newsclippings - emery oleochemicals
TRANSCRIPT
Page 1 of 22
NEWSCLIPPINGS
Publication: Cincinnati Business Journal
Section: News
Date: 11 Oct 2012 Page: Online
Headline: Emery Oleochemicals planning $50M expansion in Cincinnati
Summary : • Emery Oleochemicals is investing $50 million to expand its Cincinnati manufacturing facilities in Winton Hills and create 30 new jobs.
• The new state-of-the-art plant will produce high-performance products for the automotive, furniture, appliance and other industries. The 30 new jobs will be in chemical processing and research and development.
• Emery Oleochemicals is a successor to the Emery Industries manufacturing business that was founded in Cincinnati in the 1800s to make tallow for oil lamps.
Link: http://www.bizjournals.com/cincinnati/news/2012/10/10/emery-oleochemicals-making-
50m.html
Page 2 of 22
NEWSCLIPPINGS
Emery Oleochemicals planning $50M expansion in Cincinnati Business Courier
Date: Wednesday, October 10, 2012, 2:56pm EDT - Last Modified: Wednesday, October 10, 2012, 2:59pm EDT
Emery Oleochemicals is investing $50 million to expand its Cincinnati manufacturing
facilities in Winton Hills and create 30 new jobs.
The Malaysia-based company is the largest manufacturer of oleochemicals in North
America. Oleochemicals are chemicals derived from plants and animal fats.
Emery said in a news release the new state-of-the-art plant will produce high-
performance products for the automotive, furniture, appliance and other industries. The
30 new jobs will be in chemical processing and research and development.
Emery said it currently employs more 250 people at the Este Avenue complex. In its
release, it thanked the cities of Cincinnati and St. Bernard, Hamilton County, and the
state of Ohio for their support of the expansion project.
Further details were not immediately available.
Emery Oleochemicals is a successor to the Emery Industries manufacturing business
that was founded in Cincinnati in the 1800s to make tallow for oil lamps.
It was spun off from Cognis Corp. as Cognis Oleochemicals, a 50-50 joint venture, in
2006. Cognis sold its stake two years later, and the company was rebranded as Emery
Oleochemicals. Cognis, which retained other production facilities, offices and labs at the
complex, was acquired by BASF in 2010. BASF announced in 2011 that it would close
Cognis’s adjacent North American headquarters in 2012, eliminating 167 local jobs.
Page 3 of 22
NEWSCLIPPINGS
Link: http://thestar.com.my/news/story.asp?file=/2012/10/12/business/12160810
Publication: The Star Section: Business and Online
Date: 12 Oct 2012 Page: 8
Headline: M'sian headquartered Emery to spend RM153mil on expansion of US facility
Summary : • Emery Oleochemicals will invest US$50mil (RM153mil) to expand its US manufacturing facility in Cincinnati, Ohio
• The new state-of-the-art plant would produce high-performance bio-based polyols products for the automotive, furniture, major appliances (white goods) and various other industries.
• The investment is one of Emery Oleochemicals strategic global projects designed to further its strength in becoming a specialty solutions provider.
Page 4 of 22
NEWSCLIPPINGS
M'sian headquartered Emery to spend RM153mil on expansion of US facility
PETALING JAYA: Emery Oleochemicals, a world leading natural-based chemicals producer headquartered in Malaysia, will invest US$50mil (RM153mil) to expand its US manufacturing facility in Cincinnati, Ohio. It said in a statement yesterday that the new state-of-the-art plant would produce high-performance bio-based polyols products for the automotive, furniture, major appliances (white goods) and various other industries. “This investment is one of our strategic global projects designed to further our strength in becoming a specialty solutions provider,” it said. Emery Oleochemicals, which is a 50:50 joint venture between Sime Darby Plantation and PTT Global Chemical International Pte Ltd, has built a name for itself in Cincinnati since 1840 as the first to manufacture and produce tallow for oil lamps. It currently operates five manufacturing facilities in Asia-Pacific, Europe and North America. Emery said it had embarked on an plan to grow its natural-based product portfolio and increase production capacities across the globe. This includes the recent US$25mil investment in the manufacturing facility and technical development centre in Loxstedt, Germany and the start-up of a new manufacturing site in Selangor. It said both facilities would employ unique technologies to focus on region-specific market needs catering to customers in the plastics, coatings and lubricant industries.
