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MOSCOW (MRC) -- German chemical distribution company Brenntag has signed an agreement to acquire the Swedish chemical distributor Fred Holmberg & Co AB, which focusses on the distribution of organic and inorganic chemicals in Scandinavia and provides efficient mixing and blending activities, said Business-standard.
The main site is located in Kalmar in the south-east of Sweden, with modern filling lines for packaging goods and directly connected to the harbour.
Karsten Beckmann, CEO, Brenntag Europe, Middle East and Africa, said, "With this acquisition we bring together two strong companies. Thereby Brenntag will further strengthen and expand its industrial chemicals product portfolio in the region. The transaction fits our industrial chemicals strategy and will broaden the portfolio of products to our customers in addition to our existing speciality range of products and services."
Fred Holmberg, owner and founder of Fred Holmberg & Co AB, said, "It is very exciting that we have come to terms with Brenntag. We are combining Fred Holmberg & Co AB’s cost-effective logistic set-up and Brenntag Nordic’s market penetration capabilities which enables us to further improve and develop our attractiveness to customers as well as to suppliers and producers in the region."
The acquired business is expected to generate total sales of approximately Euro 75.3 million in 2014. The transaction is expected to be closed during the first quarter of 2015.
As MRC wrote before, Brenntag began from February 1, 2014 distributing the cellulosic additive and latex powder portfolio of Dow Construction Chemicals in Germany and Austria.
Brenntag is the global market leader in full-line chemical distribution. Linking chemical manufacturers and chemical users, Brenntag provides business-to-business distribution solutions for industrial and specialty chemicals globally. The value-added services include just-in-time delivery, product mixing, formulation, repackaging, inventory management, drum return handling as well as extensive technical support. Headquartered in Mulheim an der Ruhr, Germany, the company operates a global network with more than 400 locations in 70 countries.
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Brenntag buys Swedish chemical distributor Fred Holmberg
SABIC names Al-Benyan as CFO
MOSCOW (MRC) -- Saudi Basic Industries Corporation (Sabic) has appointed Yousef Al-Benyan as Chief Financial Officer (CFO), replacing Mutlaq Al Morished, as per Mubasher.
As reported earlier, on 15 December, Mutlaq Al Morished stepped out to join the National Industrialization Company (Tasnee).
As MRC informed before, in November 2014, KBR was awarded a front-end engineering design (FEED) contract by Saudi Basic Industries Corp. (Sabic) for the debottlenecking and expansion of its Petrokemya butadiene extraction plant in Al Jubail, Saudi Arabia.
Arabian Petrochemical Company (Petrokemya), a wholly-owned affiliate of Sabic, is one of the largest manufacturing sites in Al Jubail.
Saudi Basic Industries Corporation (SABIC) ranks among the world’s top petrochemical companies. The company is among the world’s market leaders in the production of polyethylene, polypropylene and other advanced thermoplastics, glycols, methanol and fertilizers.
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Altana expands its business in Brazil through acquisitions
MOSCOW (MRC) -- The German specialty chemicals group Altana has acquired two companies in Brazil, said the producer in its press-release.
As a result, Altana’s Actega division - which produces specialty coatings, sealants, printing inks, and adhesives for the rigid and flexible packaging industry – will now have its own sites in South America's largest country. Both of the acquired companies are owner-operated and headquartered in the federal state of Sao Paulo.
Premiata, which operates two facilities under the name of Premiata Tintas and Premiata Especialidades Quimicas, specialises, respectively, in printing inks and coatings for the packaging industry with140 employees. Overlake is an over-print varnishes specialist with 70 employees at one site.
"Through these acquisitions we are systematically expanding our business in the growing Brazilian market. As both companies focus entirely on specialty chemicals and tailored customer solutions they are a perfect match for Altana," explained Martin Babilas, member of the Management Board of Altana AG.
