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Dyneon expands PTFE compounding business
Industry
New process Eastman Chemical Company is developed a new recycling technology that will economically process many PET bottle containers that cannot be handled by existing recycling systems. The company says that the technology will make recycling PET plastics easier, while simultaneously expanding the market for PET packaging. The depolymerization process is claimed to be able to recycle PET containers regardless of colours, coatings, composites or barrier materials. The process can produce food grade PET using less energy than it takes to produce new virgin polymers. A pilot plant has recently been started at the company’s Kingsport sire in Tennessee, USA. The new process breaks down the plastic into its basic components, separates the unwanted materials and creates a virgin material. The new raw material can be used as virgin
set to boost PET recycling
polymer for containers, film or structured products. “PET is already the most recycled plastic in the world,” says Beat Zueger, director of global
Allied Signal and Honeywell US cornpanics AlliedSignal and Honeywell have signed :I d&nitivc merger agreement rhat will create a global technology company with a turnover of $25 billion and product\ in a wide range of industries. Wirh ‘1 combined market capiralization in excess of $45 billion. the new company will hi, called Honevwell and will have, irs headquarters in Morristown. New jersey, USA. Under- rhe terms of the agrerment. each share of Honevwell common stock will be exchanged for 1.X75 shares of AlliedSignal common ytoc-k. The deal is valued at more than $14 hillion. Lawrence Bocsidy, chairman and chief exe<-urive oftji.txr of
News
to merge
.%lliedSignal, will be the new company‘s chairman until his retirement next year. He will he succeeded by Michael Bonsignore, currently chairman and chief executive offIcet of Honevwrll and who will be the new company’s (chief executive officer lmtil I hen.
‘l‘he companies say that they I:xpect to achieve cost savings of approximately $500 million hy rationalizing overheads, integrating research and development and achieving procurcmerit efficiencies. The comhined company will have a work force of more rhan 120.000 after the integration is i:omplete.
q
recycling for Eastman. “As packaging becomes more innovative, manufacturers and endusers will want to use PET in different ways to differentiate
further their products. Existing schemes, based on mechanical recycling techniques, will find some of these products difflcult to handle. We are developing a solution that enables us to regenerate raw materials from different sources into virgin packaging material with food contact approval.” According to the company, the new technology fully complements current mechanical recycling technology and Eastman expects it to boost the use of PET for consumer packaging. At present, more than 170,000 tonnes of PET is collected in Europe, which represents a 54% increase on 1997. Recycling is currently almost all mechanical in nature and Eastman’s process will complement this. The primary raw material source for this new technology will be packaging made from PET that other systems cannot handle.
Dyneon expands PTFE compounding business Dyneon is to purchase the filled PTFE compounds business of DuPont, based at Kerkrade in the Netherlands. The operation has a European manufacturing site and supplies markets in Europe, the Middle East and Africa. Terms of the deal were not disclosed. Dyneon says that the acquisition includes the manufacturing assets and current technology used to manufacture filled compounds at the Kerkrade facility. It expects that all DuPont employees currently employed in the business will transfer to Dyneon Plastics Additives
“Dyneon values its position as a technology and service leader in compounded PTFE,” said Bob Brillo, president of Dyneon LLC. “This acquisition adds to and diversifies the strong technology base of Dyneon. In addition, it enhances our ability to meet the service needs of a growing market, and positions us globally as a preferred supplier and competitive leader.” The company also emphasized that the purchase demonstrated a strong commitment to the compounded PTFE sector and was a major investment for the future of the company.
& Compounding
August/September
I999
New process Eastman Chemical Company is developed a new recycling technology that will economically process many PET bottle containers that cannot be handled by existing recycling systems. The company says that the technology will make recycling PET plastics easier, while simultaneously expanding the market for PET packaging. The depolymerization process is claimed to be able to recycle PET containers regardless of colours, coatings, composites or barrier materials. The process can produce food grade PET using less energy than it takes to produce new virgin polymers. A pilot plant has recently been started at the company’s Kingsport sire in Tennessee, USA. The new process breaks down the plastic into its basic components, separates the unwanted materials and creates a virgin material. The new raw material can be used as virgin
set to boost PET recycling
polymer for containers, film or structured products. “PET is already the most recycled plastic in the world,” says Beat Zueger, director of global
Allied Signal and Honeywell US cornpanics AlliedSignal and Honeywell have signed :I d&nitivc merger agreement rhat will create a global technology company with a turnover of $25 billion and product\ in a wide range of industries. Wirh ‘1 combined market capiralization in excess of $45 billion. the new company will hi, called Honevwell and will have, irs headquarters in Morristown. New jersey, USA. Under- rhe terms of the agrerment. each share of Honevwell common stock will be exchanged for 1.X75 shares of AlliedSignal common ytoc-k. The deal is valued at more than $14 hillion. Lawrence Bocsidy, chairman and chief exe<-urive oftji.txr of
News
to merge
.%lliedSignal, will be the new company‘s chairman until his retirement next year. He will he succeeded by Michael Bonsignore, currently chairman and chief executive offIcet of Honevwrll and who will be the new company’s (chief executive officer lmtil I hen.
‘l‘he companies say that they I:xpect to achieve cost savings of approximately $500 million hy rationalizing overheads, integrating research and development and achieving procurcmerit efficiencies. The comhined company will have a work force of more rhan 120.000 after the integration is i:omplete.
q
recycling for Eastman. “As packaging becomes more innovative, manufacturers and endusers will want to use PET in different ways to differentiate
further their products. Existing schemes, based on mechanical recycling techniques, will find some of these products difflcult to handle. We are developing a solution that enables us to regenerate raw materials from different sources into virgin packaging material with food contact approval.” According to the company, the new technology fully complements current mechanical recycling technology and Eastman expects it to boost the use of PET for consumer packaging. At present, more than 170,000 tonnes of PET is collected in Europe, which represents a 54% increase on 1997. Recycling is currently almost all mechanical in nature and Eastman’s process will complement this. The primary raw material source for this new technology will be packaging made from PET that other systems cannot handle.
Dyneon expands PTFE compounding business Dyneon is to purchase the filled PTFE compounds business of DuPont, based at Kerkrade in the Netherlands. The operation has a European manufacturing site and supplies markets in Europe, the Middle East and Africa. Terms of the deal were not disclosed. Dyneon says that the acquisition includes the manufacturing assets and current technology used to manufacture filled compounds at the Kerkrade facility. It expects that all DuPont employees currently employed in the business will transfer to Dyneon Plastics Additives
“Dyneon values its position as a technology and service leader in compounded PTFE,” said Bob Brillo, president of Dyneon LLC. “This acquisition adds to and diversifies the strong technology base of Dyneon. In addition, it enhances our ability to meet the service needs of a growing market, and positions us globally as a preferred supplier and competitive leader.” The company also emphasized that the purchase demonstrated a strong commitment to the compounded PTFE sector and was a major investment for the future of the company.
& Compounding
August/September
I999