Page 5 of 22
NEWSCLIPPINGS
Publication: The New Straits Times Section: Business Times and Online
Date: 12 Oct 2012 Page: B2
Headline: Emery Oleochem to invest US$50m in Cincinnati expansion
Summary : • Emery Oleochemicals is investing US$50 million (RM154 million) to expand its manufacturing facility in Cincinnati, Ohio, in the US.
• The new facility will enhance US operations into an integrated site to deliver high-performance solutions.
• The investment is one of Emery Oleochemicals strategic global projects designed to further its strength in becoming a specialty solutions provider.
Page 6 of 22
NEWSCLIPPINGS
Link: http://www.btimes.com.my/Current_News/BTIMES/articles/11EMERY/Article/
Page 7 of 22
NEWSCLIPPINGS
Emery Oleochem to invest US$50m in Cincinnati expansion
KUALA LUMPUR: Natural-based chemicals producer, Emery Oleochemicals is investing US$50 million (RM154 million) to expand its manufacturing facility in Cincinnati, Ohio, in the US. In a statement here yesterday, its group chief executive officer, Dr Kongkrapan Intarajang said the new facility will enhance US operations into an integrated site to deliver high-performance solutions. "Our expansion project in Cincinnati is a timely addition to our global expansion efforts as we seek to provide the marketplace with a new line of value-added solutions derived from renewable raw materials," he said. The plant will produce high-performance bio-based polyols products for the automotive, furniture, major appliances (white goods) and various other industries. The investment is one of the company's strategic global projects designed to boost its strength in becoming a specialty solutions provider, said Kongkrapan. Emery Oleochemicals, with its headquarters in Malaysia, is a 50:50 joint venture between Sime Darby Plantation and PTT Global Chemical International Pte Ltd. Bernama
Page 8 of 22
NEWSCLIPPINGS
Publication: Bernama Section: News
Date: 12 Oct 2012 Page: Online
Headline: Emery Oleochemicals Invests US$50 million in US to expand its facility
Summary : • Emery Oleochemicals is investing US$50 million (RM154 million) to expand its manufacturing facility in Cincinnati, Ohio, in the US.
• The new facility will enhance US operations into an integrated site to deliver high-performance solutions
• The new state-of-the-art plant would produce high-performance bio-based polyols products for the automotive, furniture, major appliances (white goods) and various other industries.
Link: http://www.bernama.com/bernama/v6/bm/newsbusiness.php?id=701337
Page 9 of 22
NEWSCLIPPINGS
Translation:
Page 10 of 22
NEWSCLIPPINGS
Publication: The Malay Mail Section: Nation
Date: 12 Oct 2012 Page: Online
Headline: M’sian firm expands US plant
Summary : Emery Oleochemicals is investing US$50 million for the expansion of its Cincinnati manufacturing facilities in Winton Hills.
The strategic investment is to provide a new line of natural-based solutions for the automotive, furniture and white goods industries.
The investment is one of the company’s strategic global projects designed to further its strength in becoming a specialty solutions provider.
Link: http://www.mmail.com.my/story/m%E2%80%99sian-firm-expands-us-plant-33224
Page 11 of 22
NEWSCLIPPINGS
M’sian firm expands US plant
The largest manufacturer of natural-based chemicals in North America, Emery
Oleochemicals — with its headquarters in Malaysia — is investing US$50 million for the
expansion of its Cincinnati manufacturing facilities in Winton Hills.
