News from Notch Consulting, Inc.

December 12, 2017

Sailun to increase investment in Vietnam tire plant

Filed under: Tires — Tags: — Notch @ 8:46 am

Sailun Jinyu Group Co. Ltd. plans to increase its investment in a truck and OTR tire plant under construction in Vietnam by more than $140 million, according to a company filing on the Shanghai Stock Exchange.

In late 2015, Sailun Jinyu announced plans to build the plant, rated at 1.2 million truck and bus tire and 30,000 OTR tires annually. The company projected the plant would take three years to build and commission. The investment at that time was $200 million.

The company filing did not provide a status update on the plant.

With this new investment, Sailun (Vietnam) Co. Ltd., subsidiary in Gò Dầu, Tây Ninh province, will have registered capital of $220 million.

The investment is being funded by the company’s private placement in November, which raised $195 million capital.

Sourced article found here.

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AkzoNobel and Black Bear team up to make powder coatings from old tires

Filed under: Carbon Black, Tire Recycling — Notch @ 8:15 am

Tires that have reached the end of the road are being harvested for carbon black and used to produce powder coatings in a new cooperation between AkzoNobel and Dutch company Black Bear.

The Cradle-to-Cradle certified carbon black supplied by Black Bear – which is obtained from end-of-life tires – is being used as pigment in the eco-premium products developed by AkzoNobel’s Powder Coatings business. With this cooperation AkzoNobel not only uses carbon black, traditionally obtained from fossil fuels, with a vastly lower CO2 footprint, but also helps to solve the global waste tire problem.

“This partnership is a great example of how the supply chain can contribute to CO2 savings,” said André Veneman, AkzoNobel’s Director of Sustainability. “We encourage more suppliers to work with us and collectively contribute to develop more sustainable product solutions.”

Powder coatings are an inherently sustainable product as they contain no volatile organic compounds (VOCs) and produce virtually no waste. The majority of products supplied through AkzoNobel’s market-leading Interpon brand also qualify as eco-premium.

Read the full press release here.

Orion Announces New Specialty Carbon Black Production Line in Korea

Filed under: Carbon Black — Notch @ 8:01 am

Orion Engineered Carbons has announced that it has completed construction of a new carbon black production line at its plant in Yeosu, South Korea, to produce specialty products. The line started production on November 23rd and has begun commercial sales.

“This new line in Yeosu will produce premium grades of Specialty Carbon Black for demanding customer applications such as automotive coatings, engineered plastics, printing inks and adhesives & sealants,” said Jack Clem, Orion’s Chief Executive Officer. “It is another step in Orion Engineered Carbons’ ongoing transition to higher value added products for specialty and technically demanding rubber applications.”

The Yeosu Plant has also just completed a major upgrade to a Technical Rubber Carbon Black production line. This line is also back in commercial production.

Read the full press release here.

Birla appoints new head of Specialty Blacks Business

Filed under: Carbon Black, Rubber Chemicals — Notch @ 7:53 am

Birla Carbon has announced the appointment of Todd Cottrell as president of its Specialty Blacks Business. He will succeed Jas Sandhu who is set to retire.

As President of the Specialty Blacks Business and a member of Birla Carbon’s Senior Management Team, Todd Cottrell will report to John Loudermilk, Chief Operating Officer, Birla Carbon. Cottrell has more than 20 years of experience in specialty chemicals, pigments, coatings, adhesives, and other types of products.

Read the full press release here.

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