Melitek starts-up new production line for healthcare compounds

MOSCOW (MRC) -- Melitek, the Danish compounder celebrated the finishing of its expansion project and the start-up of a new production line on 15 September, as per GV.

During the last year, the company headquartered in Alslev, expanded its plant with new buildings for additional production area and an extra warehouse.

"The expansion has proceeded according to plan and budget and the new production line is installed and ready for start-up in October 2014," says Kim Laursen, Managing Director.

"The new line is in essence a true duplicate of our current line with same brands and sizing making it redundant to our current large medical line. It will however have many new features making production even more efficient and safe so indeed we are looking forward to take it into use," continues Kim Laursen.

The company said, that is experiencing increased sale from existing customers as well as from new customers. "We are expecting continued growth from our current customers and we also enjoy start of supply to new customers that will yield a strong demand for our products and services dedicated to the healthcare segment. Our growth is both on our elastomer for PVC replacement and on modified polymer plus systems," informs Jesper Laursen, Melitek’s Business Director.

With the new line in operation, Melitek has three lines dedicated to meliflex compounds for healthcare market yielding a total capacity of 25 000 tonne. The company expects that the turnover, due to the additional production line, will double within the next 5 years.

As MRC reported earlier, the value of the global medical polymer market is set to rise by more than half in the next five years, boosted by an ageing population and developing markets. The market is estimated to grow from USUSD2.3 bln to over USUSD3.5 bln, a rise of more than 52%, between now and 2018.

Melitek is a private owned Danish company specialised in medical compounds based on 30 years of experience servicing the healthcare market. Under the brand name Meliflex the company offers a broad range of materials (PE, PP, TPE, TPO and COC based compounds) that are produced according to GMP and ISO with an extensive medical service package. The compounds are PVC-free and do not contain any phthalate plasticizers.
MRC

MOSCOW (MRC) - Total imports of high density polyethylene (HDPE) in Ukraine decreased to 62,700 tonnes in the first eight months of this year, down 36% year on year. The main decrease occurred for film HDPE, according to MRC DataScope.

Ukraine's HDPE imports decreased to 6,400 tonnes in August 2014, compared with 10,200 tonnes in July because of the almost complete cessation of supplies from Russia, as well as a major drop in the supply film HDPE from Europe and Middle East. Total HDPE imports in the country were 62,700 tonnes in January - August, compared with 98,500 tonnes year on year.

The decline in deliveries were seen in all sectors of consumption, but the greatest decrease occurred for the film and pipe HDPE. Structure of delivery over the reporting period looked as follows.

August's imports of film HDPE in Ukraine were 2,700 tonnes, compared with 4,400 tonnes in July. Ukraine's imports of film HDPE totalled 24,500 tonnes in the first eight months of the year, down 41% year on year. The main import supplies of film HDPE occurred for the producers from Europe and the Middle East.

Ukraine's imports of pipe HDPE were 1,900 tonnes in August, compared with 1,700 in July. Pipe HDPE imports in the country totalled 12,000 tonnes in January - August 2014, compared with 19,600 tonnes year on year. Local converters reported a significant reductions in export quotas from European and Middle Eastern producers along with weak demand in the domestic market.

August imports of blow moulding HDPE in Ukraine decreased to than 900 tonnes, almost three times less from the July level. Total imports of blow moulding HDPE in Ukraine were 12,000 tonnes in January-August 2014, compared with 18,200 tonnes year on year.

August's imports of injection moulding HDPE decreased to 700 tonnes, compared with 1,600 tonnes in July. Ukraine's imports of injection moulding HDPE decreased to 12,000 tonnes in January - August 2014, down 5% year on year.

Total HDPE imports in other consumption sector for the period were 2,400 tonnes, compared with 6,300 tonnes year on year.


MRC

MOSCOW (MRC) -- French chemicals group Arkema has offered to buy oil major Total's adhesives business Bostik, which makes Blu-Tack, for EUR1.74 billion (USD2.24 billion), as per the company's press release.

