Trinseo announces offering of Senior Notes to refinance existing indebtedness

MOSCOW (MRC) -- Trinseo, a global materials company and manufacturer of plastics, latex and rubber, has announced that it intends to raise USD750 million equivalent in gross proceeds (in one or both of US dollars and euros) through an offering of senior notes due 2022 by its subsidiaries Trinseo Materials Operating S.C.A. and Trinseo Materials Finance, Inc., said the producer on its site.

The net proceeds from the notes offering, together with approximately USD450 million of term loan borrowings expected to be available under the Issuers’ new senior secured credit facility and available cash, will be used to repay all outstanding indebtedness under the Issuers’ 8.750% Senior Notes due 2019. The consummation of the notes offering is subject to market and other conditions.

As MRC reported earlier, Trinseo and its affiliate companies in Europe has increased April contract and spot prices for all polystyrene (PS) and copolymer grades, as follows:

- STYRON general purpose polystyrene grades (GPPS), STYRON and STYRON A-TECH high impact polystyrene grades (HIPS) - by EUR320/tonne;
- MAGNUM ABS and TYRIL SAN resins - by EUR230/tonne.

Trinseo is a leading global materials company and manufacturer of plastics, latex and rubber, dedicated to collaborating with customers to deliver innovative and sustainable solutions. Trinseo’s technology is used by customers in industries such as home appliances, automotive, building & construction, carpet, consumer electronics, consumer goods, electrical & lighting, medical, packaging, paper & paperboard, rubber goods and tires. Trinseo had approximately USD5.1 billion in net sales in 2014, with 19 production sites around the world, and approximately 2,100 employees. Formerly known as Styron, Trinseo completed its renaming process in the first quarter of 2015.
MRC

BASF presents "Skin Care Polymers Toolbox" for the skin care market

MOSCOW (MRC) -- BASF, the world's petrochemical major, has introduced a new solution: the "Skin Care Polymers Toolbox" to better help customers find the ideal polymer for their individual skin care product, as per the company's press release.

The company analyzed its complete polymer portfolio based on four criteria: viscosity versus pH range, electrolyte tolerance, emulsifying capability and sensory profile. One of the procedures employed for the evaluation was the Pillow Talk - a BASF sensory assessment method where trained individuals compare how their skin feels on the surfaces of different pillows after applying a cream or emollient. "With the results of our analysis we can give our customers clear guidance regarding which polymer is performing how in which formulation," said Francesco Romagnoli, Marketing Manager for Skin Care Polymer Europe. "The Skin Care Polymers Toolbox allows cosmetics manufacturers to choose the most suitable polymer for their specific skin care application."

Among the polymers identified, especially two can help cosmetics manufacturers to optimize the sensory characteristics of their products: Cosmedia SP - efficient thickener and emulsifier for an elegant afterfeel and sensory modifier with a lubricious effect/

Cosmedia SP, off-white, free-flowing powder, stands out for its exceptional sensorial profile and elegant afterfeel. It delivers silky and velvety sensory properties without stickiness, which is appealing for all skin care applications. Cosmedia SP offers emulsifying and suspending capabilities without needing an additional emulsifier, and also demonstrates good thickening capabilities. It demonstrates flexibility as it is suitable for cold processing and can be added to an oil or water phase.

Rheocare HSP 1180, clear, viscous liquid solution, is a sensory modifier imparting a soft and plush afterfeel. Rheocare HSP 1180 can be used at a broad pH range and delivers high lubricity even at low concentrations. When introduced to formulations, it reduces the friction during application: Being rubbed in, it delivers an immediate sense of lightness and quickness comparable to that of oils, but without leaving an oily feeling on the skin. Thus, Rheocare HSP 1180 is particularly suited for skin care products that require a sophisticated sensory profile.

As MRC reported before, earlier this month, BASF unveiled its largest construction chemicals plant in India at Nellore (Andhra Pradesh, South-East India). This is BASF’s fifth construction chemicals plant in the country. With its state-of-the-art technology and strategically located close to regional growth centers, the plant will enable BASF to respond in a timely fashion to customers’ needs in the Southern part of India and to support them with high-performance solutions in the highly competitive market.

