DSM buys Vestolen's PE, PP production
HEERLEN, NETHERLANDS — DSM NV on Nov. 1 acquired the polyethylene and polypropylene operations of Veba Oel AG's Vestolen GmbH subsidiary.
Heerlen-based DSM said the businesses will be integrated with its DSM Polyethylenes and DSM Performance Polymers groups under the name DSM Polyolefine GmbH.
The Vestolen operation, based in Gelsenkirchen, Germany, has 330 million pounds of PE capacity per year and 440 million pounds of PP. DSM aims to expand polyolefin capacity at the site by building a 660 million-pound-per-year linear low density PE gas-phase plant and a 550 million-pound PP gas-phase plant.
DSM expects the takeover to give it total annual polyolefins capacity of more than 5.5 billion pounds by 2000, when it expects to rival Borealis as the top European polyolefins producer.
Mass. compounder expands, relocates
STURBRIDGE, MASS.—New England Plastic Compounders and New England Plastic Services Inc. have consolidated to form Plastic Services Inc., and relocated to Sturbridge.
The new firm ordered a compounding extruder from Berlyn/ Clay Group Inc. of Gloucester, Mass., which it will add to its current lineup of three extruders.
The new machine, which cost about $125,000, should be operating by February, the firm said.
New England Plastic Compounders had been located in Haverhill, Mass., and New England Plastic Services in Charlton, Mass. In June, the firms consolidated into the new, 24,000-square-foot facility, which gives the compounding operation more manufacturing, warehouse and lab space, said President Thomas Morrison.
The firm supplies engineering thermoplastic compounds including polycarbonate, nylon, ABS, polyphenylene oxide, reground materials and color concentrates.
Morrison pegged annual sales at about $6 million.
Kuraray, Nippon plan Singapore PVOH plant
SINGAPORE — Rival Japanese chemical giants Kuraray Co. Ltd. and Nippon Synthetic Chemical Industries Co. Ltd. jointly are investing in a 88 million-pound-per-year polyvinyl alcohol plant in Singapore, which will serve a third of the Asia-Pacific market at the turn of the century.
The US$113 million facility on Pulau Sakra island is scheduled to come on stream in early 1999, and is the first PVOH plant operated by either firm outside Japan.
The joint venture firm, Poval Asia, plans to export most of the resin to Southeast Asian markets, such as Indonesia and Vietnam.
Koichi Kushida, Poval Asia president, said PVOH demand in the region is set to grow 6 percent annually, with demand in 1999 estimated at 264 million pounds.
Ashland purchases General Fiberglass
DUBLIN, OHIO — Ashland Chemical Co. of Dublin announced Nov. 21 it bought General Fiberglass of Pewaukee, Wis.
General Fiberglass distributes fiberglass-reinforced plastics supplies in Kentucky, Illinois, Indiana, Michigan, Minnesota, Ohio and Wisconsin.
Terms of the stock purchase were not announced. Ashland is operating its acquisition as part of its FRP Supply Division.
``This key acquisition accelerates our business activity in the Midwestern states and demonstrates our ongoing commitment to grow this business,'' William Merz, FRP vice president and general manager, said in a news release.
In the General Fiberglass deal, Ashland gained four more FRP stocking sites to add to its existing 51 North American locations.
Ashland has been growing FRP Supply. The firm bought both Polyester Chemicals Corp. of Pacoima, Calif., and the western Canadian composites distribution business of Ferro Industrial Products Ltd. within the past year.