MOSCOW (MRC) -- thyssenkrupp Industrial Solutions’ subsidiary Uhde Inventa-Fischer signed a contract to build new world-scale polymer plants for MERINOS HALI SANAYI VE TICARET A.S., Turkey, said Hydrocarbonprocessing.
The plant will use Uhde Inventa-Fischer’s proprietary patented MTR (Melt-to-Resin) technology to produce 330,000 tpy of resin for the production of PET bottles as well as bright chips for textile applications.
Ali Erdemoglu, Chairman of Merinos Hali San. Ve Tic. A.S.: “The foundations of the companies and brands of Erdemoglu Holding, which have become a giant company by adding new ones to its achievements day by day, were laid in 1970. Merinos Hali, one the major group of companies of Erdemoglu Holding, will secure his international quality standard and global leadership in the carpet industry with its state-of-the-art production facilities. It is an honor to cooperate with UIF for our growth strategy."
Werner Steinauer, CEO of Uhde Inventa-Fischer: “We are very proud that Merinos chose us to build a MTR plant for bottle grade and textile application. Scope of delivery for all plants includes basic and detail engineering, delivery of all necessary components, technical services regarding plant erection as well as supervision of erection and commissioning."
MTR – a cost-effective solution for producing high-quality PET resin The MTR process eliminates the SSP (solid-state polycondensation) and leads to substantial energy savings. It reduces investment, operating and maintenance costs, has a higher raw material yield and results in products of superior quality. The MTR process is based on Uhde Inventa-Fischer’s proprietary 2-Reactor technology which uses the patented ESPREE and DISCAGE reactors to obtain the desired high melt viscosities.
As per MRC, Thyssenkrupp suspended its 2021/22 forecast for free cash flow before mergers and acquisitions for due to the Ukraine crisis and said it was unclear if it would still be able to spin off its steel division, said the company.
Although the group’s sales from Russia and Ukraine are negligible at significantly less than one percent of total sales, the Executive Board estimates that the group’s business performance will be impacted by the far-reaching macroeconomic and geopolitical consequences of the war in Ukraine. The Executive Board currently assumes that the global disruptions at various points in the supply chain will affect above all thyssenkrupp’s steel and automotive supply businesses. Opposing developments in materials trading, which is benefiting from the current increase in raw material and material prices, and the countermeasures initiated will not be able to fully compensate these impacts.