-month period. The Geneva deal took effect on January 20.

As MRC wrote before, a ban on the import of Iranian petrochemical goods came into effect on 1 May 2012. In early June 2013, the US announced new sanctions against Iran by identifying eight Iranian petrochemical companies it claims to be owned or controlled by the Iranian government, namely Bou Ali Sina Petrochemical Company, Mobin Petrochemical Company, Nouri Petrochemical Company, Pars Petrochemical Company, Shahid Tondgouyan Petrochemical Company, Shazand Petrochemical Company, Tabriz Petrochemical Company and Bandar Imam Petrochemical Company, on May 31, 2013. The US and the European Union imposed also sanctions against Iran’s oil and financial sectors in order to prevent other countries from purchasing Iranian oil and conducting transactions with the Central Bank of Iran.
MRC

PVC production in Russia dropped by 5% in Q1 2014

MOSCOW (MRC) -- The overall production of polyvinyl chloride (PVC ) in Russia dropped by 5% in the first quarter of 2014. Khimprom (Volgograd) continued to reduce its output, according to MRC ScanPlast.

Last month's production of unmixed PVC by Russian producers totalled about 50,500 tonnes. Thus, the overall PVC production in Russia decreased over the first three months of 2014 by 5% year on year to 157,800 tonnes. Khimprom (Volgograd), still the only producer of emulsion PVC (EPVC), continued to reduce its production. SayanskKhimplast also showed a slight drop in production.

The structure of PVC production by grades during the stated period looks, as follows.

March production of suspension PVC (SPVC) was about 49,000 tonnes (49,600 tonnes in February). The overall SPVC production in Russia grew in the first three months of the year to 153,500 tonnes from 150,200 tonnes in the same period of 2013. Bashkir Soda Company and Kaustik (Volgograd) increased production over the stated period by 6% and 2%, respectively, to 57,600 tonnes and 23,700 tonnes.
Conversely, SayanskKhimplast, Russia's largest PVC producer, reduced its production to 72,100 tonnes over the first quarter of 2014 (72,600 tonnes - over the same period of 2013).

Khimprom (Volgograd) raised its last month's production of resin to 1,500 tonnes. Nevertheless, the overall plant's EPVC production fell in January and March 2014 to 4,400 tonnes, down by almost a quarter year on year (5,700 tonnes - in Q1 2013).

As reported earlier, Solvin and SIBUR plans to commission a new plant for PVC production - RusVinyl with the annual capacity of 330,000 tonnes in the Nizhny Novgorod in September 2014.

MRC

LLDPE imports to Russia decreased by 6% in Q1 2014

MOSCOW (MRC) - Despite a significant increase in the imports of linear low density polyethylene (LLDPE) in March, total LLDPE imports to Russia decreased by 6% in Q1 2014, according to MRC DataScope.

Following sluggish demand in January and February Russian companies increased their LLDPE purchases in foreign markets in March. Russia's LLDPE imports increased to 20,300 tonnes in March, from 12,800 tonnes in February. However, despite such a significant increase in March deliveries, total LLDPE imports the first quarter of this year decreased to 44,900 tonnes, compared with 47,700 tonnes year on year.

Consumption structure of LLDPE imports over the reported period was as follows. Russia's imports of LLDPE for films production rose to 18,300 tonnes in March, compared with 11,300 tonnes in February. Total imports of film LLDPE to Russia fell to 40,500 tonnes in Q1 2014, from 43,500 tonnes in the same period a year earlier on the back of weaker demand (devaluation and rising prices for finished products). Besides, Nizhnekamskneftekhim switched to the production of film LLDPE in March.

March imports of LLDPE for rotational moulding to Russia exceeded 1,000 tonnes. Russia's imports of LLDPE for rotational moulding were about 2,000 tonnes in Q1 20014, up 17% year on year.

March imports of LLDPE for other consumption sectors to Russia were about 1,000 tonnes. Total imports of LLDPE for other consumption sectors to Russia were about 2,500 tonnes in Q1 20014, compared with 2,600 tonnes year on year.


MRC