In a statement yesterday, group chief executive offi cer Dr Kongkrapan Intarajang (pic)
said the strategic investment is to provide a new line of natural-based solutions for the
automotive, furniture and white goods industries.
Oleochemicals are chemicals derived from plants and animal fats.
“This investment is one of the company’s strategic global projects designed to further its
strength in becoming a specialty solutions provider.”
The fi rm now operates fi ve manufacturing facilities spanning three regions, Asia Pacifi
c, Europe and North America — producing wideranging renewable based chemicals
used in many leading industries such as home and personal care, polymer and
agriculture.
The company’s new manufacturing site is scheduled for commercialisation in the fourth
quarter of 2014 and will be in addition to its existing Cincinnati operations.
Emery Oleochemicals has embarked on an aggressive journey to grow its naturalbased
product portfolio and increase production capacities across the globe.
This includes the recent US$25 million (RM76.8 million) investment in the manufacturing
facility and technical development centre in Loxstedt, Germany and the start up of a new
manufacturing site in Selangor, Malaysia.
Both facilities will employ unique technologies to focus on region-specifi c market needs
catering to customers in the plastics, coatings and lubricant industries.
Page 12 of 22
NEWSCLIPPINGS
Publication: IHS Chemical Week Section: Top of the news
Date: 12 Oct 2012 Page: Online
Headline: Emery Oleochemicals to build biobased polyols plant at Cincinnati
Summary : • Emery Oleochemicals is investing US$50 million (RM154 million) to expand its manufacturing facility in Cincinnati, Ohio, in the US.
• The new state-of-the-art plant would produce high-performance bio-based polyols products for the automotive, furniture, major appliances (white goods) and various other industries.
Link: http://www.chemweek.com/home/top_of_the_news/Emery-Oleochemicals-to-build-biobased-polyols-plant-at-Cincinnati_46918.html
Page 13 of 22
NEWSCLIPPINGS
Publication: World of Chemicals.com Section: Media
Date: 12 Oct 2012 Page: Online
Headline: Emery Oleochemicals to invest $50m in Cincinnati, US expansion
Summary : • Emery Oleochemicals is investing US$50 million (RM154 million) to expand its manufacturing facility in Cincinnati, Ohio, in the US.
• The new state-of-the-art plant would produce high-performance bio-based polyols products for the automotive, furniture, major appliances (white goods) and various other industries.
Link: http://www.worldofchemicals.com/media/emery-oleochemicals-to-invest-50m-in-cincinnati-us-expansion/4369.html
Page 14 of 22
NEWSCLIPPINGS
Emery Oleochemicals to invest $50m in Cincinnati, US expansion The plant will produce high-performance bio-based polyols products for the automotive, furniture, major appliances (white goods) and various other industries.
KUALA LUMPUR, MALAYSIA: Natural-based chemicals producer, Emery
Oleochemicals is investing $50 million (RM154 million) to expand its manufacturing
facility in Cincinnati, Ohio, in the US. The new facility will enhance US operations into an
integrated site to deliver high-performance solutions, said the company statement,
reported Business Courier.
“Our expansion project in Cincinnati is a timely addition to our global expansion efforts
as we seek to provide the marketplace with a new line of value-added solutions derived
from renewable raw materials,” said Dr Kongkrapan Intarajang, Group Chief Executive
Officer, Emery Oleochemicals.
The plant will produce high-performance bio-based polyols products for the automotive,
furniture, major appliances (white goods) and various other industries. “The investment
is one of the company’s strategic global projects designed to boost its strength in
becoming a specialty solutions provider,” said Kongkrapan.
Malaysia-based, Emery Oleochemicals, is a 50:50 joint venture between Sime Darby
Plantation and PTT Global Chemical International Pte Ltd Bernama. The company has a
global presence in 3 continents with plants in North America, Germany and Malaysia.
