Polynt Group to expand special plasticizers in Mexico

Polynt Group to expand special plasticizers in Mexico

MOSCOW (MRC) -- Polynt Group started the process for the installation of a new esterification plant to produce special plasticizers, in particular trimellitates, at its site in Atlacomulco, Mexico, said the company.

Special high-performance plasticizers, with their superior technical performances in electrical and high temperature applications, are a main component for the electrification of cars and transportation, a general trend so important for improving environmental sustainability. Trimellitates represents the most effective family of products that can satisfy those outstanding performance characteristics.

Polynt has been developing and marketing a wide range of these products since a long time for different technical needs. To support their growth and demand, Polynt has started the process for the installation of a new esterification plant to produce Special Plasticizers, and among those mainly trimellitates, in its site in Atlacomulco (Mexico).

The design and permitting activities will begin during H2 2022. The erection of the plant is planned during 2023 and will take place also using part of the equipment of the Polynt trimellitates plant of the Changzhou site (China), closed in 2021. Mechanical completion is expected by the end of 2023 and the start-up is scheduled in Q1 2024.

As it was written earlier, Polynt Group employees, together with the Company, made a charitable donation to the “Amici del MoyaMoya ONLUS” association to help both the reception of Ukrainian children and women fleeing the war (Matrioska Association) and the transport of essential goods to the boarder regions. In addition, Polynt Composites Poland Sp. z o.o. made a further donation to the “Aiutiamoli a Vivere” association to help Ukrainian children.

We remind, Black Diamond Capital Management, L.L.C. has announced that Speciality Chemicals International Limited has agreed to repurchase Investindustrial’s shares in the of Polynt-Reichhold Group and following the completion of the transaction, Black Diamond will become the Group’s controlling shareholder.

Polynt Group is a global leader for thermoset composites and other specialty chemicals. The Company is specialized in the development and production of Unsaturated Polyester Resins, Trimellitic Anhydride and other Special Anhydrides, and derivatives of main organic acids. Through our worldwide presence with manufacturing, commercial and R&D facilities, Polynt Group provides its customers with innovative and sustainable solutions. Throughout its value chain, the Company combines eco-design, quality and progress while protecting the environment, as a responsible Company pioneering innovation.
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S-Oil business sales increased significantly

S-Oil  business sales increased significantly

MOSCOW (MRC) -- S-Oil Corporation's Oil Refining business sales from external customers stood at Won 20,190,770 M and Won 12,635,043 M for 2021 and 2020, respectively, said the company.

Inter-segment sales stood at Won 6,644,647 M and Won 3,746,009 M for 2021 and 2020, respectively. Total sales stood at Won 26,835,417 M and Won 16,381,052 M for 2021 and 2020, respectively.

Operating profit stood at Won 908,222 M and Won (1,704,106) M for 2021 and 2020, respectively. Property, plant, equipment and intangible assets stood at Won 6,748,840 M and Won 7,061,125 M for 2021 and 2020, respectively.

Depreciation and amortization and others stood at Won 395,387 M and Won 386,826 M for 2021 and 2020, respectively.

As per MRC, S-Oil Corporation has brought the residual fluidization catalytic cracking plant (RFCC) online. S-Oil Corporation has brought the residual fluidization catalytic cracking plant (RFCC) online on 24 May 2022, four days after an explosion rocked the company’s refinery unit in Ulsan, forcing the maker to take all downstream plants offline as a safety measure.

S-Oil Corp. engages in the operation of oil refineries. It operates through the following business divisions: Oil-Refining, Lube Oil, and Petrochemical. The Oil-refining includes the processing of liquefied petroleum that produces gas, naphtha, kerosene, diesel, and b-c Oils. The Lube Oil produces lube-based oil and marine lubricants. The Petrochemical provides benzene, toluene, xylene, and para-xylene. The company was founded on January 6, 1976 and is headquartered in Seoul, South Korea.
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LANXESS increases prices for ion exchange resins and iron oxide adsorbers

LANXESS increases prices for ion exchange resins and iron oxide adsorbers

MOSCOW (MRC) -- LANXESS’ ion exchange resins and iron oxide adsorbers are used in numerous industries and applications to purify water and other liquid media effectively, said the company.

Specialty chemicals company LANXESS will globally increase its basic prices for all Lewatit ion exchange resins and Bayoxide iron oxide adsorbers for water treatment applications by approximately 10 percent. The price increase will be valid for all new orders placed starting July 1, 2022.