The BASF Group’s Intermediates division develops, produces and markets a comprehensive portfolio of more than 700 intermediates around the world. Its most important product groups include amines, diols, polyalcohols, acids and specialties. Among other applications, intermediates are used as starting materials for coatings, plastics, pharmaceuticals, textiles, detergents and crop protectants. BASF had sales of about EUR74 billion in 2014 and over 113,000 employees as of the end of the year.
MRC

Lotte Titan to shut LLDPE plant for maintenance

MOSCOW (MRC) -- Lotte Titan is in plans to shut its linear low density polyethylene (LLDPE) plant for a maintenance turnaround, as per Apic-online.

A Polymerupdate source in Indonesia informed that the plant is likely to be shut towards end-June 2015. The duration of the shutdown could not be ascertained.

Located in Merak, Indonesia, the plant has a production capacity of 450,000 mt/year.

As MRC informed previously, South Korea-based company Lotte Chemical is likely to shut a cracker for maintenance turnaround next year in October 2015. It is likely to remain off-stream for around one month. Located in Daesan, South Korea, the cracker has an ethylene capacity of 1 million mt/year, propylene capacity of 500,000 mt/year and butadiene capacity of 150,000 mt/year.

The Lotte Group currently has a presence in Indonesia via its subsidiary, Honam Petrochemicals, which acquired Malaysia’s polyolefin major Titan Chemicals in July 2010. Included in the acquisition was Titan’s Indonesian subsidiary - PT Titan Petrokimia Nusantara (TPN), which has a polyethylene (PE) production capacity of 450,000 tonnes/year.
MRC

BASF expands its product range of melamine resin foams for room acoustics

MOSCOW (MRC) -- BASF is expanding its range of the melamine resin foam Basotect with a version which has been developed specifically for use in visible applications, reported the company on its site.

The new Basotect B is white and meets the highest demands when it is used as a sound absorber for optimizing the acoustics of rooms.

Basotect B opens up new design options. Bright rooms which are bathed in light can be impressively showcased with the white Basotect B.

"The demand from architects and designers for visually appealing sound absorbers is very high," says Johannes Kiefer, Professor in the Department of Design, Computer Science, Media at RheinMain University of Applied Sciences in Wiesbaden.

Basotect B offers attractive design possibilities thanks to its white color and the various options for shaping it. Besides the established properties of Basotect, such as excellent sound absorption, flame retardancy, high inherent rigidity, and ease of processing, Basotect B has a high light reflectance value which can help to lower the lighting demand and thus save energy.

As MRC wrote previously, BASF is significantly expanding its production capacity for about 20 specialty amines at its Verbund site in Ludwigshafen, Germany. BASF says it will invest a double-digit million euro amount in expanding current production facilities, which are planned to go on stream gradually by early 2017. The specialty amines are especially used for the manufacturing of coatings, lubricants, crop protection products and pharmaceuticals.

The BASF Group’s Intermediates division develops, produces and markets a comprehensive portfolio of more than 700 intermediates around the world. Its most important product groups include amines, diols, polyalcohols, acids and specialties. Among other applications, intermediates are used as starting materials for coatings, plastics, pharmaceuticals, textiles, detergents and crop protectants. Around the globe the division generated sales to third parties of about EUR2.8 billion in 2013.
MRC

Yibin Tianyuan shut PVC plant in China for maintenance

MOSCOW (MRC) -- Yibin Tianyuan has shut a polyvinyl chloride (PVC) plant for maintenance turnaround, according to Apic-online.

A Polymerupdate source in China informed that the plant was planned to be shut on April 15, 2015. It is likely to remain off-stream for around one month.

Located in Sichuan province, China, the plant has a production capacity of 380,000 mt/year.

As MRC reported earlier, Guangzhou Tosoh shut down its PVC plant for maintenance turnaround on February 27, 2015. It remained off-stream for around one month. Located in Guangzhou, China, the plant has a production capacity of 250,000 mt/year.

Besides, Shandong Dongyue restarted its PVC plant following maintenance turnaround in early March 2015. It was shut on February 6, 2015. Located in Shandong province, China, the plant has a production capacity of 120,000 mt/year.
MRC