© WOC News
Page 15 of 22
NEWSCLIPPINGS
Publication: chemicals-technology.com
Section: News
Date: 12 Oct 2012 Page: Online
Headline: Emery Oleochemicals to expand US facility
Summary : • Emery Oleochemicals is investing US$50 million (RM154 million) to expand its manufacturing facility in Cincinnati, Ohio, in the US.
• The new state-of-the-art plant would produce high-performance bio-based polyols products for the automotive, furniture, major appliances (white goods) and various other industries.
Link: http://www.chemicals-technology.com/news/newsemery-oleochemicals-expand-us-facility
Page 16 of 22
NEWSCLIPPINGS
Emery Oleochemicals to expand US facility
12 October 2012 Malaysia-based Emery Oleochemicals is investing $50m to expand its manufacturing facilities in Winton Hills, Cincinnati, US. The new plant will produce high-performance products for the automotive, furniture, appliance and other industries and add 30 new jobs in chemical processing, research and development sectors. The company at present employs more than 250 people at its Este Avenue complex. Emery Oleochemicals was quoted by Business Courier as expressing its regards to the cities of Cincinnati and St. Bernard, Hamilton County and the state of Ohio for their support of the expansion project. Oleochemicals are chemicals derived from plants and animal fats which are used in biodiesel and detergent production. Emery Oleochemicals, a 50:50 joint venture between Sime Darby Plantation and PTT Chemical International and has presence on three continents, with plants in North America, Germany and Malaysia.
Page 17 of 22
NEWSCLIPPINGS
Publication: wcpo.com (9 News) Section: News
Date: 14 Oct 2012 Page: Online
Headline: Bank acquisition includes Cincinnati connection
Summary : Two companies in the Tri-State are prepared for expansion, including Emery Oleochemicals Rightsource
Link: http://www.wcpo.com/dpp/news/region_central_cincinnati/downtown/bank-acquisition-
includes-cincinnati-connection
CINCINNATI - 9 News talks with Crystal Faulkner about the top local business headlines including local changes to the gambling scene. Faulkner tells 9 News that we will see more discussion surrounding a "racino" (a combination race track and casino) in the Tri-State. This comes as the most recent gaming reports show a drop in revenue at the existing Ohio casinos. Two companies in the Tri-State are prepared for expansion, including Emery Oleochemicals Rightsource.
Page 18 of 22
NEWSCLIPPINGS
Publication: www.K-online.de Section: Business
Date: 16 Oct 2012 Page: Online
Headline: Emery Oleochemicals expands NOP capability
Summary : The new facility will enhance US operations into an integrated site to deliver high-performance solutions.
The plant will produce high-performance bio-based polyols products for the automotive, furniture, major appliances and various other industries.
Expansion project in Cincinnati is a timely addition to its global expansion efforts, providing the marketplace with a new line of value-added solutions derived from renewable raw materials.
Link: http://www.konline.de/cipp/md_k/custom/pub/content,oid,42479/lang,2/ticket,g_u_e_s_t/local_lang,2
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NEWSCLIPPINGS
Business
Emery Oleochemicals expands NOP capability
16/10/2012 Dr. Kongkrapan Intarajang, group Chief Executive Officer explained that the new facility will enhance US operations into an integrated site to deliver high-performance solutions. "Our expansion project in Cincinnati is a timely addition to our global expansion efforts as we seek to provide the marketplace with a new line of value-added solutions derived from renewable raw materials, he said.
The plant will produce high-performance bio-based polyols products for the automotive, furniture, major appliances and various other industries. The company recently acquired production technology from the Batelle Institute to produce NOPs. Emery Oleochemicals already trialled polyols derived from tallow oil in the USA, for use in several applications including automotive seat foam.
Although these products perform well, some concern has been expressed among processors about using animal-derived products in polyurethanes, eager not to offend consumer's religious views or dietary preference. The oleochemicals will be derived from plant oils and animal fats which are already widely used in biodiesel and detergent production.
