- Email: [email protected]
Black to sell for Glitterex
F O C US operations. One of Toyo Pigments’ first moves will be investing to expand masterbatch production at Shanghai Toyo Plastic Colorants under a programme that is due to be completed in mid-2003. Japan Chemical Week, 27 Jun 2002, 43 (2177), 11 & Farbe und Lack, Jul 2002, 108 (7), 85 (in German)
Japan: Merck – pearlescents Merck is planning to open its second line for the production of Xirallic pigments at Onahama in August 2002. This will bring total capacity for Xirallic pigments here to 200 tonnes/y. Xirallic pigments are alumina-based pearlescent pigments, available in red, silver, gold and copper colours, destined for use mainly in automotive paints. Japan Chemical Week, 20 Jun 2002, 43 (2176), 3-5
O N
PIGMENTS
COMPANIES Black to sell for Glitterex S Black Ltd has been appointed as sales agent for the UK and Eire in respect of the full range of coloured, iridescent and holographic glitters produced by Glitterex Corp (of New Jersey, US). The glitters are free from residual monomers and will be sold mainly to cosmetics manufacturers. NutraCos, 30 Apr 2002, 1 (2), 42
Blagden to sell for Création Couleurs Blagden Speciality Chemicals Ltd has been appointed as the UK sales agent for Création Couleurs in respect of its range of its skincare products and colour cosmetics, including conditioners, glitters, emollients, and surface-treated pigments.
Corp (a subsidiary of RPM Inc) acquired the US fluorescent pigments business of Sun Chemical (part of the Dainippon Ink & Chemicals group). Prior to this, Sun Chemical was the third largest fluorescent pigments supplier to the US market, behind Day-Glo and Radiant Color. The acquisition consolidates Day-Glo’s position as the leading supplier. The sale includes a manufacturing unit at Skokie, IL and marketing rights to the SunBrite product range and brandname. The value of the transaction was not disclosed. Sun will toll manufacture the SunBrite pigments for Day-Glo at Skokie through to the end of December 2002. Day-Glo will begin transferring production of these pigments to its own plant in August 2002. Plastics News, 3 Jul 2002 (Website: http://www.plasticsnews.com) & Chemical Week, 17 Jul 2002, 164 (28), 30
NutraCos, 30 Apr 2002, 1 (2), 42
Mexico: DESC – carbon black & natural pigments In a profile of DESC, ‘CW’ notes that the company is a joint venture partner with Cabot operating the only carbon black plant in Mexico. The plant, located at Altamira, has a capacity of 120,000 tonnes/y and it has been running flat out in recent months, despite reports of sluggish demand from domestic tyre manufacturers. Some of the carbon black from Altamira is used captively; DESC runs synthetic rubber facilities, with a total capacity of 220,000 tonnes/y. Until recently, DESC also ran a natural pigments operation, generating $28 M in annual sales revenue, but the company has now quit this business. In addition to carbon black and synthetic rubber, DESC produces polystyrene, phosphate derivatives, automotive components and consumer products. The Senderos family control 51% of the company’s voting shares and they own a 45% stake of the equity. A further 16% is owned by pension funds and other financial investors. 39% of DESC’s shares are traded on the New York and Mexico City Stock Exchanges. In 2001, DESC reported operating income of $50 M on sales of $721 M. Chemical Week, 19 Jun 2002, 164 (25), 71-72
6
Ciba & GE Plastics increase control of their Indian subsidiaries The Ministry for Commerce & Industry within the All-Union Indian Government recently gave clearance to 36 proposals for foreign direct investment (FDI), entailing in total a cash inflow into the country of Rup 2.45 bn (equivalent to about $51 M). Included among these FDI approvals were proposals by Ciba Speciality Chemicals (of Switzerland) and GE Plastics (of Mauritius). Ciba is offering Rup 110 per share to increase its stake in Ciba Speciality Chemicals India (based in Goa) from 40% to 89%; this represents an investment of Rup 715.8 M. The increased shareholding will make it attractive for Ciba to expand its production of dyes, pigments and optical brighteners in India. GE Plastics will spend Rup 250 M to increase its stake in its Indian business from 50% to 100%. The company is going to set up a compounding line for engineering plastics, including coloured resins. The Hindu, 15 Jun 2002, 125 (142), 16 & Express Pharma Pulse, 18 Apr 2002, 8 (22), 6
Day-Glo buys Sun’s US fluorescent pigments business Effective 1 July 2002, Day-Glo Color
DuPont’s White Pigments & Mineral Products renamed Titanium Technologies As from end-December 2001, DuPont adopted a new reporting structure. The previous structure, which had only been operative for three years, was designed to give greater transparency and to facilitate analysis of the group’s many business activities. The new structure seems to reintroduce a measure of opacity, certainly insofar as determining the performance of DuPont’s pigment business. Following the sale of its colour pigments business about ten years ago, DuPont’s pigments business essentially consists of TiO2 pigments. DuPont is the world’s largest TiO2 pigment supplier, operating three plants in the US, one in Mexico and one in Taiwan. A significant proportion of the feedstock requirements for its US plants comes from a captive mineral sands operation in Florida, which also generates some byproduct zircon and staurolite. Management of the TiO2 pigments business and the related mineral sands business had traditionally been the responsibility of DuPont’s White Pigments & Mineral Products (WP & MP) business unit. In recent years, the unit’s annual sales revenues have been of the order of $1.5-2 bn. Prior
JULY 2002
Japan: Merck – pearlescents Merck is planning to open its second line for the production of Xirallic pigments at Onahama in August 2002. This will bring total capacity for Xirallic pigments here to 200 tonnes/y. Xirallic pigments are alumina-based pearlescent pigments, available in red, silver, gold and copper colours, destined for use mainly in automotive paints. Japan Chemical Week, 20 Jun 2002, 43 (2176), 3-5
O N
PIGMENTS
COMPANIES Black to sell for Glitterex S Black Ltd has been appointed as sales agent for the UK and Eire in respect of the full range of coloured, iridescent and holographic glitters produced by Glitterex Corp (of New Jersey, US). The glitters are free from residual monomers and will be sold mainly to cosmetics manufacturers. NutraCos, 30 Apr 2002, 1 (2), 42
Blagden to sell for Création Couleurs Blagden Speciality Chemicals Ltd has been appointed as the UK sales agent for Création Couleurs in respect of its range of its skincare products and colour cosmetics, including conditioners, glitters, emollients, and surface-treated pigments.
