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

Ferro sells another piece of its plastics business

December 19, 2014 3:33 pm ET

Ferro Corp. has sold its North American polymer additives business to a private equity firm for $154 million in cash.    More

Image

Antimicrobial polymers firm TiFiber launching pilot production in Ark.

December 19, 2014 10:58 am ET

TiFiber Inc., which makes synthetic compounds to control dangerous microorganisms, will locate a pilot production facility and its future company...    More

Image

Patel named LyondellBasell CEO

December 19, 2014 9:56 am ET

Bhavesh V. “Bob” Patel has been named CEO of Houston-based polyolefins producer LyondellBasell Industries NV, effective Jan. 12.    More

Image

Momentive to get a new name in January

December 19, 2014 9:45 am ET

Momentive Specialty Chemicals Inc. will change its name to Hexion Inc., effective Jan. 15.    More

Image

Thailand's SCG Chemicals buying Norwegian chemical firm Norner

December 19, 2014 9:11 am ET

Thailand's SCG Chemicals Co. Ltd. has announced it has acquired 51 percent of the shares in the independent petrochemical company Norner Holding AS fr...    More

Market Reports

Flexible Packaging Trends in North America

Our latest RESEARCH report examines trends in FLEXIBLE PACKAGING impacting the North American market including a review of economic conditions, key drivers of growth, materials pricing, M&A activity, sustainability challenges and the outlook for 2015.

Learn more

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Upcoming Plastics News Events

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

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

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events