Thursday, June 25, 2026
spot_img
Modern Plastics TV
Home Blog Page 254

ICMA San Giorgio at K Show 2022

modernplasticschina
-
0
ICMA San Giorgio at K Show 2022

ICMA San Giorgio at K Show 2022

ICMA will attend the show with the green space for Advanced Mechanical Recycling and the orange space for its Compounding plants and Extruders.

In the green space ICMA will present:

  • The innovative “one-step” up-cycling line for flexible packaging in its latest patented version where one co-rotating extruder can produce, at the highest productivity level, top quality recycled compounds with the best energy saving performances and with a minimal and easy-to-manage lay-out.
  • New technics and solutions applied to ICMA’s established compounding/upcycling systems, like stripping, optimal design simulation and integration of devices, to maximize quality outcome even from the most challenging waste.
  • The latest track record of turnkey lines, also for direct extrusion/recycling (e.g.,Ecosheet technology), where ICMA’s technology and execution expertise is well proven by facts.

In the orange space focus we will be on:

  • Advanced compounding & direct extrusion in dynamic areas like engineering compound,TPE, HFFR, Green Polymer and other materials tied to megatrends.
  • Latest lines installed, with embedded innovations, for Biopolymer, watersolubel and natural fiber compounds.

Finally, we are excited to invite and welcome in our innovation center, the many European start-ups and early-stage ventures that need industrial compounding or extrusion lines to develop new products and formulation and achieve the deserved success.

 

#modernplasticsindia #plasticmagazine #indianmagazine #indianplasticmagazine #modernplasticsaward #ginujoseph #modernplastic #plasticindia #plasticnews #plasticrecycling

Matthews International Acquires Olbrich Gmbh and R+S Automotive Gmbh, Extends Engineering Capabilities for Energy

modernplasticschina
-
0
Matthews International Acquires Olbrich Gmbh and R+S Automotive Gmbh, Extends Engineering Capabilities for Energy

Matthews International Acquires Olbrich Gmbh and R+S Automotive Gmbh, Extends Engineering Capabilities for Energy

Matthews International Corporation (NASDAQ GSM: MATW) announced today that the Company has closed on the previously-announced acquisitions of German based engineering firms, Olbrich GmbH (“OLBRICH”) and R+S Automotive GmbH (“R+S Automotive”),for EUR €43 million (approximately U.S. $45 million).

Headquartered in Bocholt, Germany, Olbrich is a production and intelligent equipment manufacturer, specializing in purpose-built rotary processing equipment, including equipment used in the manufacturing of dry and wet electrodes for lithium-ion batteries uses in electric vehicles and components for hydrogen fuel cells and electrolyzers, with additional strong positions in Specialty & Pharma, Packaging and Home & Décor. R+S Automotive is a specialty engineering services provider of automation, plant and tooling concepts for automotive manufacturing companies around the world. The Company plans to integrate Olbrich and R+S Automotive with its Saueressig Engineering and Energy business, part of its Industrial  Technologies segment focused on high-precision engineering for a broad range of industrial automation applications including high-tech custom energy solutions, surfaces, marking, and coding systems.

Joseph C. Bartolacci, President and Chief Executive Officer of Matthews International, stated, “We are extremely excited to acquire Olbrich and R+S Automotive as part of our long-term strategy to offer an extended portfolio of purpose-built engineered equipment and services for the burgeoning electric vehicle and broader green energy market. Our combined capabilities offer innovative solutions to accelerate development of an end-to-end solution for dry-electrode battery production and other energy solutions.Together, our offering will have significant impact on the mass market adoption of electric vehicles and benefit the entire energy solutions industry. This strategic acquisition continues our investment in technologies and accelerates commercializing new innovations across multiple industrial automation applications.”

“Matthews is the right partner for our future,” said Bastian Kuhl, CEO of Olbrich and R+S Automotive.“Olbrich, like Matthews, is making great strides in helping to scale up the manufacturing of hydrogen fuel cell components. With Olbrich’s recent order for a mass production line for gas diffusion layers (GDL), and Matthews’ strength in the field of bipolar plates, our combined portfolio is well positioned to create a market force not only as a supplier to OEMs but also as a key production partner across Energy, Specialty & Pharma, Packaging and Home Décor.”