Corp (a subsidiary of RPM Inc) acquired the US fluorescent pigments business of Sun Chemical (part of the Dainippon Ink & Chemicals group). Prior to this, Sun Chemical was the third largest fluorescent pigments supplier to the US market, behind Day-Glo and Radiant Color. The acquisition consolidates Day-Glo’s position as the leading supplier. The sale includes a manufacturing unit at Skokie, IL and marketing rights to the SunBrite product range and brandname. The value of the transaction was not disclosed. Sun will toll manufacture the SunBrite pigments for Day-Glo at Skokie through to the end of December 2002. Day-Glo will begin transferring production of these pigments to its own plant in August 2002. Plastics News, 3 Jul 2002 (Website: http://www.plasticsnews.com) & Chemical Week, 17 Jul 2002, 164 (28), 30
NutraCos, 30 Apr 2002, 1 (2), 42
Mexico: DESC – carbon black & natural pigments In a profile of DESC, ‘CW’ notes that the company is a joint venture partner with Cabot operating the only carbon black plant in Mexico. The plant, located at Altamira, has a capacity of 120,000 tonnes/y and it has been running flat out in recent months, despite reports of sluggish demand from domestic tyre manufacturers. Some of the carbon black from Altamira is used captively; DESC runs synthetic rubber facilities, with a total capacity of 220,000 tonnes/y. Until recently, DESC also ran a natural pigments operation, generating $28 M in annual sales revenue, but the company has now quit this business. In addition to carbon black and synthetic rubber, DESC produces polystyrene, phosphate derivatives, automotive components and consumer products. The Senderos family control 51% of the company’s voting shares and they own a 45% stake of the equity. A further 16% is owned by pension funds and other financial investors. 39% of DESC’s shares are traded on the New York and Mexico City Stock Exchanges. In 2001, DESC reported operating income of $50 M on sales of $721 M. Chemical Week, 19 Jun 2002, 164 (25), 71-72
6
Ciba & GE Plastics increase control of their Indian subsidiaries The Ministry for Commerce & Industry within the All-Union Indian Government recently gave clearance to 36 proposals for foreign direct investment (FDI), entailing in total a cash inflow into the country of Rup 2.45 bn (equivalent to about $51 M). Included among these FDI approvals were proposals by Ciba Speciality Chemicals (of Switzerland) and GE Plastics (of Mauritius). Ciba is offering Rup 110 per share to increase its stake in Ciba Speciality Chemicals India (based in Goa) from 40% to 89%; this represents an investment of Rup 715.8 M. The increased shareholding will make it attractive for Ciba to expand its production of dyes, pigments and optical brighteners in India. GE Plastics will spend Rup 250 M to increase its stake in its Indian business from 50% to 100%. The company is going to set up a compounding line for engineering plastics, including coloured resins. The Hindu, 15 Jun 2002, 125 (142), 16 & Express Pharma Pulse, 18 Apr 2002, 8 (22), 6
Day-Glo buys Sun’s US fluorescent pigments business Effective 1 July 2002, Day-Glo Color
DuPont’s White Pigments & Mineral Products renamed Titanium Technologies As from end-December 2001, DuPont adopted a new reporting structure. The previous structure, which had only been operative for three years, was designed to give greater transparency and to facilitate analysis of the group’s many business activities. The new structure seems to reintroduce a measure of opacity, certainly insofar as determining the performance of DuPont’s pigment business. Following the sale of its colour pigments business about ten years ago, DuPont’s pigments business essentially consists of TiO2 pigments. DuPont is the world’s largest TiO2 pigment supplier, operating three plants in the US, one in Mexico and one in Taiwan. A significant proportion of the feedstock requirements for its US plants comes from a captive mineral sands operation in Florida, which also generates some byproduct zircon and staurolite. Management of the TiO2 pigments business and the related mineral sands business had traditionally been the responsibility of DuPont’s White Pigments & Mineral Products (WP & MP) business unit. In recent years, the unit’s annual sales revenues have been of the order of $1.5-2 bn. Prior
JULY 2002