Chemtura to complete $40 million expansion

By Robert Grace
Associate Publisher & Business Development Director

Published: October 21, 2013 11:19 am ET
Updated: October 21, 2013 11:21 am ET

Related to this story

Topics Materials Suppliers, K 2013, Business News & Features

DÜSSELDORF, GERMANY — Chemtura Organometallics GmbH, a subsidiary of U.S.-based Chemtura Corp. (Hall 6/E24), said it expects to complete the final phase of a $40 million expansion in Germany by year’s end.

The move will greatly boost capacity to make its Axion-brand, single-site polymerization catalysts and related precursors. The materials are used in the manufacture of polyolefins and elastomers.

In an interview after a Chemtura press event at K 2013 on Oct. 16, Ulrich Stewen, the Swiss-based commercial and technology director for organometallics, said the project in Bergkamen, in west-central Germany, is nearing completion.

The expansion for the Axion aluminoxane oxane (MAO) activator is fully backwards integrated based on Chemtura’s on-site production of the trimethylaluminum (TMA) precursor, Stewen said. Noting that only Chemtura and Albemarle Corp. are active in this space, he declined to provide any information about production quantities.

Philadelphia-based Chemtura earlier this month sold its consumer products business, consisting of such products as household cleaners and pool chemicals, for $315 million to Kik Custom Products Inc. It said it may sell its agrochemicals business as well. These moves will allow Chemtura to focus on fire safety and flame retardants, specialty chemicals, and on other, less-cyclical sectors such as home-insulation products.

Separately, the recently spun-off Chemtura specialty additives business, now called Addivant, is expanding some production capacity and also is growing in China. Peter Smith, who was general manager of the business unit under Chemtura since 2009, is now Addivant’s president and CEO. SK Capital purchased the antioxidants and UV stabilizers business, which relaunched under its new name this past May 1.

Smith said at the K show that Addivant established its own applications center in Shanghai, after having separated from the Chemtura center in Nanjing, China, last month. He said the firm will be expanding production in China and opening a new customization center there, but declined to provide details.

Smith also said the company is doubling production capacity in Saudi Arabia and South Korea, and soon would be expanding output at its Morgantown, W. Va., site, but again did not offer further details.


Comments

Chemtura to complete $40 million expansion

By Robert Grace
Associate Publisher & Business Development Director

Published: October 21, 2013 11:19 am ET
Updated: October 21, 2013 11:21 am ET

Post Your Comments


Back to story


More stories

Image

Formosa to be compensated for Vietnam riot

July 28, 2014 1:44 pm ET

Taiwan's Formosa Plastics Group will receive $2.39 million from the Vietnamese government and insurance companies for damages suffered during the...    More

Image

Ukraine's Group DF may be forced to sell Crimea-based additives plant

July 28, 2014 10:12 am ET

Group DF, the industrial business of Ukrainian tycoon Dmitry Firtash, may be forced to sell off Eastern Europe's biggest producer of titanium oxide,...    More

Image

DuPont resins help take Nike golf balls 'Fore!'ward

July 25, 2014 1:07 pm ET

It may be difficult to imagine just how much science, not to mention rubber and plastic components, go into a golf ball. But global giant DuPont Co....    More

Image

Bioplastics maker wins government funding

July 25, 2014 12:13 pm ET

Canadian bioplastics maker Solegear Bioplastics Inc. has won $1.6 million in funding from the government-sponsored Western Innovation Initiative...    More

Meredian merging with Danimer Scientific

July 24, 2014 1:59 pm ET

Bioplastics maker Meredian Inc. is merging with its sister firm, Danimer Scientific LLC.    More

Market Reports

Plastics Recyclers Data Report & Directory

This exclusive MS Excel database contains all the companies from Plastics News' ranking of top North American Recyclers and Brokers by reprocessed volume and also includes a directory with materials processes, services offered and company contact information. Data is based on primary research by PN editorial staff.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events