The new plant will produce high-performance products for the automotive, furniture, appliance and other industries and add 30 new jobs in chemical processing, research and development sectors. The investment is one of the company's strategic global projects designed to boost its strength in becoming a speciality solutions provider, said Kongkrapan.
Emery Oleochemicals is a 50:50 joint venture between Sime Darby Plantation and PTT Chemical International and has presence on three continents, with plants in North America, Germany and Malaysia.
Page 20 of 22
NEWSCLIPPINGS
Publication: Mida.gov.my Section: Industry News
Date: 16 Oct 2012 Page: Online
Headline: Emery Oleochem to expand US facility
Summary : Emery Oleochemicals, a leading global natural-based chemicals producer, is investing US$50 million (RM154 million) to expand its manufacturing facility in Cincinnati, Ohio, in the US.
The plant will produce high-performance bio-based polyols products for the automotive, furniture, major appliances and other industries.
The expansion is one of the company’s strategic global projects to strengthen its position to become a specialty solutions provider.
Link: http://www.mida.gov.my/env3/index.php?mact=News,cntnt01,print,0&cntnt01articleid=1820&cntnt01showtemplate=false&cntnt01returnid=107
Emery Oleochem to expand US facility Emery Oleochemicals, a leading global natural-based chemicals producer, is investing US$50 million (RM154 million) to expand its manufacturing facility in Cincinnati, Ohio, in the US. The company is a 50:50 joint venture between Sime Darby Plantation and PTT Global Chemical International Pte Ltd and has its headquarters in Malaysia. Emery Oleochemicals Group Chief Executive Officer, Dr Kongkrapan Intarajang in a statement issued in Kuala Lumpur, yesterday said the new facility would enhance its US operations into an integrated venue to deliver high-performance solutions. The plant will produce high-performance bio-based polyols products for the automotive, furniture, major appliances and other industries The expansion is one of the company’s strategic global projects to strengthen its position to become a specialty solutions provider, he added. Kongkrapan viewed the new investment as a timely addition to its worldwide expansion as the company looks to bring to the market a new line of value-added solutions based on renewable raw materials Adapted from NST Business Times and StarBiz 12 Oct 2012
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NEWSCLIPPINGS
Publication: Bangkok Post Section: Industry News
Date: 19 Oct 2012 Page: Online
Headline: PTTGC joint venture boosts biopolyol output
Summary : Emery Oleochemicals will spend US$50 million to expand its biopolyol capacity in the US.
The plant in Cincinnati, Ohio, will expand the capacity of high-performance, bio-based polyols in a move to expand further into the downstream petrochemical business including polyurethane.
Link: http://www.bangkokpost.com/business/economics/317616/pttgc-joint-venture-boosts-biopolyol-output
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NEWSCLIPPINGS
PTTGC joint venture boosts biopolyol output
SCG joining Japanese firm in factory study
Published: 19/10/2012 at 01:49 AM Newspaper section: Business Emery Oleochemicals, a 50:50 joint venture between the SET-listed PTT Global Chemical Plc (PTTGC) and Malaysia's Sime Darby Bhd, will spend US$50 million to expand its biopolyol capacity in the US.
Anon Sirisaengtaksin, PTTGC's chief executive, said the venture's plant in Cincinnati, Ohio, will expand the capacity of high-performance, bio-based polyols in a move to expand further into the downstream petrochemical business including polyurethane.
Biopolyols are used in the automobile, electrical, furniture and kitchenware sectors. The enhanced production is expected to begin in late 2014.
Emery Oleochemicals achieved revenue of US$1.2 billion last year.
Apart from its leading position in natural-based chemicals, the company has expanded into green plastic additives, oilfied chemicals, fatty acids, fatty alcohol, glycerin and triacetin.
With factories in Asia, North America and Europe, Emery Oleochemicals has more than 1,000 employees and distributes its products in more than 50 countries.