PolyOne expands healthcare portfolio in China

MOSCOW (MRC) - PolyOne Corporation, a premier global provider of specialized polymer materials, services and solutions, has announced it has signed an expanded supply agreement with Dow Corning Corporation enabling PolyOne Distribution to sell Dow Corning brand silicones to healthcare customers in China, according to Polyone's statement.

By increasing its breadth of solutions, PolyOne is providing growth opportunities for US-based companies that manufacture medical-grade silicone healthcare products in China.

"This agreement with Dow Corning strengthens our portfolio to better serve our healthcare customers located in China, and also supports our strategy of helping U.S.-based multinational companies facilitate manufacturing in Asia," stated Kurt Schuering, president, PolyOne Distribution.

The addition of Dow Corning brand silicones to the PolyOne Distribution portfolio broadens the ability of both companies to support healthcare customers in China. PolyOne offers a single channel for thermoplastic and thermoset resins used in medical applications, and customers can also leverage expanded healthcare-focused resources to accelerate product development and regulatory compliance.

As MRC wrote before, earlier this year, PolyOne Corporation announced the addition of new capabilities to its OnColor HC Plus portfolio. These expanded offerings add medical-grade LDPE, nylon, PEBA, PS and PVC to the globally available palette of specialty healthcare colorants.

Dow Corning provides performance-enhancing solutions to serve the diverse needs of more than 25,000 customers worldwide. A global leader in silicones, silicon-based technology and innovation, Dow Corning offers more than 7,000 products and services via the company's Dow Corning and XIAMETER brands.

PolyOne Corporation is a global provider of specialized polymer materials, services, and solutions. PolyOne is a provider of specialized polymer materials, services and solutions with operations in specialty polymer formulations, color and additive systems, polymer distribution and specialty vinyl resins.
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MOSCOW (MRC) -- Yansab said the profit fall was due to lower prices and higher sales and maintenance costs.Saudi Arabia’s Yanbu National Petrochemical Co (Yansab) missed the average forecast of analysts as it posted a 16.7% decline in first-quarter net profit, citing lower prices for some of its products, said Gulfbusiness.

The firm, a subsidiary of Saudi Basic Industries Corp (SABIC), made a net profit of SAR555.7 million (USD148.2 million) in the opening three months of the year, compared with SAR667.1 million in the same period of 2013, a statement to the Saudi bourse said.

Seven analysts polled by Reuters had forecast an average net profit for the quarter of SAR773.7 million. As well as lower prices, Yansab said the profit fall was due to higher sales and maintenance costs.

On Sunday, fellow SABIC unit Saudi Arabia Fertilizers Co beat estimates but still saw its first-quarter net profit dip 9.6%. SAFCO also cited lower product prices for its lower earnings.

As MRC wrote before, Yansab reported a net profit of SAR2.64 billion in full-year profit for 2013 , versus SAR2.45 billion in 2012, citing higher prices for its products and lower financing costs.

The objectives of Yansab are to engage in manufacturing of petrochemical products (Ethylene, Ethylene Glycol, High Density Polyethylene, Low Linear Density Polyethylene, Polypropylene, Butene 1, Butene 2, MTBE and BTX) in accordance with its Articles of Association, and other applicable regulations in the Kingdom. The Company commenced its Commercial operations on 1 March 2010 .
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MOSCOW (MRC) - JSC "Crimean Titan", owned by Group DF of Ukrainian businessman Dmitry Firtash, can be shut because of the restrictions in the feedstock supply from Dnepropetrovsk and Zhytomyr regions, according to a draft report to the Russian President Vladimir Putin.

The main suppliers of feedstock - ilmenite concentrate for Crimean Titan are Irshansky mining and processing combine in Zhytomyr region and Volnogorskiy MMC in Dnipropetrovsk region.

Crimean Titan, based in Armyansk, is the largest in Eastern Europe producer of titanium dioxide, which is used for the production of paints and varnishes, plastics, rubber, paper and other products. The nominal production capacities at the plant is 80,000 tonnes of titanium dioxide per year, the company employs about 4,900 people.

About 80% "Crimean Titan" production is exported to the Western Europe. "Crimean Titan" takes about 30% of the Russian market of titanium dioxide.

Dmitry Firtash has another major asset in Crimea - "Crimean Soda Plant", which accounts for about 2% of world production of soda ash. "Crimean Titan" and "Crimean Soda Plant" are leading chemical enterprises in Ukraine.

As it was previously reported, Firtash was arrested in Vienna on request of the US Federal Bureau of Investigation on suspicion of bribery and creating a criminal association. According to Ukrainian media Firtash ranked fourth in the ranking of the richest people in the country with the state of USD3.3 billion
MRC

MOSCOW (MRC) - Imports of polycarbonate (PC) to the Russian market decreased to 10,600 tonnes in Q1 2014, down 22% compared to the same period last year, according to a MRC DataScope report.

The decrease in PC imports resulted from the increased domestic prices for imported goods on the back of rouble devaluation. Importers do not want to increase shipment volumes because of the price volatility. Buyers, in their turn, preferred to buy Russian PC, which is cheaper and equal in quality to imports.
The only PC producer in Russia is Kazanorgsintez (KOS). Demand for extrusion PC is traditionally growing in spring from the construction sector. However, PC imports in this sector decreased to 7,000 tonnes in Q1 20014, down 12% compared with the same period last year.
Kazanorgsintez produced 12,800 tonnes of extrusion PC in Q1 2014, with 97% of the material delivered to the domestic market (12,400 tonnes).

The main importer of extrusion PC to the Russian market was Sabic Innovative Plastics, with more than 90% from the total Russia's imports in Q1 2014.
MRC

MOSCOW (MRC) -- BASF, the world's largest petrochemical producer, has invested EUR2.5 million in its Demarchi coatings site, located in the state of Sao Paulo, Brazil, to expand its capacity to service Brazil’s automotive industry with waterborne automotive coatings, as per the company's press release.

The goal is to meet market demands generated by new car makers setting up their plants in the country and by the trend of using waterborne technology rather than solvent-borne. BASF is the pioneer in developing waterborne basecoats for the automotive industry. The technology is eco-efficient because water replaces most of the organic solvents.

In addition to the traditional clients such as GM, Volkswagen, Fiat and PSA, and a strong presence in the segment of coatings for trucks, BASF has in the past years conquered new supply contracts which include car makers such as Hyundai and Chery.

In South America, BASF has two plants where automotive coatings are produced, one in Demarchi, Brazil, and the other in Buenos Aires, Argentina.

In 2013, Brazil was the fourth biggest car sales market in the world and on the seventh place worldwide as car producer, according to the International Organization of Motor Vehicle Manufacturers (OICA).

As MRC informed before, BASFand its customers are innovating with plastics solutions in Asia Pacific to address the sustainability challenges of the region and the world. Thus, BASF has developed new solutions that will 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.

BASF is the world’s leading chemical company. Its portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. BASF had sales of about EUR74 billion in 2013 and over 112,000 employees as of the end of the year.
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