News from Notch Consulting, Inc.

June 5, 2018

SK Capital Partners to acquire SI International, merge with Addivant

Filed under: General, Rubber Chemicals, Tackifiers — Notch @ 9:28 am

On June 1, New York-based private equity firm SK Capital Partners announced the acquisition of SI Group (Schenectady, NY), a leading supplier of plastic additives and rubber chemicals. The business will be merged with SK’s own Addivant business. The Addivant business is the former antioxidant and light stabilizer business of Chemtura, which SK acquired in 2013. No purchase price for the SI Group deal was announced; the transaction is expected to close in the second half of 2018.

SI Group, which was founded in 1906 as Schenectady Varnish Co., has more than $1 billion in sales and employs more than 2,800 at 20 locations worldwide. Its product lines include plasticizers, flame retardants and antioxidants. It is also the world’s leading supplier of rubber tackifiers.

Barry Siadat, SK co-founder and managing partner, said in a news release that “by combining the complementary strengths of SI Group and Addivant, we will be creating a global technology and industry leader in plastic, lubricant, oilfield and rubber additives.”

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February 16, 2018

Tire Technology Expo is coming next week to Hannover

Filed under: Carbon Black, Rubber Chemicals, Silica — Notch @ 4:11 pm

Next week is the annual Tire Technology Expo in Hannover. This is one of the best tire conferences in the world, with a huge trade show and a full 3 day conference of papers. Notch will present a paper during Stream 2, “Business Strategy” on Wednesday, February 21 at 11:00 am. The paper is entitled, “Outlook for Reinforcing Fillers and Rubber Chemicals,” and it covers carbon black, precipitated silica, and rubber chemicals (antidegradants, antioxidants, accelerators). See you there!

January 30, 2018

Eastman adds insoluble sulfur to aid tire makers

Filed under: Rubber Chemicals, Tires — Notch @ 12:22 pm

Eastman Chemical Co. has unveiled a new insoluble sulfur that it said will help tire manufacturers improve the productivity of their compounding operations.

Crystex Cure Pro was introduced during the ACS Rubber Division International Elastomer Conference in Cleveland. Compared to traditional insoluble sulfur materials, Eastman said the Crystex Cure Pro line offers superior dispersion, improved thermal stability, enhanced flow, less oil and more sulfur.

“It’s a unique insoluble sulfur vulcanization aide that has been demonstrated to have the potential to enhance the productivity of tire plants in reducing the number of mixing steps,” said Lucrece Foufopoulos, vice president and general manager for Eastman’s rubber additives. “In shortening the time on the calender unit, it generates productivity improvements and cost savings as a result of that.”

Besides product differentiation, Eastman also wants to ensure a reliability of supply around the globe. To that end, the firm is on track to open a new factory in Kuantan, Malaysia, that it claims will be the world’s largest producer of insoluble sulfur. Eastman didn’t disclose details on the Malaysian project, but expects to open in during 2018’s first quarter. The plant is on the site of an existing Eastman facility, and rubber additives is one of three company businesses that are expanding there.

Eastman has four rubber chemicals factories in the U.S., two in Europe, two main locations in Asia and one plant in Latin America.

Referenced article found here.

December 12, 2017

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.

November 20, 2017

Notch updates Rubber Chemicals report

Filed under: Rubber Chemicals — Notch @ 12:23 pm

Notch recently updated its annual report on the global rubber chemicals industry, The Rubber Chemicals Market Update. The report provides detailed coverage of antidegradants/antioxidants (6PPD/IPPD, TMQ, and other antioxidants), accelerators, and other chemicals (including tackifiers, adhesion promoters, reinforcing resins, retarders and antiscorch agents, homogenizing agents, peptizers, and blowing agents). The October 2017 issue is 39 pages with 18 tables covering demand by product, market, and region, production capacity for leading suppliers, recent and proposed capacity expansions, and pricing. The report also includes rubber chemical sales in US$ by company and major product segment. The PDF report includes a separate Excel spreadsheet that provides extensive additional data, including regional tables. Contact Notch at info @ notchconsulting.com for details and subscription options.

November 2, 2017

Konimpex opens new logistics center in Poland

Filed under: Carbon Black, Rubber Chemicals — Notch @ 7:28 am

Konimpex Ltd., a distributor of raw materials and chemicals for the tire and rubber sector, has opened a new logistics center in Kolo, Poland.

“The logistic operation supports the supply of black and white parts, for carbon black and other materials respectively,” said Konimpex. An ‘up-to date’ decanting station is already in operation along with other enhanced materials-handling and warehousing capabilities, added a company statement.

Established in Poland in 1989, Konimpex is a distributor of products including carbon black and synthetic rubber, serving the global tire and rubber sector.

Recently the company has started offering new logistics services, in addition to its distribution activities, including the delivery of fillers for the tire industry.

Referenced article found here.

July 4, 2017

Lanxess restructuring impacts Rhein Chemie unit

Filed under: Rubber Chemicals — Notch @ 2:21 pm

Following the acquisition of U.S. firm Chemtura in April this year, specialty chemicals company Lanxess has revised its organizational structure. The two business lines Rubber Additives Business (RAB) and Colorant Additives Business (CAB) now both belong to the Rhein Chemie business unit.

