Arkema Coating Resins announces price increase for latex products in North America

(arkema-inc) -- Effective February 21, 2012 or as contracts allow, Arkema Coating Resins will increase pricing on all latex products sold in North America. ENCOR acrylic, styrene-acrylic, styrene-butadiene and NEOCAR Acrylic latexes will increase by USD 0.05 to USD 0.07 per wet pound. ENCOR vinyl-acrylic, vinyl acetate-ethylene and NEOCAR Latexes will increase by USD 0.02 to USD 0.03 per wet pound.

This action is necessary due to escalation in the cost of raw materials and transportation for latex products.

Customers should contact their Arkema Coating Resins account representative for additional details.


Lifocolor is investing in a new plant in Poland

(lifocolor) -- Lifocolor Farbplast (Bydgoszcz/Poland) a group member of the masterbatch producer Lifocolor Farben GmbH & Co. is investing EUR 2 mln in a new plant in Bydgoszcz. The facility is located in "Bydgoski Park Przemyslowo-Technologiczny" at the south eastern border of the town.

With this new plant Lifocolor Farbplast increases its previous production and warehouse area to 3,000 m, three times more than its previous size. Start of operation is in September 2012.

The new production area will be equipped for batch sizes from 5 kg to 5 tonnes with a total masterbatch capacity of up to 1,000 tons per year. Place for further construction is present.

In Bydgoszcz Lifocolor Farbplast has been developing and manufacturing masterbatches with 20 employees for over 15 years now. The company is certified according to ISO 9001:2008.

Most of the colour settings for the thermoplastic polymers are developed in the adjacent colour lab. Standardized raw materials and a close networking with the other Lifocolor sites in Germany, the Czech Republic and France enable Lifocolor Farbplast to produce and market masterbatches on a high quality level to serve local and global customers.


LANXESS invests EUR 20 million in aromatics network

(lanxess) -- Specialty chemicals company LANXESS is expanding cresol production at the Leverkusen site once again. It plans to further increase capacity for this high-quality intermediate for the global market by some 20 percent by mid 2013. Among other applications, cresols are widely used in the manufacture of vitamin E, resins and flame retardants and in the agrochemicals sector.

⌠This investment of around EUR 20 million in extending this facility is another clear statement by LANXESS highlighting the company's commitment to Germany and North Rhine-Westphalia as an industrial location, said Werner Breuers, member of the board of management of LANXESS AG. ⌠We expect sustainable market growth with cresols and have aligned our long-term planning to this.

The expansion is part of the business unit's long-term asset strategy. ⌠To be able to hold on to our world market position in the future, it will be necessary to consistently continue increasing our productivity. That's why in the near future we want to boost the capacities of other high-grade intermediates too, added Hubert Fink, head of the Advanced Industrial Intermediates business unit. ⌠This will enable us to share in the growth of our customers and meet their demand for reliable delivery even more effectively.

In the first expansion step completed in 2010, the company invested around EUR 35 million in the aromatics network, increasing capacities by up to 60 percent.


Indonesia to benefit from Chinese textile crisis

(fiber2fashion) -- Indonesia's textile industry is expecting to benefit from the slowdown in the Chinese textile sector, which is going through a crisis after the Government lifted subsidies and incentives provided to the sector.

The Chinese textile sector is also finding it difficult to find skilled workforce amid rising labour costs. This provides good opportunity for the Indonesian textile industry to capitalize on the situation and compete with China made goods, according to the Indonesian Textile Association (API).

The decrease in cotton prices from last year's record high is also a favourable aspect for the Indonesian textile
sector, the API said. The financial crisis in the EU and the US last year had no significant impact on Indonesian textile industry, as it found new markets in Asia. The sales in Indonesian domestic market have also increased last year, API added.
However, API said the high lending rates for the textile industry and the planned increase in electricity tariff from
April this year are impediments for the sector's growth. It said the Government should find solutions to these two aspects for sustainability of the country's textile industry, in view of the fact that the country's textile sector can employ up to 15 percent of the total workforce.

Banks currently retain credit interest rates for the textile industry in double digits, while it is in single digit in other
countries, API said. Meanwhile, Bank Indonesia (BI) said it would encourage commercial banks to extend loans to the textile industry at competitive rates.


New phenolic resin production site to be build in Nanjing

(siigroup) -- SI Group announces that it will invest USD30 million to build an additional phenolic resin manufacturing site in the Nanjing Chemical Industry Park, NCIP. The new site will have an initial capacity of 30,000 mt/year and the potential for expansion to reach 70,000 mt/year.

The facility is set to commence operation in May 2013, and will produce phenolic resins in lump, pastille, liquid, and powder forms to serve the rubber, abrasive, friction, impregnation, and refractory markets. This particular location was selected taking into account SI Group customer needs and business processes.

Nanjing Chemical Industry Park provides world class infrastructure, a skilled workforce, outstanding logistics and access to raw materials. Recently the company announced the opening of a state of the art modern rubber and industrial phenolic resin application laboratory at its Songjiang plant. The overall investments in this modern lab total an approximate USD 1,5 million.
The facility stands as the global standard for research and development of resin products and further enhances SI Group's position as an industry technology and innovation leader. Also at its Songjiang location, SI Group invested USD3 million for a cutting-edge waste water treatment plant.

The construction of the new resin facility in Nanjing and the company's plan to further expand resin production capacity in 2012 are in step with SI Group's accelerating growth strategy for the China market.

SI Group is a family-owned company founded in 1906 and headquartered in Schenectady, New York. A leading global developer and manufacturer of phenolic resins, alkylphenolic resins, alkylated phenols and other chemical intermediates, SI Group operates 20 facilities in 12 countries around the world.