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

Materials firm realigns business divisions

October 20, 2014 1:23 pm ET

Trinseo S.A., formerly known as Styron L.L.C., is realigning its business divisions, creating two new business groups — Performance Materials...    More

Image

Corbion Purac collaboration taking bioplastics into even more uses

October 17, 2014 6:00 am ET

Corbion Purac NV's collaboration with Taiwan-headquartered compounder Supla Co. Ltd. and Taiwan electronics producer Kuender & Co. is paying...    More

Image

Momentive gearing up for some timely LSR sales

October 17, 2014 10:58 am ET

Momentive Performance Materials Inc. has plenty of time for customers at Fakuma — thanks to colorful new watchbands made with the firm's fiber-...    More

Image

Evonik sees clear growth opportunities with new Plexiglas Resist resin

October 17, 2014 6:00 am ET

Evonik Industries AG presented a new specialty molding compound during Fakuma in Friedrichshafen with which it plans to exploit the growing demand...    More

Image

Teknor adding second UK production line

October 17, 2014 9:25 am ET

Teknor Apex Co. will add a second thermoplastic elastomer production line at its United Kingdom plant by the end of 2015 to meet growing demand.    More

Market Reports

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

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

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

More Events