Recently, the company announced the introduction of a monthly variable surcharge, to compensate the extraordinary cost increases in raw materials, energy and transportation. The monthly variable adder will be maintained and will be adjusted based on the most relevant input costs on a monthly basis. Customers will be contacted individually.

The LANXESS Liquid Purification Technologies business unit is one of the world’s leading global solution providers for water treatment and liquid purification. Ion exchange resins and iron oxide adsorbers are used in numerous industries and applications to purify water and other liquid media effectively.

As per MRC, LANXESS said it was suspending its business activities in Russia due to the war in Ukraine. Thus, the company had “suspended business activities with Russian customers as far as contractually possible until further notice” and had suspended all investments in Russia. Its sales in Russia and Ukraine made up less than 1% of its global sales, it said.

LANXESS is a leading specialty chemicals company with about 19,200 employees in 25 countries. The company is currently represented at 74 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of chemical intermediates, additives, specialty chemicals and plastics. Through Arlanxeo, the joint venture with Saudi Aramco, Lanxess is also a leading supplier of synthetic rubber.
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Polynt to expand coating resin capacity in North America

Polynt to expand coating resin capacity in North America
MOSCOW (MRC) -- The Polynt Group announces its decision to expand coating resin production capacity to serve the North American Coatings Market, said the company.

This expansion will be fully effective by 2023 and will meet the growing needs of the paint and coatings industry with alkyd, polyester, copolymer, emulsion, and urethane resin technologies. This investment will allow Polynt to meet growing customer demand for additional capacity and expanded regional availability throughout North America. Additionally, this expansion shows Polynt commitment to our customers operating in a constrained coatings resin marketplace.

Polynt offers one of the most comprehensive ranges of resin technology in the coatings industry from traditional alkyds, polyesters, polyurethanes, epoxies, and acrylics to more cutting-edge technologies such as alkyd emulsions and water-borne oil modified urethanes. Polynt has been a pioneer in creating innovative solutions to help coatings formulators meet their customers’ most demanding applications. Whether developing the latest in high-performance protective coatings or low-VOC architectural paints, formulators can look to Polynt for leading edge innovations to meet the variety of markets in the coatings industry.

As it was written earlier, Polynt Group employees, together with the Company, made a charitable donation to the “Amici del MoyaMoya ONLUS” association to help both the reception of Ukrainian children and women fleeing the war (Matrioska Association) and the transport of essential goods to the boarder regions. In addition, Polynt Composites Poland Sp. z o.o. made a further donation to the “Aiutiamoli a Vivere” association to help Ukrainian children.

We remind, Black Diamond Capital Management, L.L.C. has announced that Speciality Chemicals International Limited has agreed to repurchase Investindustrial’s shares in the of Polynt-Reichhold Group and following the completion of the transaction, Black Diamond will become the Group’s controlling shareholder.

Polynt Group is a global leader in composite materials, intermediate chemicals, coating resins, thermosetting composites, gel coats, and niche chemical specialties. Polynt Group has over 3,100 employees in 35 manufacturing operations throughout North and South America, Europe, and Asia.
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Arkema finalizes the acquisition of Permoseal in South Africa

Arkema finalizes the acquisition of Permoseal in South Africa

MOSCOW (MRC) -- Arkema has completed the previously announced acquisition of South Africa-based adhesive solutions company Permoseal, said the company.

Permoseal is focused on adhesive solutions for the DIY, packaging and construction sectors. The company, with sales of €43m in 2021, has two plants in South Africa. Arkema said the acquisition would complement its Bostik adhesives business in South Africa’s and Sub-Saharan Africa’s industrial, construction and DIY markets. The acquisition price was not disclosed.

We remind, Arkema announces the launch of TIPPOX 2028 stabilizer, the optimized stabilizer solution for the growing base of customers in PMMA production around the globe. TIPPOX 2028 stabilizer offers a new approach to traditionally utilized methods of handling thermal degradation. TIPPOX 2028 stabilizer saves customers on operational costs by enabling higher processing temperature and higher throughput, while reducing defects and VOCs.

Arkema is one of the world's leading chemical manufacturers headquartered in Colombes (near Paris, France). Founded in 2004 as a result of the restructuring of the French oil company Total, Arkema, with a turnover of EUR6.5 billion, has operations in 40 countries, 10 research centers around the world, and 85 plants in Europe, North America and Asia.
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