Total, under pressure from shareholders to improve its cash flow and raise dividends, has embarked on a major divestment program. A sale of Bostik at that price would increase its announced disposals this year to near USD20 billion - at the top of its target range of USD15-USD20 billion.

For Arkema, which said it hoped to finalize the deal in the coming months, buying Bostik would expand its position in a fragmented global adhesive and sealants market.

Bostik, which makes adhesives and sealants used in products ranging from aircraft components and building materials to diapers, had 2013 sales of EUR1.5 billion and has 4,900 staff worldwide. The company, whose main rivals are Henkel and H.B. Fuller has been a Total unit since 1990.

As MRC reported previously, in July 2014, Arkema and Omya, a Switzerland-based global provider and distributor of specialty chemicals, entered into an exclusive pan-European distribution agreement. Under this distribution agreement, Omya will market Arkema's plastic additives range for various polymer markets (impact modifier and processing aid solutions).

Arkema is a leading European supplier of chlorochemicals and PVC. Kynar and Kynar Flex are registered trademarks of Arkema Inc.
MRC

MOSCOW (MRC) -- Exxon Mobil Corp. issued a terse statement that the company has received a license from the U.S. government that allows the company to continue working in Russia while it shuts down its first project under a deal signed more than three years ago, said The Wall Street Journal.

Russia’s energy industry had avoided sanctions placed on the country by the U.S. and Europe as a result of the Russian incursion into Ukraine.

Under the latest round of sanctions, foreign oil companies are barred from providing equipment, technology, or assistance to Russian firms to support deepwater, offshore, or shale projects. Because Russia has not developed significant expertise in these areas yet, the ban effectively brings such projects to a grinding halt.

Another new sanction against the Russian oil companies - Gazpromneft, Transneft, and Rosneft - forbids European banks from lending to the companies on maturities of more than 30 days. Russia’s five state-controlled banks, which have been allowed to raise funds on maturities up to 90 days, will also see their maximum maturities cut to 30 days.

Exxon Mobil Corp. formed an alliance with Russia’s state-controlled oil giant OAO Rosneft in 2011 to develop the potentially huge and so-far untapped reserves on Russia’s Arctic Shelf and in Western Siberia’s shale oil deposits. The deal could eventually be worth as much as USD500 billion. Part of the deal included exploration work in the Black Sea, but the big prize is the Arctic. Exxon was able to persuade Russian President Vladimir Putin to cancel taxes on oil exports from the Arctic for up to 15 years in exchange for its investments in the country.

MRC

MOSCOW (MRC) -- Oleg Kozhemyako, Governor of the Amur Region, and Pavel Lyakhovich, Member of the SIBUR Management Board and Managing Director, have signed a cooperation agreement between the Government of the Amur Region and the petrochemical holding, said SIBUR in its press-release.

According to the agreement, both parties share a common interest in SIBUR's investment and its other programmes in the Amur Region, most notably the prospective construction of a gas chemical complex. The agreement provides that when investing in the Amur Region SIBUR will build on the local potential of the region, particularly with regards to its technical infrastructure, labour sourcing and liaison with educational institutions.

The Amur Government, in turn, undertakes to offer full support to ensure development of the gas chemical industry within the Region in compliance with applicable law. In particular the local authorities will look into the possibility assisting in the construction of infrastructure facilities required to build and operate the gas chemical complex, and including these facilities in the state programme for the Socioeconomic Development of the Russian Far East and the Baikal Region through 2025.

In late 2013, SIBUR and Gazprom signed a memorandum of cooperation to build a gas processing plant (GPP) and a gas chemical complex (PCC) in the Amur Region. The agreement outlines cooperation by the parties on the prospective construction of a large-scale multicomponent gas processing complex in the Yakutsk and Irkutsk gas production centres, which Gazprom is developing under the Eastern Gas Programme. Initial estimates suggest that the prospective gas chemical complex will produce 2.4 mtpa of ethylene and its derivatives.

MRC