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Colourant supplier Chroma acquires competitor Plastics Color Corp.

February 04/2020

MOSCOW (MRC) -- Specialty colour and additive concentrate supplier Chroma Color Corp. has acquired competitor Plastics Color Corp. (PCC) for an undisclosed amount, said Canplastics.

The transaction includes PCC plants at its headquarters in Calumet City, Ill., and in Asheboro, N.C.

PCC was founded more than 50 years ago, and supplies colour concentrates, functional additives, and custom polymer masterbatches for the plastics industry.

"PCC has a strong base of customers and is known for solution-based products and strong service, both being pillars of Chromas offerings, Chroma CEO Tom Bolger said in a Jan. 31 press release. Their presence in medical and pharmaceutical products, food packaging, CPG, and construction applications will bring more technologies and know-how to Chroma to allow us to better serve our customers and continue our growth."

Chroma is headquartered in McHenry, Ill.

As MRC informed earlier, Roehm is considering the construction of a plant for the production of methyl methacrylate (MMA) on the Gulf of Mexico in the United States with a capacity of 250,000 tonnes/year. The plant is expected to use Roehm's proprietary Lima ethylene technology. The plant will be launched in 2023 or 2024. The new plant could potentially replace the existing Fortier plant, located west of New Orleans. These investments will allow the manufacturer to capitalize on the significant advantages of lower ethylene prices.

MMA is used to produce homopolymers and copolymers, the most widely used are casting, molding or extrusion of polymethyl methacrylate (PMMA) or modified polymers.

Acrylonitrile is one of the main raw materials for the production of acrylonitrile butadiene styrene (ABS).

According to the ICIS-MRC Price Report, in November, ABS imports to Russia amounted to 3,300 tonnes against 3,500 tonnes a month earlier and 4,100 tonnes in November last year. Following the results of eleven months, ABS import into the country slightly decreased compared to the same period last year and amounted to 31,300 tonnes.
Author:Anna Larionova
Tags:metilacetat, pigmentniy krasitel, paints and coatings.
Category:General News
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