Addivant opens new headquarters

By Frank Esposito
Senior Staff Reporter

Published: May 22, 2014 9:09 pm ET
Updated: May 22, 2014 9:10 pm ET

Related to this story

Topics Materials, Materials Suppliers

Additives maker Addivant has opened a new corporate headquarters in Danbury, Conn.

The site officially opened with a ribbon-cutting on May 21. Previously, Addivant had been based in Middlebury, Conn.

The official opening came just over a year after the firm became an independent portfolio company of private equity firm SK Capital. Addivant was formed from the antioxidant and light-stabilizer business of Chemtura Corp., which SK purchased in late 2012.

“Our strong intellectual property portfolio…along with our new management provides a strong foundation for us to build upon,” CEO Peter Smith said in a news release.

Addivant was very active in its first 12 months as an independent unit. During that time, the firm added production capacity at plants in Saudi Arabia and South Korea and commercialized Polybond-brand polymer modifiers, which are based on renewable resources.

Earlier this year, Addivant announced plans to open a product development center in Shandong, China. The firm operates 11 plants and employs 500 worldwide.

 


Comments

Addivant opens new headquarters

By Frank Esposito
Senior Staff Reporter

Published: May 22, 2014 9:09 pm ET
Updated: May 22, 2014 9:10 pm ET

Post Your Comments


Back to story


More stories

Image

Sony entering recycled PC market

August 27, 2014 11:08 am ET

Consumer electronics giant Sony Corp. is getting into a sideline of selling recycled resins.    More

Image

Nova expanding PE research center

August 26, 2014 1:36 pm ET

Nova Chemicals Corp. has broken ground on an expansion of its polyethylene research center in Calgary, Alberta.    More

Image

Sinopec licenses PP technology to USA, posts half-year results

August 26, 2014 11:46 am ET

China's state-owned petrochemical giant Sinopec Corp. said it is licensing polypropylene polymerization technology to a U.S. plant for the first time ...    More

Image

Japan's DIC planning PPS compounding plant in China

August 25, 2014 1:28 pm ET

Japanese materials firm DIC Corp. plans to open its first polyphenylene sulfide (PPS) compounding plant in China by the end of 2015.    More

Image

China's PVC exports face challenges

August 22, 2014 2:14 pm ET

Despite robust growth in the first half of the year, China's PVC exports now faces new challenges, due to trade barriers and new capacity ramping up i...    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

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

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