ROSENBERG, TEXAS (July 21, 1:05 p.m. EDT) — Albis Plastics, a resin distributor and compounder based in Rosenberg, has inked a deal with Samsung Cheil Industries that will allow Albis to compound flame-retardant grades of ABS and high-impact polystyrene for the first time.
Though neither firm exhibited at NPE 2003, Albis announced the deal at that late-June show in Chicago. The agreement licenses Albis to produce compounds based on Samsung formulations. Unlike a toll compounding setup, Albis will market and sell the products directly to customers, Albis President and Chief Executive Officer Stephen Gill said in a recent telephone interview.
A unit of Albis Plastics GmbH of Hamburg, Germany, Albis Plastics has distributed ABS for Samsung Cheil for more than a decade, developing markets in parts for pool pumps, refrigerators and electrical connectors, Albis officials said. Production of the ABS and HIPS products is expected to start in August at Albis' compounding plant in Rosenberg, Gill said.
Albis and Seoul, South Korea-based Samsung also plan on making halogen-free grades of ABS available in North America in the near future. Customers using that material in Europe have requested it in North America as well, officials said.
Albis posted sales of $90 million in 2002, with $60 million coming from distribution and the rest from proprietary and toll compounding, primarily of engineering resins. In addition to Samsung Cheil, Albis distributes resins and compounds for AlphaGary Corp., BASF Corp., Bayer Corp., Plaskolite Continental Inc., and Eastman Chemical Co.
Gill said the firm may add another distribution partner by the end of 2003, but he declined to offer details. Albis employs 170 in Rosenberg, where it operates 13 twin-screw compounding lines. The firm added a line in 2002 but has no plans to increase capacity this year.