With the acquisition of Olbrich and R+S Automotive, Matthews International expands its global presence and solidifies itself as a key player in the energy solutions sector.

About Matthews International Corporation

Matthews International Corporation is a global provider of industrial technologies, memorialization products and brand solutions. The Industrial Technologies segment designs, manufactures, services and distributeshigh-tech custom energy storage, marking, coding and industrial automation technologies and solutions.The Memorialization segment is a leading provider of memorialization products, including memorials,caskets and cremation and incineration equipment, primarily to cemetery and funeral home customers thathelp families move from grief to remembrance. The SGK Brand Solutions segment is a leading provider of packaging solutions and brand experiences, helping companies simplify their marketing, amplify their brands and provide value. The Company has approximately 11,000 employees in more than 26 countries on six continents that are committed to delivering the highest quality products and services.

About Saueressig Group

Saueressig Group brings together the business units packaging, elastomers, surfaces, engineering, rollers and e.GEN under a common umbrella brand. As a leading international supplier along the pre-press stage as well as of rotary tools for gravure and flexographic printing processes, embossing rollers and cutting and creasing tools, Saueressig Group offers a comprehensive expertise. Saueressig works on forward-looking research projects and invests in the development of intelligent workflows and digital solutions. As an innovator for special machine construction in the field of future oriented battery and energy storage technology, individual solutions are developed for pioneers of tomorrow. Brand manufacturer, printers and converters as well as renowned manufacturers of modern energy storage technologies benefit  from solution-oriented innovations, decades of experience and maximum flexibility. Within currently 13 production sites Saueressig Group has a strong global network. Worldwide presence enables an optimal development, implementation and support of international projects at any time.

Saueressig Group is part of Matthews International Corporation (NASDAQ GSM: MATW). For more information please visit: www.saueressig.com

About Olbrich

Olbrich GmbH was founded in 1949 and together with its brand Polytype Converting, the machine builder has today become one of the world’s leading companies in the field of production machinery and equipment for the manufacture of web-shaped products. Battery foils, labels, release materials, sustainable paper and packaging materials as well as wallcoverings, floorcoverings, adhesive tapes and technical textiles are exemplary products manufactured on the lines. Olbrich has a full value chain including engineering and manufacturing as well as state-of-the-art technical centers in Bocholt (DE) and Fribourg (CH). Today, Olbrich has approximately 450 employees. Olbrich is headquartered in Bocholt (DE) and has additional locations in Hamburg (DE), Fribourg (CH) and Jiangyin City (CN).

About R+S Automotive

R+S Automotive GmbH is an important manufacturer of machines and tools for the production of interior and exterior components for the automotive industry, such as door panels, dashboards or rear shelves.R+S Automotive has a fully integrated value chain including engineering and production as well as a technical center on an area of 1,100 sqm designed to support comprehensive technical services and customer-oriented development. Today, R+S Automotive has approximately 350 employees. R+S Automotive is headquartered in Bocholt (DE) and has additional subsidiaries in Holoubkov (CZ), Jiangyin (CN), and Comstock Park, MI (USA).

 

#modernplasticsindia #plasticmagazine #indianmagazine #indianplasticmagazine #modernplasticsaward #ginujoseph #modernplastic #plasticindia #plasticnews #plasticrecycling

Taipeiplas 2022’s Forum Opens for Registration

modernplasticschina
-
0
Taipeiplas 2022’s Forum Opens for Registration

Taipeiplas 2022’s Forum Opens for Registration

A “Sustainability Forum: Plastics in a Circular Economy” will be highlighted on September 28, the second day of the Taipei International Plastics & Rubber Industry Show, better known as TaipeiPLAS. The biennial trade show is Taiwan’s largest plastics and rubber machinery event of the industry, a time for companies and manufacturers to display their latest and greatest ideas at Taipei Nangang Exhibition Center, Hall 1, September 27 – October 1, 2022.

The forum will present a special exhibit area about "plastic and rubber sustainable development" at the entrance on the first floor of the venue. With innovative technologies and practical cases, it will be showcasing a circular model to extend the life cycle of a product value chain, which visualizes the meaning and spirit of circular economy, in a hope to enlighten participants in the forum and trade show attendees.