The Actega division's entire Brazilian operations will be concentrated in the new Actega do Brasil company with immediate effect. "Taking over Premiata and Overlake means we can significantly expand our portfolio of solutions particularly for the Brazilian packaging industry. I am convinced that our many years of expertise in printing inks and overprint varnishes combined with our new production facilities will swiftly make Actega the preferred supplier in Brazil," said Dr Roland Peter, president, Actega Division.
In addition to the newly acquired facilities, Altana already has a production and research site in Brazil run by its Elantas division that develops and distributes insulating materials for the electrical and electronics industry.
As MRC wrote before, Altana acquired technologies and customer-specific know-how in the field of polypropylene wax emulsions from Royal DSM. The products can be used to coat glass fibers which are needed for the manufacturing of composites. They are typically used in the construction industry and the automotive sector.
Altana develops and produces high-quality, innovative products in the specialty chemicals business. The Altana Group has four divisions: BYK Additives & Instruments, ECKART Effect Pigments, ELANTAS Electrical Insulation, and ACTEGA Coatings & Sealants. All of these divisions occupy a leading position in their target markets with respect to quality, product solution expertise, innovation and service.
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As a result, Altana’s Actega division - which produces specialty coatings, sealants, printing inks, and adhesives for the rigid and flexible packaging industry – will now have its own sites in South America's largest country. Both of the acquired companies are owner-operated and headquartered in the federal state of Sao Paulo.
Premiata, which operates two facilities under the name of Premiata Tintas and Premiata Especialidades Quimicas, specialises, respectively, in printing inks and coatings for the packaging industry with140 employees. Overlake is an over-print varnishes specialist with 70 employees at one site.
"Through these acquisitions we are systematically expanding our business in the growing Brazilian market. As both companies focus entirely on specialty chemicals and tailored customer solutions they are a perfect match for Altana," explained Martin Babilas, member of the Management Board of Altana AG.
The Actega division's entire Brazilian operations will be concentrated in the new Actega do Brasil company with immediate effect. "Taking over Premiata and Overlake means we can significantly expand our portfolio of solutions particularly for the Brazilian packaging industry. I am convinced that our many years of expertise in printing inks and overprint varnishes combined with our new production facilities will swiftly make Actega the preferred supplier in Brazil," said Dr Roland Peter, president, Actega Division.
In addition to the newly acquired facilities, Altana already has a production and research site in Brazil run by its Elantas division that develops and distributes insulating materials for the electrical and electronics industry.
As MRC wrote before, Altana acquired technologies and customer-specific know-how in the field of polypropylene wax emulsions from Royal DSM. The products can be used to coat glass fibers which are needed for the manufacturing of composites. They are typically used in the construction industry and the automotive sector.
Altana develops and produces high-quality, innovative products in the specialty chemicals business. The Altana Group has four divisions: BYK Additives & Instruments, ECKART Effect Pigments, ELANTAS Electrical Insulation, and ACTEGA Coatings & Sealants. All of these divisions occupy a leading position in their target markets with respect to quality, product solution expertise, innovation and service.
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EPS imports to Russia decreased by 15% in Jan-Nov 2014
MOSCOW (MRC) - Imports of expandable polystyrene (EPS) in Russia decreased to 56,500 tonnes in the first eleven months of the year, down 15% compared to January-November 2013, according to MRC ScanPlast.
This year, the market tends to decrease purchases of imported feedstock and increase the purchases of the Russian material. This trend was backed by the growth of EPS production in Russia.
Devaluation of the rouble significantly increased the interest to the Russian materials in the national currency. At the same time Russian producers can not fully cover the needs of the market.
Chinese Loyal remained to be the largest EPS supplier. Imports of Chinese EPS from Loyal increased by 7% to 25,000 tonnes over the reported period despite the general decline in purchases in foreign markets in the sector.
November EPS imports in Russia fell to 3,830 tonnes, down 12% from the level in October. Traders have decreased their EPS purchase since August.
The rouble devaluation leads to an increase in the cost of imported feedstock. The high price of imported material has damped the demand in the domestic market. Demand for imported EPS has sharply dropped in December. Traders have continued to increase prices, converting the entering volumes into the current exchange rate of the rouble.
