Adhesives and Sealants Topics - Articles - Page 456

Berry Global Sells Seal for Life Business to Arsenal Capital Partners

The Seal for Life business reportedly has annual sales of approximately $120 million.

August 1, 2019

Berry Global Group, Inc. recently announced it has completed the sale of its Seal for Life (SFL) business to Arsenal Capital Partners for approximately $330 million.

Dow Looks to Long-Term Goals Following Tough Second Quarter

Dow’s net sales were $11 billion in the 2019 second quarter, in line with the company’s guidance and down 14% vs. pro forma results in the 2018 second quarter.

August 1, 2019

Dow recently released its financial results for the second quarter of 2019.

HENKEL: GLYMO-Free Adhesive Solution for Packaging

The base Loctite Liofol LA 2798 adhesive can be combined with different hardeners for specific areas of application.

August 1, 2019

Henkel recently introduced Loctite Liofol LA 2798, a formulation that was reportedly specifically developed for high-performance packaging applications such as thermal processes like sterilization.

Huntsman to Acquire Remaining 50% Interest in Sasol-Huntsman Joint Venture

The Sasol-Huntsman joint venture owns a manufacturing facility in Moers, Germany, with capacity to produce 230 million pounds of maleic anhydride.

July 31, 2019

Huntsman Corp. recently announced that it has signed a definitive agreement with Sasol to acquire the 50% interest that Huntsman does not own in the Sasol-Huntsman maleic anhydride joint venture.

ExxonMobil Begins Production on Beaumont High-Performance Polyethylene Line

The expansion increases plant production capacity by 65% or 650,000 tons per year, bringing site capacity to nearly 1.7 million tons per year.

July 31, 2019

ExxonMobil recently announced that it has started production on a new high-performance polyethylene line at its Beaumont, Texas, polyethylene plant.

Environmental Concerns Expected to Help Spur Strong Demand for Polyurea Coatings

The polyurea coatings market is expected to surpass $1.5 billion by the end of 2029, registering a CAGR of over 9%.

July 31, 2019

The global polyurea coatings market was valued nearly $600 million at the end of 2018, according to a recent report.

Bostik to Acquire Adhesive Films Manufacturer Prochimir

This acquisition would reportedly enable Bostik to broaden its offering of solvent-free thermobonding solutions earmarked for many fast-growing industrial applications in the automotive, construction, textile, and medical markets.

July 30, 2019

Arkema recently announced that Bostik plans to acquire Prochimir, a company specializing in high-performance thermobonding adhesive films.

Covestro Optimistic Despite Challenging 2019 Second Quarter

While Covestro’s core volumes rose by 1.1%, group sales fell 16.9% to €3.2 billion (approximately $3.6 billion) in the 2019 second quarter due to lower selling prices.

July 30, 2019

Covestro recently announced its financial results for the second quarter of 2019.

DISPENSE WORKS INC.: Large-Format Dispensing Robot

Manufactured in the U.S., this robot reportedly combines a smart workbench to a built-in precision overhead servo XYZ gantry system.

July 30, 2019

Dispense Works Inc. recently announced that it offers several large-format dispensing systems, including the RD2500.

Market Trends

Pressure-Sensitive Labels Lead Labeling Market

Worldwide demand for all label types was approximately 64.2 billion sq m in 2018, representing healthy growth of 4.4% over 2017 volumes.

July 30, 2019

According to recent research, pressure-sensitive labeling continues to represent a 40% share of the global labeling technologies market, while the established glue-applied technology claims second place (35% market share), and the still-growing sleeve labeling technologies now represent a solid 19% share.