A number of heavyweight lecturers are invited. Lecturers for its morning session: "Zero-Carbon Future – Smart Manufacturing for Green Production" include Aditya Ramkrishna, President of Siemens Taiwan; Larry Wei, Chairman of Fong Kee, and Alan Wang, CEO of FCS Group. They will talk about the digital transformation of the machinery industry and the trend of carbon reduction.

For its afternoon, "Sustainability Vision – New Generation Plastic and Rubber Materials,"lecturers are BASF Taiwan, LCY Chemical, Far Eastern New Century, and ZwickRoell. Added to that, Yao-Kuei Hsiao, President of Plastics Industry Development Center will also join the Forum to convey his insights on how the plastics and rubber industry can seek ESG transformation all the way from materials to production.

This year’s forum will be conducted in a hybrid format, providing opportunities for speakers and attendees to communicate face-to-face, while an online English live broadcast will be offered for overseas attendees to watch. It will be held on September 28 from 10 am to4:30 pm in Conference Room 401 of Taipei Nangang Exhibition Center, Hall 1. The registration is now available at https://sustainabilityforum.com.tw/en .

On the other hand, the pre-registration for both the Taipei PLAS and the concurrent ShoeTech Taipei has also been launched. Industry professionals are encouraged to pre-register at the official website www.taipeiplas.com.tw.

 

 

#modernplasticsindia #plasticmagazine #indianmagazine #indianplasticmagazine #modernplasticsaward #ginujoseph #modernplastic #plasticindia #plasticnews #plasticrecycling

Covestro Invests in the Production of More Sustainable Polycarbonates in Asia Pacific

modernplasticschina
-
0
Covestro Invests in the Production of More Sustainable Polycarbonates in Asia Pacific

Covestro Invests in the Production of More Sustainable Polycarbonates in Asia Pacific

  • Capability to deliver over 60,000 tons per year of recycled polycarbonates annually by 2026 in region amid strong demand
  • Groundbreaking on company’s first dedicated mechanical recycling production line in Shanghai
  • Repurposing of an existing production line in Thailand

Recycling plastic waste through mechanical processes such as sorting, grinding, re-granulating and compounding is an essential part of the circular economy. Covestro has now announced plans to set up its first dedicated line for the mechanical recycling (MCR) of polycarbonates at its integrated site in Shanghai. The new MCR line will address the growing demand for more sustainable solutions, in particular with Post-Consumer-Recycled (PCR) products, to be used primarily for the compounding step in the manufacture of electrical and electronic products, automotive applications, and consumer goods.

The line, which represents an investment of more than EUR 27 million, will be capable of delivering more than 25,000 tons of high-quality polycarbonates and blends containing mechanically recycled content annually when it is planned to be commissioned in 2023. Overall, the company aims to be capable to deliver more than 60,000 tons of polycarbonates with recycled content in Asia Pacific per year until 2026.

“The MCR production line is another exciting step we have taken to fulfill our commitment toward a circular economy and achieve our goal to become operational climate neutral by 2035,” said Sucheta Govil, Chief Commercial Officer of Covestro. “Recycling plastic waste is absolutely essential to the circular economy, and addresses one of the major global challenges we face together as a society. We will continue to invest in expanding and improving our capacity for recycled plastics, and leading the industry to create materials with higher recycled content.”

“To meet the rapid growth in demand for more sustainable and circular solutions from our downstream customers, we will continue to invest in expanding our capabilities,” said Lily Wang, Head of Covestro’s Engineering Plastics segment, at the groundbreaking event. “This MCR production line is the latest example of our efforts in this regard and signals our commitment to driving the transition to more sustainable products in this region, especially in China.”

Repurposing a compounding facility in Thailand for the ASEAN market

Covestro will also be repurposing an existing compounding line at its Map Ta Phut site in Thailand to a plant for mechanical recycling. The conversion of the plant is scheduled to be accomplished by the end of 2022 and continue to pave the way and meet market demand for polycarbonates from post-consumer recycled (PCR) content across multiple industries in the ASEAN region. Based on the current forecast, the unit will supply up to 10 percent PCR based product of its annual production volume by 2030.

Dr. Nicolas Stoeckel, Head of Operations in the Engineering Plastics segment, said: “The new developments in China and Thailand are not only about investing in capacity increase, but also about improving our capability to produce more products with higher recycled content and more consistent quality. These developments will further strengthen Asia’s reputation as the world’s leading producer of polycarbonate PCR grades.”

