MOSCOW (MRC) -- Composite material supplier Composites One has purchased the Process Materials business from the Solvay Composites Materials Global Business, said Canplastics.
In a news release, Composites One officials said that the acquisition gives it the opportunity to add international manufacturing and sales capabilities in specialized materials used in a variety of vacuum-assisted composite manufacturing processes. The acquired business, rebranded as Aerovac, is a manufacturer, developer, and supplier of process materials, tooling, and services used in prepreg processing, vacuum infusion, glass lamination, and other industrial applications.
"Aerovac is a natural, strategic extension of Composites One’s business,” said Steve Dehmlow, CEO of Composites One. “It positions us for future growth, and further establishes Composites One as a major supplier to the aerospace, wind energy and marine markets."
The acquisition gives Composites One, which is headquartered in Arlington Heights, Ill., multiple manufacturing, kit design/fabrication and materials distribution locations including Santa Fe Springs, California; Sumner, Washington; Keighley, U.K.; Mondovi, Italy; and Toulouse, France. An additional site in Toulouse focuses on the design and manufacture of hard and soft tooling. Another inclusion is a U.K.-based distribution business, Med-Lab, which trades in aircraft engine overhaul consumables and fuel testing instruments.
As MRC informed earlier, in August, 2020, through the acquisition of the Solvay polyamide (PA) business, BASF enhanced its R&D capabilities in Asia Pacific with new technologies, technical expertise, and upgraded material and part testing services. BASF is planning to integrate the R&D centers from Solvay into its R&D existing facilities in Shanghai, China, and Seoul, Korea. The enhanced capabilities will boost BASF’s position as a solution provider to develop advanced material solutions for key industries.
We remind that BASF-YPC, a 50-50 joint venture of BASF and Sinopec, undertook a planned shutdown at its naphtha cracker on 30 April 2020. The company initially planned to start turnaround at the cracker on April 5, 2020. The plant remained under maintenance unitl 18 June, 2020. Located in Jiangsu, China, the cracker has an ethylene capacity of 750,000 mt/year and propylene capacity of 400,000 mt/year.
Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 2,220,640 tonnes in 2020, up by 2% year on year. Only shipments of low density polyethylene (LDPE) and high density polyethylene (HDPE) increased. At the same time, polypropylene (PP) shipments to the Russian market reached 1 240,000 tonnes in 2020 (calculated using the formula: production, minus exports, plus imports, excluding producers' inventories as of 1 January, 2020). Supply of exclusively PP random copolymer increased.
Solvay is a science company whose technologies bring benefits to many aspects of daily life. With more than 24,100 employees in 64 countries, Solvay bonds people, ideas and elements to reinvent progress. The Group seeks to create sustainable shared value for all, notably through its Solvay One Planet plan crafted around three pillars: protecting the climate, preserving resources and fostering better life. The Group’s innovative solutions contribute to safer, cleaner, and more sustainable products found in homes, food and consumer goods, planes, cars, batteries, smart devices, health care applications, water and air purification systems. Founded in 1863, Solvay today ranks among the world’s top three companies for the vast majority of its activities and delivered net sales of EUR10.2 billion in 2019. Solvay is listed on Euronext Brussels (SOLB) and Paris and in the United States, where its shares (SOLVY) are traded through a Level I ADR program.
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