Xuzhou Haitian shut PP plant in China for maintenance

MOSCOW (MRC) -- Xuzhou Haitian has taken off-stream its polypropylene (PP) plant for a maintenance turnaround, as per Apic-online.

A Polymerupdate source in China informed that the company has undertaken a planned shutdown at the plant on August 5, 2018. The plant is likely to remain off-stream for around one week.

Located at Xuzhou in Jiangsu province of China, the plant has a production capacity of 200,000 mt/year.

As MRC reported earlier, in June 2018, China Tianchen Engineering Corp. won a CNY 689 million (USD108 million) contract to build a 300,000 tonne/year PP plant for Tianjin Bohua, Tianchen's parent firm China National Chemical Engineering Co (CNCEC).

Packaging group Amcor aims to wrap up rival Bemis for USD5.25 billion

MOSCOW (MRC) -- The world’s biggest listed packaging company, Amcor Ltd, swooped on U.S. rival Bemis Company Inc (BMS.N) in a USD5.25 billion all-stock deal that comes as packaging firms are jostling to buy growth with acquisitions, as per Reuters.

The transaction gives Australia-listed Amcor some new products, particularly food-packing film for which Bemis is known, as well as deeper access to the Americas at a time when shifting customer preferences are shaking up the industry.

Bemis shareholders get a 25 percent premium on the company’s closing stock price last Thursday, before details of the deal were reported.

Amcor also is focused on plastic packaging, with about 54 percent of sales in flexible products and 29 percent in rigid products like bottles, according to a presentation on the deal. More than one-third of Amcor sales are in North America, with 31 percent in Europe and 5 percent in Australia and New Zealand.

Current Amcor shareholders will own 71 percent of the combined company, while Bemis holders will have the rest. The new company will be listed on the New York Stock Exchange and the Australia Stock Exchange. The deal, subject to regulatory and stockholder approval, is targeted to close in the first quarter of next year.

Milliken & Company announces leadership transition

MOSCOW (MRC) -- Milliken & Company’s board of directors is pleased to announce the appointment of Halsey M. Cook Jr. as president and CEO effective September 1, 2018. J. Harold Chandler will return to his role as chair of the board of directors, as per the company's press release.

"The board of directors is confident that Halsey is the right leader for Milliken’s next era," said current chair, president and CEO, Harold Chandler. "He has the experience to accelerate what is working very well today at Milliken and, importantly, introduce change where the organization can further leverage our emphasis on innovation, manufacturing excellence and customer care. He will lead an organization with a proven management team that knows how to translate strategy into effective execution and sustainable results. His experience in growing diversified, global businesses and his leadership style are an excellent fit for Milliken’s values, culture and commitment to the community."

Cook’s 30-year career leading a wide range of large, diversified global businesses with significant manufacturing and distribution networks has prepared him to lead family-owned Milliken. His leadership roles in sales, marketing and product development have included international- and U.S.-based assignments across a variety of companies such as United Technologies and Legrand North America. Most recently, Cook was the president and CEO for Sonepar USA, a family-owned global distributor of electrical products and related solutions. These experiences provided opportunities for Cook to drive growth through organic innovation programs and strategic acquisitions. Cook has a B.A. in Economics and English from the University of the South and an MBA from the University of Virginia.

On joining the Milliken team, Cook commented, "I am honored and excited to have been selected to lead Milliken. It is an esteemed company with talented associates and an opportunity-rich future. I am looking forward to meeting the team and listening to their ideas and aspirations for the next chapter of Milliken & Company."

As MRC reported before, in H1 2018, Milliken Chemical intoduced containers of NX UltraClear polypropylene (PP) made using its Millad NX 8000 clarifier. Containers made with NX UltraClear PP are lightweight, microwaveable, can be hot-filled, and are recyclable.

Milliken is an innovation company that has been exploring, discovering, and creating ways to enhance people’s lives since 1865. The company creates coatings, specialty chemicals, and advanced additive and colorant technologies that transform the way we experience products from automotive plastics to children's art supplies.

L&T Hydrocarbon Engineering wins EPC contract from HPCL-Mittal Energy

MOSCOW (MRC) -- L&T Hydrocarbon Engineering (LTHE), a wholly-owned subsidiary of engineering giant Larsen & Toubro, has announced it has won an onshore Engineering Procurement and Construction (EPC) contract from HPCL-Mittal Energy (HMEL), a joint venture between Hindustan Petroleum Corporation Limited and Mittal Energy Investment, as per EnergyWorld.

Under the contract, LTHE would set up seven cracker furnaces at the Bathinda refinery in Punjab. The order for setting up the furnaces of 1,200 kilo-tonne per annum (KTPA) dual-feed cracker unit is part of HPCL-Mittal Energy's Guru Gobind Singh Polymer Addition project.

The firm said that the scope of work under the contract covers project management, residual engineering, procurement and supply of cracker furnace systems, components, auxiliaries, fabrication in modules, erection, construction and commissioning.

LTHE plans to use its modular fabrication facilities in Hazira, Gujarat for fabrication of furnace modules.

The process licensor for the cracker unit was McDermott, an American multinational EPC and installation company, the company in a statement.

As MRC informed before, in March 2018, HMEL received clearance from India’s ministry of environments for the polymer addition project at its Guru Gobind Singh refinery and petrochemical complex.

Hindustan Petroleum Corporation Limited (HPCL) is an Indian state-owned oil and natural gas company with its headquarters at Mumbai, Maharashtra and with Navratna status. HPCL has about 25% marketing share in India among PSUs and a strong marketing infrastructure. The Government of India owns 51.11% shares in HPCL and others are distributed amongst financial institutes, public and other investors.

RDS, Kavin partner to pursue upstream and midstream projects

MOSCOW (MRC) -- RDS, a KCA Deutag business, and Kavin Engineering And Services Private (Kavin) have partnered to combine their strengths and expertise to jointly pursue design and engineering projects across the upstream and midstream oil and gas market, as per Compelo.

RDS is a leading drilling facilities design and engineering specialist, which has been delivering world-class projects for over four decades and has over 60 designs in operation.

Kavin is a global leader in design and engineering of process facilities for FPSO Topsides, having successfully delivered complete process topside solutions for 7 FPSOs and single/multiple modules for about 80 FPSOs, over a period of 16 years.

Working closely together, RDS and Kavin will provide services from their operations across five continents, focusing on innovative, cost effective, fit for purpose solutions for clients.

This alliance enables RDS and Kavin to execute onshore and offshore projects from the seabed up, leveraging the strengths and experience of the combined companies across the full project lifecycle.

Albert Allan, Senior Vice President of RDS said, “This exciting new relationship presents a broader and deeper market offering that will enable us to draw on the strengths of both organisations to deliver high value, high quality projects across a wider spectrum and I look forward to our first joint delivery."

Ramachandran, CEO of Kavin said, “We feel proud to have achieved this important milestone. This agreement will strengthen the co-operation between RDS and Kavin and will be an enabler for delivering quality custom built solutions. We are very hopeful that the two organisations will leverage each other’s strength to achieve success."