The two facilities in Shanghai and Map Ta Phut will boost Covestro’s output of PCR polycarbonates Makrolon R and Bayblend R, which contain up to 75 percent recycled content and can contribute to a carbon footprint reduction of up to 50 percent while meeting performance and eco-labels’ requirements.

 

 

#modernplasticsindia #plasticmagazine #indianmagazine #indianplasticmagazine #modernplasticsaward #ginujoseph #modernplastic #plasticindia #plasticnews #plasticrecycling

TPE: the Trusted Material for Medical Diagnostic Equipment

modernplasticschina
-
0
TPE: the Trusted Material for Medical Diagnostic Equipment

TPE: the Trusted Material for Medical Diagnostic Equipment

Kraiburg TPE’s thermolast H TPE HC/AP series enhances design and functionality of medical diagnostic equipment.

Medical diagnostic equipment features a variety of diagnostic tools and equipment for accurate testing, tracking, measurements, and evaluations. These include ophthalmoscopes, electrocardiographs, thermometers, digital sphygmomanometers, dopplers, ultrasonography, echocardiography, and other instruments used by clinicians to screen and accurately assess a patient’s health.
Discover More

Sustainability successes of our TPE

Besides the materials for medical diagnostic equipment applications, KRAIBURG TPE’s recent sustainability innovations include a specially developed material solution for automotive, consumer, and industry applications comprising post-consumer recycled (PCR) and post-industrial recycled (PIR) content.

Are you looking for a sustainable TPE solution? Our experts are happy to answer any questions you have, as well as to offer the right solution for your application.

 

#modernplasticsindia #plasticmagazine #indianmagazine #indianplasticmagazine #modernplasticsaward #ginujoseph #modernplastic #plasticindia #plasticnews #plasticrecycling

WM to Acquire Controlling Interest in Avangard Innovative’s U.S. Business

modernplasticschina
-
0
WM to Acquire Controlling Interest in Avangard Innovative’s U.S. Business

WM to Acquire Controlling Interest in Avangard Innovative’s U.S. Business

WM announced that it has agreed to acquire a controlling interest in Avangard Innovative’s U.S. business, which will operate as Natura PCR – an independent company expected to scale and grow recycling capacity to produce an estimated 400 million pounds per year of post-consumer resin (PCR) in five years. Through Natura PCR, WM expects to deliver new recycling capabilities for its customers and provide circular solutions for films and clear plastic wrap used commercially, such as plastic stretch wrap for pallets, furniture film, grocery bags and potentially shrink wrap around food and beverage containers.

“WM’s controlling interest in Natura PCR positions us to grow and scale rapidly in the emerging PCR space,” said Jim Fish, president and CEO, WM. “WM’s core material supply capabilities, with the head start and knowledge provided by Avangard’s U.S. business, will help Natura PCR quickly deliver circular options to WM’s customers as an important component of our continued growth strategy in recycling. Today, there is so much untapped potential to reuse film – which impacts many of our commercial customers. We can help our customers close the loop and bring more recycled materials to the store shelf.”

Leading materials science company, Dow (NYSE: DOW) has been working with WM to help increase the recycling rate of plastics and create sustainable solutions in packaging, infrastructure and consumer applications. Dow has also been working with Avangard Innovative since early 2020, purchasing the company’s PCR pellets to produce REVOLOOP™, Dow’s product line with PCR content.

“We have been working with both companies to increase the use of recycled plastic in Dow’s products, and Natura PCR brings together capabilities that will unlock more options for hard-to-recycle plastics for the industry,” said Nestor de Mattos, North America commercial vice president, Packaging & Specialty Plastics, Dow. “Natura PCR further expands at scale, waste-to-market solutions across North America and advances our goal to help divert plastics from landfills to circular solutions.”

Natura PCR will focus on the mechanical recycling of film and flexible plastics – some of the most complex plastics in the recycling stream today – and converts these materials to PCR that can be used to manufacture new products replacing virgin materials. These streams make up almost a quarter of today’s plastic generation, but only about 5 percent is recycled today.

