Former ExxonMobil BOPP equipment headed to auction

By Michael Lauzon
Correspondent

Published: April 11, 2014 12:47 pm ET
Updated: April 11, 2014 12:49 pm ET

Related to this story

Topics Materials, Film & Sheet
Companies & Associations ExxonMobil Chemical Co.

Biaxially oriented polypropylene film equipment in Belleville, Ontario, formerly run by ExxonMobil Chemical Co. will be auctioned May 1.

The BOPP film operation was not included in a sale of ExxonMobil Chemical’s global BOPP business to Jindal Poly Films Ltd. of New Delhi, India. A sales agreement between the two companies was announced in October 2012 and Jindal completed the purchase last year. ExxonMobil Chemical said in 2012 that the Belleville plant was its highest cost BOPP operation.

Hilco Industrial of Grand Rapids, Mich., will conduct the auction live and online. Auctioneer Schneider Industries Inc. of St. Louis will work with Hilco on the auction.

Key assets include two BOPP lines with 260 inch nominal width. The lines have Bruckner machine direction orientation sections and Marshall & Williams transverse direction orientation systems. A Hilco spokesman said the BOPP lines can be purchased entire or on a component basis. The facility is not for sale but space in it is available for lease.

A Leybold Topmet vacuum metallizer and Kataoka sheet slitting line are other major pieces of equipment. Grinders, dust collectors, silos, drive motors, pallet storage systems and a range of supporting equipment are also part of the sale.

Jindal acquired Houston -based ExxonMobil Chemical BOPP plants in Shawnee, Okla.; LaGrange, Ga.; Virton, Belgium; Brindisi, Italy; and Kerkrade, Netherlands, and a sales office in Luxembourg. The operations employed about 1,500.

Jindal claims to have global BOPP capacity of 428 million pounds per year. Its biaxially oriented PET film capacity is 254 million pounds per year. It can metallize 127 million pounds per of the films.


Comments

Former ExxonMobil BOPP equipment headed to auction

By Michael Lauzon
Correspondent

Published: April 11, 2014 12:47 pm ET
Updated: April 11, 2014 12:49 pm 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

Alex Brands buys iconic Shrinky Dinks toys

December 19, 2014 3:15 pm ET

First Slinky, now Shrinky Dinks. What will toy and games investment firm Alex Brands buy next?    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

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