Lanxess’s goal with this restructuring is to adopt a more targeted approach with an even stronger customer focus. The unit will in the future cover specialty business with active ingredient compounds, specialty chemicals and processing aids for the rubber, plastics and colorants industries.

Rhein Chemie will remain the umbrella brand for rubber and colorants business. Lubricant and flame retardant additives business has been transferred to Lanxess’s Additives business unit. The two units will form the Specialty Additives segment in the company.

Read the full press release here.

April 2, 2017

INDSPEC closing Petrolia, PA plant, exiting resorcinol industry

Filed under: Rubber Chemicals, Tires, Uncategorized — Notch @ 6:42 pm

Last week INDSPEC Chemical, an affiliate of Occidental Chemical Corp., announced that it was immediately ceasing production of resorcinol and related products at its Petrolia, Pennsylvania plant and that the plant would be shut down permanently by July 31, 2017. INDSPEC sold the Penacolite resins business in 2016 and agreed to continue manufacturing that product at the Petrolia plant for the transition period, which will cease at the end of July. The plant was not cost effective compared to global competitors.

“Our workers have made a significant effort over the last several years to improve the viability of the plant. Nevertheless, the outlook for the business continues to be unfavorable due to a number of factors including a global oversupply of our main product, resorcinol, and because INDSPEC’s manufacturing process is not as efficient as that of global competitors,” said Plant Manager Andre Salameh.”

Resorcinol is a crucial component of adhesion promoters, which are used in tires (specifically the belt plies, bead, and bead apex) to improve adhesion between the rubber layers and textile or steel reinforcements. Resorcinol is also used in manufactured wood products and flame retardants.

The shut down has left customers scrambling to find supplies. Other suppliers of resorcinol for rubber markets include Isochem (Germany), Kolon Industries (Korea), Lanxess (Germany), SI Group (US), Shanghai Amino-Chem (China), Sino Legend (China), and Sumitomo Chemical (Japan)

June 9, 2016

Sinorgchem to acquire Emerald’s rubber chemicals business

Filed under: General, Rubber Chemicals — Notch @ 6:00 am

On May 6, Emerald Performance Materials (Cuyahoga Falls, OH) announced an agreement to sell its Specialties and Polymer Additives and Nitriles businesses to DyStar L.P., the US subsidiary of DyStar Global Holdings Pte. Ltd. (Singapore). The sale involves five of the company’s nine plants, specifically the dedicated plants in Charlotte, NC, Cincinnati, OH, Cheyenne, WY, Henry, IL, and a portion of a shared site in Akron, OH.  Terms of the transaction were not disclosed. The sale is expected to close in the third quarter of 2016, subject to standard regulatory approvals.

Rubber & Plastics News has details on this deal. In addition to the transaction mentioned above, DyStar said Jiangsu Sinorgchem Technology Co. Ltd. will acquire the Polymer Additives & Nitriles business. Jiangsu Sinorgchem is a subsidiary of Sinochem Group, a state-owned Chinese chemical company. Emerald Polymer Additives produces Good-Rite antioxidants (phenolics and TMQ) and Cure-Rite accelerators, with applications in rubber, plastics, and lubricants. Plant locations are Henry, Illinois and Akron, Ohio. Emerald’s Specialty Nitrile Latex Polymers is the largest US producer of specialty nitrile latex and butadiene-based emulsion polymers. Applications include paper, coatings, coal tar emulsions, and other industrial applications. These products are produced in Akron, Ohio.

Jiangsu Sinorgchem said acquiring the business group will expand its globalization efforts for the firm’s rubber chemicals business while adding to its capacity, strengthening its global supply system, and enhancing its international marketing and supply capabilities. The acquisition of the nitrile division will give Sinorgchem a solid North American foundation for the manufacture of specialty butadiene and butadiene-acrylonitrile-based latexes.

DyStar, which already has a US headquarters in Charlotte, North Carolina, will retain the Specialties business, which includes three manufacturing plants in Charlotte, North Carolina (foam control products, specialty silicones); Cheyenne, Wyoming (foam control products); and Cincinnati, Ohio (pigment dispersions and dyes).

Financial details on the sales were not disclosed. Officials at Emerald and DyStar said further details would not be released until after the sale closes. After the divestitures are complete, Emerald will consist of two units: CVC Specialty Chemicals (specialty epoxy resins and reactive liquid polymers) and Kalama Chemical (toluene oxidation chemistry).

 

 

 

 

August 31, 2015

Notch updates report covering global rubber chemicals market

Filed under: Rubber Chemicals — Notch @ 1:01 pm

This month, Notch Consulting published a new edition of the Rubber Chemicals Market Update, an annual overview of the global rubber chemicals industry. This report provides current conditions and future prospects for antidegradants (6PPD/IPPD, TMQ, and other antioxidants), accelerators, and other chemicals (including tackifiers, adhesion promoters, reinforcing resins, retarders and antiscorch agents, homogenizing agents, peptizers, and blowing agents). The new issue is 39 pages with 19 tables. As always, the report includes a separate Excel spreadsheet that provides regional demand data, production capacity for leading suppliers, and a list of recent and proposed capacity expansions. The report also provides an overview of the tire and rubber industry, including a status report on recent and proposed expansions in tire plant capacity. The new edition also provides rubber chemical sales by company and major product segment. Contact Notch at info@notchconsulting.com for more information or to order.

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