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ALBIS separates compounding business

July 27/2020

MOSCOW (MRC) -- German thermoplastics distributor ALBIS has split off its compounding operations as a separate business, named MOCOM, said Sustainableplastics.

Ian Mills, former chief sales officer at ALBIS, is heading the compounding business, which has 700 employees and locations in Germany, the US, and China.

Horst Klink, former ALBIS vice president, heads the distribution business, which will continue to operate as ALBIS, with a staff of 450 people and 24 locations worldwide.

ALBIS and MOCOM are part of Hamburg-based Otto-Krahn Group, which also includes specialty chemicals distributor KRAHN Chemie and plastics recycler WIPAG.

Prior to the split, Albis Plastic posted sales of 1 billion euros in 2019. Otto Krahn Group was founded in 1909 by its namesake as a trading company dealing in rubber materials and products and related goods.

As MRC infomed earlier, Russia's output of chemical products rose in June 2020 by 2.6% year on year. However, production of basic chemicals increased year on year by 4.9% in the first six months of 2020. According to the Federal State Statistics Service of the Russian Federation, polymers in primary form accounted for the greatest increase in the output in January-June. Production of benzene was 106,000 tonnes in June 2020, compared to 110,000 tonnes a month earlier. Overall output of this product reached 721,000 tonnes over the stated period, up by 3.9% year on year.
Author:Anna Larionova
Tags:elastotermoplast, compounds, compounding.
Category:General News
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