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Hexion Inc. expands production in China
BUSINESS
Reinforced Plastics Volume 60, Number 1 January/February 2016
Hexion Inc. expands production in China Hexion Inc. has recently expanded its waterborne epoxy resin production capacity in Tianjin, China. The project, which will take advantage of modern technologies including a new reactor, will allow Hexion to meet increasing demand for its waterborne epoxy products used to made sizing
for glass or carbon fibers used in wind energy, automotive and aerospace applications. Hexion will now be able to locally produce and shorten supply times for a broad range of epoxy resins, curing agent and modifiers.
‘Waterborne technology offers manufacturers a more sustainable alternative to solvent-based coatings by reducing volatile organic compounds,’ says Terry Shao, Hexion’s regional market development manager for China. Hexion; www.hexion.com
Exel Composites reports increase in net sales BUSINESS
Exel Composites has released its interim report for 1 January to 30 September 2015. In it, the company reports net sales of s60.9 million, up by 4.6 and on the previous year (s58.2 million). However, Q3 2015 sales were s18 million, down from s19 million in Q3 2014. Operating profit decreased to s0.5 million in the third quarter of 2015, down from s1.9 million in 2014.
‘Profitability was impacted by higher operating costs mainly attributable to the additional resources required to implement the long-term growth strategy,’ said presi¨ ma¨ki. ‘We recorded dent and CEO Riku Kyto delays in orders from some key customers in the second quarter and this continued also in the third quarter. New customer acquisitions partly mitigated the weak sales development of some key customers. Consequently, profitability in the third
quarter was affected by lower sales volumes than in the corresponding period last year.’ ‘The company implements its new strategy by reinforcing the organization, especially in sales resources, product development and operations development, and by increasing its capacity. These efforts are expected to reduce the 2015 operating profit margin compared to 2014, but will position the company better for long-term profitable growth.’ Exel Composites; www.exelcomposites.com
Gamesa signs 103-MW supply agreement Gamesa has signed an agreement with wind energy specialist Enbridge to install 45 G972.1 MW and four G90-2.0 MW wind turbines at a wind farm being developed in West Virginia, U.S.A. Gamesa will handle the transport, installation and commissioning of 45 of its G90-
2.1 MW turbines and four of its G902.0 MW turbines at the facility. The turbines are slated for delivery over the course of 2016 and the project is expected to be up and running by the end of next year. In addition, the company will operate and maintain the wind farm for five years.
This agreement marks the start of the firm’s business relationship with Enbridge, which has renewable energy portfolio of nearly 2000 MW. It also reinforces Gamesa’s strategy in the U.S., the company says. Gamesa; www.gamesa.com
DuPont announces 2020 sustainability goals DuPont today updated its sustainability goals for 2020. The new 2020 goals include updated footprint goals addressing greenhouse gases, energy, water and waste to reduce the impacts of company operations and now also include DuPont’s food security goals. ‘We are continuing on our sustainability journey at DuPont by challenging all new products in our innovation pipeline to contribute to a safer, healthier, more sustainable planet by 2020,’ said vice president, DuPont safety, health and environment
DuPont will address greenhouse gases, energy, water and waste issues.
and chief sustainability officer, Linda J. Fisher. As part of the DuPont Sustainable Innovation Goal, DuPont will report annually through 2020 on the quantifiable benefits in safety, health and sustainability stemming from the company’s major innovations. These may include reduced or prevented carbon emissions, quantifiable ecosystem benefits, measurable improvements in water quality or conservation, or improvements in workers’ safety conditions. DuPont; www.dupont.com
DuPont receives global supplier award DuPont Performance Polymers has received the 2015 Overall Performance Award from
10
MAHLE business unit Filtration and Engine Peripherals in recognition of quality and
supply chain excellence and zero recorded incidents in global supply chains.
Reinforced Plastics Volume 60, Number 1 January/February 2016
Hexion Inc. expands production in China Hexion Inc. has recently expanded its waterborne epoxy resin production capacity in Tianjin, China. The project, which will take advantage of modern technologies including a new reactor, will allow Hexion to meet increasing demand for its waterborne epoxy products used to made sizing
for glass or carbon fibers used in wind energy, automotive and aerospace applications. Hexion will now be able to locally produce and shorten supply times for a broad range of epoxy resins, curing agent and modifiers.
‘Waterborne technology offers manufacturers a more sustainable alternative to solvent-based coatings by reducing volatile organic compounds,’ says Terry Shao, Hexion’s regional market development manager for China. Hexion; www.hexion.com
Exel Composites reports increase in net sales BUSINESS
Exel Composites has released its interim report for 1 January to 30 September 2015. In it, the company reports net sales of s60.9 million, up by 4.6 and on the previous year (s58.2 million). However, Q3 2015 sales were s18 million, down from s19 million in Q3 2014. Operating profit decreased to s0.5 million in the third quarter of 2015, down from s1.9 million in 2014.
‘Profitability was impacted by higher operating costs mainly attributable to the additional resources required to implement the long-term growth strategy,’ said presi¨ ma¨ki. ‘We recorded dent and CEO Riku Kyto delays in orders from some key customers in the second quarter and this continued also in the third quarter. New customer acquisitions partly mitigated the weak sales development of some key customers. Consequently, profitability in the third
quarter was affected by lower sales volumes than in the corresponding period last year.’ ‘The company implements its new strategy by reinforcing the organization, especially in sales resources, product development and operations development, and by increasing its capacity. These efforts are expected to reduce the 2015 operating profit margin compared to 2014, but will position the company better for long-term profitable growth.’ Exel Composites; www.exelcomposites.com
Gamesa signs 103-MW supply agreement Gamesa has signed an agreement with wind energy specialist Enbridge to install 45 G972.1 MW and four G90-2.0 MW wind turbines at a wind farm being developed in West Virginia, U.S.A. Gamesa will handle the transport, installation and commissioning of 45 of its G90-
2.1 MW turbines and four of its G902.0 MW turbines at the facility. The turbines are slated for delivery over the course of 2016 and the project is expected to be up and running by the end of next year. In addition, the company will operate and maintain the wind farm for five years.
This agreement marks the start of the firm’s business relationship with Enbridge, which has renewable energy portfolio of nearly 2000 MW. It also reinforces Gamesa’s strategy in the U.S., the company says. Gamesa; www.gamesa.com
DuPont announces 2020 sustainability goals DuPont today updated its sustainability goals for 2020. The new 2020 goals include updated footprint goals addressing greenhouse gases, energy, water and waste to reduce the impacts of company operations and now also include DuPont’s food security goals. ‘We are continuing on our sustainability journey at DuPont by challenging all new products in our innovation pipeline to contribute to a safer, healthier, more sustainable planet by 2020,’ said vice president, DuPont safety, health and environment
DuPont will address greenhouse gases, energy, water and waste issues.
and chief sustainability officer, Linda J. Fisher. As part of the DuPont Sustainable Innovation Goal, DuPont will report annually through 2020 on the quantifiable benefits in safety, health and sustainability stemming from the company’s major innovations. These may include reduced or prevented carbon emissions, quantifiable ecosystem benefits, measurable improvements in water quality or conservation, or improvements in workers’ safety conditions. DuPont; www.dupont.com
DuPont receives global supplier award DuPont Performance Polymers has received the 2015 Overall Performance Award from
10
MAHLE business unit Filtration and Engine Peripherals in recognition of quality and
supply chain excellence and zero recorded incidents in global supply chains.