Demand for PCR is expected to grow in response to consumer-packaged goods companies’ commitments to use recycled content and pressures from consumers and regulators to increase the PCR content in the packaging materials the companies manufacture. WM has demonstrated a track record of collecting materials from commercial streams for the feedstock needed to produce PCR content and expects its materials sourcing expertise will enable the increased volume of PCR pellets that Natura PCR can produce for use in new products.

“This transaction helps the business quickly scale operations, maximize source feedstock and meet the continued rise in demand for environmental additives, such as recycled plastic resin,” said Rick Perez, CEO, Avangard Innovative. “After 30 years in the recycling business, WM’s significant involvement, coupled with the strong relationship with Dow and other customers, will set Natura PCR up to offer the most innovative end-to-end circular economy solution in the market.”

Natura PCR plans to grow recycling capabilities at Avangard’s existing plant in Waller, Texas, and build new plant capacity in the Midwest. Natura PCR will be primarily owned and controlled by WM. Avangard and affiliated entities will hold a collective minority equity position in Natura PCR. WM expects to receive investment returns comparable to its previously announced automation investments in single-stream recycling. The transaction is expected to close in late 2022, subject to the satisfaction of customary closing conditions, including regulatory approvals.

 

#modernplasticsindia #plasticmagazine #indianmagazine #indianplasticmagazine #modernplasticsaward #ginujoseph #modernplastic #plasticindia #plasticnews #plasticrecycling

 

 

Researchers Develop Plastic Film That Can Kill Viruses Using Room Lights

modernplasticschina
-
0
Researchers Develop Plastic Film That Can Kill Viruses Using Room Lights

Researchers Develop Plastic Film That Can Kill Viruses Using Room Lights

The self-sterilising film is the first of its kind – it is low cost to produce, can be readily scaled and could be used for disposable aprons, tablecloths, and curtains in hospitals.

It is coated with a thin layer of particles that absorb UV light and produce reactive oxygen species – ROS. These kill viruses, including SARS2.

The technology used to create the film also ensures it is degradable – unlike the current disposable plastic films it would replace, which is much more environmentally friendly.

The breakthrough could lead to a significant reduction in the transmission of viruses in healthcare environments but also in other settings that uses plastic films – for example, food production factories.

The Queen’s researchers tested the film for anti-viral activity using four different viruses – two strains of influenza A virus, a highly-stable picornavirus called EMCV and SARS2 – exposing it to either UVA radiation or with light from a cool white light fluorescent lamp.

They found that the film is effective at killing all of the viruses – even in a room lit with just white fluorescent tubes.

The research was carried out by Professor Andrew Mills, Dr Ri Han and Dr Christopher O’Rourke in the School of Chemistry and Chemical Engineering at Queen’s University Belfast and Dr Connor Bamford and Dr Jonathon D. Coey at the Wellcome-Wolfson Institute for Experimental Medicine in the School of Medicine, Dentistry and Biomedical Sciences at Queen’s.

Professor Andrew Mills comments: “This film could replace many of the disposable plastic films used in the healthcare industry as it has the added value of being self-sterilising at no real extra cost. Through rigorous testing we have found that it is effective at killing viruses with just room light – this is the first time that anything like this has been developed and we hope that it will be a huge benefit to society.”

Dr Connor Bamford says: “Pathogenic viruses like SARS2 and influenza will continue to be global problem for years to come. In developing self-sterilising thin plastic films, we have created a low-cost technology that could have a significant impact on the transmission of such concerning viruses in a healthcare environment and other sectors where they are used.”

The project was funded by the Engineering and Physical Research Council, which is part of UK Research and Innovation.

EPSRC Director for Cross Council Programmes, Dr Kedar Pandya, comments: “This is a hugely exciting development which has the potential to dramatically reduce the transmission of viruses across a wide range of settings while being environmentally sustainable.

“It is an excellent example of adventurous, innovative research which has the potential to improve the lives of millions of people.”

 

#modernplasticsindia #plasticmagazine #indianmagazine #indianplasticmagazine #modernplasticsaward #ginujoseph #modernplastic #plasticindia #plasticnews #plasticrecycling

Belden Bridges IT-OT Divide With a Next-gen Edge Gateway Device

modernplasticschina
-
0
Belden Bridges IT-OT Divide With a Next-gen Edge Gateway Device

Belden Bridges IT-OT Divide With a Next-gen Edge Gateway Device

OpEdge-8D is a Revolution in Operational Edge Computing

Venlo, The Netherlands  Belden, a leading global supplier of specialty networking solutions, introduced the OpEdge-8D device from Hirschmann to further advance Industrial Internet of Things (IIoT) connectivity in large, complex industrial networks with edge computing to put operational data to better use.

