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Vol. 6, Issue 24
ASHLAND AND CARGILL TO COMBINE FOR BIOBASED CHEMICAL JOINT VENTURE Ashland Inc.,Covington, KY, and Cargill, Minneapolis, have agreed in principle to create a new joint venture devoted solely to the development and production of biobased chemicals. The venture expects to provide global manufacturing and marketing of biobased propylene glycol (PG), starting with a 65,000-metric-ton-per-year plant at a yet-to-be-finalized location in Europe.
COGNIS SUCCESSFULLY COMPLETES REFINANCING Cognis, Monheim, Germany, has announced a successful company refinance of approximately €1.65 billion. Interest savings for the company will be approximately €60 million per year. Including the benefit of having no scheduled amortization, the company expects to see a cash benefit of approximately €100 million per year.
I&J FISNAR OFFERS NEW HIGH-DUTY DIAPHRAGM VALVE The Model DV509-UV-LF is a diaphragm action valve designed for UV resins. The wetted chamber is compatible for low-to-medium viscosity UV materials. The valve is high cycling — rated at 200 cycles a minute — and its lightweight compact design makes it especially suitable for automated systems. A diaphragm seal is attached to a solenoid that opens upon receiving an air signal from an I&J Fisnar Inc. valve controller. The diaphragm flexes to allow fluid to exit for the duration that the seal is opened. A return spring snaps the diaphragm shut after the air signal is removed. The DV509-UV-LF is easy to maintain and is a cost-effective solution to dispensing UV resins and
adhesives.
LAUREN MANUFACTURING EXPANDS PLASTICS PRODUCTION CAPABILITIES Lauren Manufacturing, New Philadelphia, OH, has announced the dedication of additional operations to its production of thermoplastic and other flexible and rigid materials. The expansion complements the company’s well-developed polymer offerings, including extruded rubber, silicone and molded products.
MICHELMAN ANNOUNCES KEY INVESTMENTS/DEVELOPMENTS IN EUROPE AND ASIA Michelman has announced significant changes to its international organizational structure, specifically in Europe and Asia. Michelman SARL, a new European holding company located in Luxembourg, will give the company the agility and capabilities to grow more readily throughout Europe and Asia. A new sales, marketing and customer service office will also be located in Luxembourg.
NOVA FILMS AND FOILS LAUNCHES NEW WEBSITE Nova Films and Foils has launched a new website at www.novafilmsusa.com
that introduces an expanded line of products and services, and features an easy, consistent navigation on each page. The homepage offers a clear overview of the main products and markets served, while subsequent pages provide updated content where visitors can learn more about the world of adhesives and metal and foil tapes. Interested customers can also request quotes online.
NOVEON INC. BECOMES LUBRIZOL ADVANCED MATERIALS INC. The Lubrizol Corp. has announced that its wholly owned subsidiaries Noveon Inc. and Noveon Canada Inc. have changed their names to Lubrizol Advanced Materials Inc. and Lubrizol Advanced Materials Canada, respectively. These name changes reflect Lubrizol’s recent decision to discontinue the broad use of “Noveon” in favor of “Lubrizol Advanced Material” around the world. Subsidiaries of Lubrizol in Europe and Asia will similarly change their names beginning in early July. In the future, “Noveon” will only be used in connection with Lubrizol’s consumer specialty products.
PLASTICOLORS EXPANDS ACCELERATED WEATHERING CAPABILITIES Plasticolors Inc. recently completed a 4,200-square-foot laboratory expansion at its Ashtabula, OH, headquarters. In addition, the company has increased capacity in the area of ultraviolet (UV) stability testing by investing in additional accelerated weathering instruments, commonly known as weatherometers.
SHIN-ETSU INTRODUCES NEW LINE OF AUTOMOTIVE LIMS In conjunction with the evolution of its LIMS™
(Liquid Injection Molding System) silicones line, Shin-Etsu Silicones of America, Inc. recently introduced its KE2014-KE2018 Series Automotive LIMS products for advanced automotive applications. The series is formulated to deliver low compression set as-molded, eliminating the costly time and energy requirements of post-cure processes. In addition to delivering NPC (no post cure) advantages, the high-strength series also provides low compression set (<25%), excellent heat stability (tested at 225°C) and oil resistance (tested at 150°C) properties over a wide range of durometers for optimal automotive design performance.
SIKA OPENS NEW PRODUCTION FACILITY IN TURKEY Sika AG, Baar, Switzerland, has announced the opening of a new 19,000-square-meter facility in Turkey. Located in a modern industrial park in Tuzla on the Asian side of Istanbul, the plant employs some 40 people in manufacturing admixtures, mortars and coatings, as well as resins for flooring. Turkey is a significant market for Sika and an important production base for supplying customers in Central Asia and the Gulf region.
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Price increases, as well as additional current press release information, can be found on our website at www.adhesivesmag.com.
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