Market players reported a strong demand for Russian EPS. High demand and a shortage of Russian EPS resulted from attractive prices in roubles compared to imported material.
MRC
This year, the market tends to decrease purchases of imported feedstock and increase the purchases of the Russian material. This trend was backed by the growth of EPS production in Russia.
Devaluation of the rouble significantly increased the interest to the Russian materials in the national currency. At the same time Russian producers can not fully cover the needs of the market.
Chinese Loyal remained to be the largest EPS supplier. Imports of Chinese EPS from Loyal increased by 7% to 25,000 tonnes over the reported period despite the general decline in purchases in foreign markets in the sector.
November EPS imports in Russia fell to 3,830 tonnes, down 12% from the level in October. Traders have decreased their EPS purchase since August.
The rouble devaluation leads to an increase in the cost of imported feedstock. The high price of imported material has damped the demand in the domestic market. Demand for imported EPS has sharply dropped in December. Traders have continued to increase prices, converting the entering volumes into the current exchange rate of the rouble.
Market players reported a strong demand for Russian EPS. High demand and a shortage of Russian EPS resulted from attractive prices in roubles compared to imported material.
MRC
PE imports in Belarus increased by 0.4% in January - October 2014
MOSCOW (MRC) -- Imports of polyethylene (PE) in Belarus increased by 0.4% in the first ten months of this year.
The demand for high density polyethylene (HDPE) decreased over the reported period, while the demand for other types of PE on the contrary grew, according to MRC analysts.
According to the National Statistical Committee of the Republic of Belarus, October PE imports in Belarus were about 11,000 tonnes, compared to 11,700 tonnes in September. The total PE imports increased in January-October 2014 to 90,400 tonnes from 90,000 tonnes over the same period of 2013.
Structure of PE imports in Belarus over the reported period looked as follows.
October imports of low density polyethylene (LDPE) and linear low density polyethylene (LLDPE) seasonally grew to 5,400 tonnes, compared with 5,000 tonnes in September. Total imports of LDPE and LLDPE to Belarus reached 43,500 tonnes in January - October of this year, compared with 37,600 tonnes in the same time a year earlier. The main suppliers of PE in the local market were producers of Saudi Arabia (26,200 tonnes) and Russia (about 6,000 tonnes).
Imports of high density polyethylene (HDPE) in the country decreased to 5,600 tonnes, compared with 6,700 tonnes in September. The main reduction in HDPE supplies occurred for the producers from Saudi Arabia, resulting from the limited export quotas from producers. Total HDPE imports to Belarus decreased to 46,800 tonnes in January-October 2014, down 10.6% year on year.
MRC
The demand for high density polyethylene (HDPE) decreased over the reported period, while the demand for other types of PE on the contrary grew, according to MRC analysts.
According to the National Statistical Committee of the Republic of Belarus, October PE imports in Belarus were about 11,000 tonnes, compared to 11,700 tonnes in September. The total PE imports increased in January-October 2014 to 90,400 tonnes from 90,000 tonnes over the same period of 2013.
Structure of PE imports in Belarus over the reported period looked as follows.
October imports of low density polyethylene (LDPE) and linear low density polyethylene (LLDPE) seasonally grew to 5,400 tonnes, compared with 5,000 tonnes in September. Total imports of LDPE and LLDPE to Belarus reached 43,500 tonnes in January - October of this year, compared with 37,600 tonnes in the same time a year earlier. The main suppliers of PE in the local market were producers of Saudi Arabia (26,200 tonnes) and Russia (about 6,000 tonnes).
Imports of high density polyethylene (HDPE) in the country decreased to 5,600 tonnes, compared with 6,700 tonnes in September. The main reduction in HDPE supplies occurred for the producers from Saudi Arabia, resulting from the limited export quotas from producers. Total HDPE imports to Belarus decreased to 46,800 tonnes in January-October 2014, down 10.6% year on year.
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