The powerful new OpEdge-8D meets the fast-growing need for a seamless, secure and reliable way to connect operational systems with information systems. The advanced solution gives organizations a new way to run applications that manage and analyze large amounts of data and create actionable insights that can optimize production processes and improve efficiency.

OpEdge-8D is uniquely designed to:

  • Deploy applications (containers and virtual machines) at the network edge to leverage insights in the field that provide a value to the business, such as for operational efficiency and predictive maintenance.
  • Simplify application deployment across edge devices, no matter the quantity or location, to enable scalability and drive productivity with Belden Horizon console.
  • Ensure a protected link to the cloud with its secure remote access capability.

“As the number of connected devices increases, driven by the IIoT, many organizations struggle with a way to leverage massive volumes of data for smarter, more effective management of operational processes,” said Jeremy Friedmar, senior product manager, Edge Solutions at Belden. “The OpEdge-8D leverages the latest IT technologies to streamline the process of bringing local operational data to where it can be integrated quickly in a variety of applications that will produce insights that ultimately improve efficiency, maximize uptime and enable continuous process improvement.”

Suitable for any industrial setting, the OpEdge-8D is ideal for manufacturing, energy and transportation companies looking to unite IT and OT data – from the sensor to the cloud.

For more information on the new OpEdge-8D, please visit www.belden.com/products/industrial-networking-cybersecurity/edge-devices/opedge-8d.

 

 

#modernplasticsindia #plasticmagazine #indianmagazine #indianplasticmagazine #modernplasticsaward #ginujoseph #modernplastic #plasticindia #plasticnews #plasticrecycling

Ineos Styrolution Introduces New Product Portfolio for Polymer Modification

modernplasticschina
-
0
Ineos Styrolution Introduces New Product Portfolio for Polymer Modification

Ineos Styrolution Introduces New Product Portfolio for Polymer Modification

  • Well-balanced portfolio of new styrenics powder grades
  • Dedicated distribution channel

INEOS Styrolution, the global leader in styrenics, has announced today the introduction of an all-new product portfolio dedicated to polymer modification. The new product lines are addressing the need of compounders and extruders to enhance the properties of polymers and allow for improved processing. Smaller volumes of the new products are available via focused and very experienced distribution partners.

INEOS Styrolution’s new modifier line is the result of intensive testing with a range of customers and partners over the past years. The result is a thorough set of new powder grades that not only modify selected product properties to allow for new application designs.

Certain modifiers also allow for improved processing resulting for example in working at lower temperatures and with a lower energy consumption.

Modifications range from enhanced stiffness to superior long-term performance with heat exposure, better color fastness and retention, UV resistance, dimensional stability, impact resistance and more.

The styrenics based modifiers address a wide range of polymers. Compatibility and efficiency vary by polymer and have been tested for polymers including ABS[1], ASA[2], PBT[3], PC[4], PP[5], PE[6], PS[7], PVC[8], SAN[9], SBC[10], TPE[11] and TPU[12].

Agreements have been closed with specialised distribution partners Caldic B.V.[13] and Bjørn Thorsen A/S[14] to bring the new solutions to market also at lower volumes. Experts from INEOS Styrolution and its distribution partners have already started working with customers to identify the best modifier solution for a given challenge.

Dr. Alexander Glück, President Europe at INEOS Styrolution, comments: “Over the years, INEOS Styrolution has developed an extensive know-how with modifiers. All that experience has now resulted in a product portfolio that I think is second to none. The positive response from customers and partners has been very encouraging. With growing demand we are prepared to expand the portfolio further. I am particularly looking forward to the first solutions based on our ECO line of sustainable products.”

Dr. Eike Jahnke, Vice President Specialties EMEA, adds: “For many applications I expect our new modifiers to become a game changer. For example, one benefit of styrenics is its low density. Additional cost is compensated not only by the performance improvement, but also by the lower density of the modifiers in compounds or blends.”

