british vita buys italian additive and colour masterbatch producer
Post on 16-Sep-2016
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Additives for Polymers May 2003
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The company says that markets for its productscontinue to grow. Its chemically modified wollas-tonite is used in a range of thermosets,thermoplastics and elastomeric applications,including nylon, TPOs, PET/PBT and liquid crystal polymers.
Contact: NYCO Minerals Inc, PO Box 368, 124Mountain View Drive, Willsboro, NY 12996-0368,USA; tel: +1-518-963-4262; fax: +1-518-963-1110; URL: www.nycominerals.com
Holland Colours Canadareceives ISO certificationHolland Colours’ Canadian subsidiary hasreceived ISO 9001:2000 certification, making itthe fifth company in the group to be granted thatstatus. Holland Colours Canada also recentlycelebrated its 15th anniversary as part of thegroup. From 1985, the company – then namedDe Jong Prochem Inc – was the Canadian agentfor Holland Colours NV, but in November 1988Holland Colours became its sole shareholder.Renamed Holland Colours Canada Inc, thecompany specializes in sales and distribution of pigment dispersions for the plastic industry. Ithas warehouse facilities in Mississauga fromwhere it serves customers throughout Canada.
Contact: Holland Colours NV, Halvemaanweg 1,PO Box 720, 7300 AS Apeldoorn, TheNetherlands; tel: +31-55-366-3143; fax: +31-55-366-2981; e-mail: [email protected]; URL: www.hollandcolours.com
British Vita buys Italian additive and colour masterbatch producerBritish Vita has acquired Italian company Synco, amanufacturer of additive and colour masterbatches,from Cognis SpA for £2 million (c. �3 million).Synco is based in Prato, near Florence and has anannual turnover of about �6 million, generated pri-marily from business in the packaging, householdand electrical markets. All 28 employees will beretained. British Vita says it will be looking todevelop both strands of Synco’s business.
Contact: Vita Thermoplastic Compounds Ltd,Middleton, Manchester, M24 2DB UK; tel:
+44-161-643-1133; fax: +44-161-653-3722;URL: www.vtc.britishvita.com
MARKETS
Global markets for polyolefins,light olefins and vinylsPolyolefins (LDPE, LLDPE, HDPE andpolypropylene) represents the largest segmentof the global thermoplastics business atapproximately 88 million tonnes, or roughly62% of the total market in 2002. According toChemical Market Associates’ (CMAI) expertsHoward Rappaport and Bob Dennett inHouston, Graham Harris in London, and AaronYap in Singapore, the global polyolefins indus-try continues to re-shape itself and has experi-enced a number of significant changes since2000. The combination of rising energy andfeedstock costs, coupled with fundamentaldemand slowdowns in some of the world’slargest markets for polyolefins, and excessresin capacity, would ultimately have a signifi-cant impact on producer margins. 2001 wascharacterized by cuts in inventories at pro-cessors, converters and end-users, but duringthe first half of 2002 global demand for PE andPP improved and there were moves to re-stock,though not to pre-2000 levels. According toCMAI, 2003 presents new challenges relatedto fluctuations in global energy markets.CMAI’s 2003 World Polyolefins Analysisprovides five years of history and a forecast to 2007.
The related global markets for ethylene,propylene and their major derivatives are fore-cast to be marginally more profitable in 2003than in 2002, as producers contend with a sig-nificant build-up of surplus capacity in themidst of a global economic slowdown. How-ever, the year 2003 will continue to providemajor challenges for global light olefins andderivative producers, according to CMAI re-port 2003 World Light Olefins Analysis. Thereduced levels of profitability that have con-tinued for the past 4–5 years are likely to resultin additional industry restructuring through
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