 

#modernplasticsindia #plasticmagazine #indianmagazine #indianplasticmagazine #modernplasticsaward #ginujoseph #modernplastic #plasticindia #plasticnews #plasticrecycling

Archroma to Acquire the Textile Effects Business of Huntsman Corporation

modernplasticschina
-
0
Archroma to Acquire the Textile Effects Business of Huntsman Corporation

Archroma to Acquire the Textile Effects Business of Huntsman Corporation

  • The combined company will continue to lead the textile industry in sustainability, innovation, and performance offering fashion brands, automotive, technical and home textiles the best-in-class cost performance whilst respecting natural resources and the planet

Archroma, a global leader in sustainable specialty chemicals and solutions and a portfolio company of U.S.-based private investment firm SK Capital Partners (“SK Capital”), today announced it has entered into a definitive agreement to acquire the Textile Effects business (“Textile Effects”) from Huntsman Corporation.

Since its formation in 2013, through a series of mergers & acquisitions, as well as internal investments in R&D, manufacturing and service capabilities, Archroma has been building a comprehensive portfolio of solutions to serve the emerging needs of the textile industry. The combination with Textile Effects and its rich historical roots of Huntsman and Ciba Specialties will create a technology powerhouse that will include Archroma’s legacy heritages of Sandoz, Hoechst, Clariant, BASF and Dohmen who have been at the cutting edge of the textile industry for decades, and together will continue to serve customers for years to come.

Both Archroma and Textile Effects are founding members of Sustainable Chemistry for the Textile Industry (SCTI), an alliance of leading chemical companies that strives to empower the textile and leather industries to apply sustainable, state-of-the-art chemistry solutions that protect factory workers, local communities, consumers and the environment.

Both companies have been recognized by the industry and are each recipient of multiple awards for supplying sustainable systems and solutions in dyes and chemicals that enable fashion brands, retailers, and textile manufacturers to create articles that are better for consumers and the planet.

“I am thrilled to see the combination of Huntsman Textile Effects and Archroma”, said Barry Siadat, Co-founder of SK Capital Partners and Chairman of Archroma. “Finally, we have achieved a dream of combining the technologies, products and capabilities of the legacy pioneers of the textile industry, namely Ciba, Sandoz, Hoechst and BASF, into a modern and cohesive enterprise that is focused on delivering innovative and sustainable systems and solutions to serve the evolving needs of today’s textile industry.”

“We at Archroma are so very excited to announce what we see as a merger of equals”, comments Heike van de Kerkhof, CEO of Archroma. “With this agreement, two committed leaders in sustainable and innovative solutions unite to pave the way towards a more sustainable textile industry. We are delighted to welcome a team of highly talented people”, adds Heike van de Kerkhof. “Innovative and transformative leadership is not built overnight, and we are eager to work together with the people who made that happen at Huntsman Textile Effects.”

“The combination of Archroma and Textile Effects is transformational, bringing together two highly complementary organizations with strong cultures of innovation and a shared commitment to inspire advancements in the textile industry. We are excited by what we will be able to achieve together. At a time when we are seeing robust growth trends in sustainability, the merger will position us firmly to accelerate growth and drive significant value for our customers, employees, and stakeholders,” said Rohit Aggarwal, President of Huntsman Textile Effects.

Closing of the transaction is subject to customary conditions and approvals and is expected to take place in the first half of 2023. Citi served as financial advisor to Archroma. Latham & Watkins LLP provided corporate legal advice and Kirkland & Ellis LLP provided financing legal advice to Archroma. BofA Securities served as Huntsman Corporation’s financial advisor and Kirkland & Ellis LLP acted as their legal counsel.

 

#modernplasticsindia #plasticmagazine #indianmagazine #indianplasticmagazine #modernplasticsaward #ginujoseph #modernplastic #plasticindia #plasticnews #plasticrecycling

1...253254255...331Page 254 of 331

EDITOR PICKS

POPULAR POSTS

POPULAR CATEGORY

ABOUT US

This website and all of the contents are property of Chrysolite Media Network Pvt. Ltd. Images, content and any other material may not be copied or reproduced without first obtaining written permission from Chrysolite Media Network Pvt. Ltd.

FOLLOW US

© 2026 - Modern Plastics China. A Part of Modern Plastic Global Network (Germany) All Rights Reserved.

Website Design: Chrysolite Media Network Pvt. Ltd.