GE boosts compounds in Asia for electronics
PITTSFIELD, MASS. - GE Plastics has started making its LNP Faradex compounds at its Moka, Japan, facility to meet growing demand for nonbrominated, nonchlorinated substances in electronics manufacturing.
The Pittsfield-based company said April 19 it expanded production of the compounds to Asia to handle legislative and regulatory demands in Japan, Europe and elsewhere to cut back on hazardous substances in electronics.
It also said it is seeing increased demand for materials that provide inherent electromagnetic interference shielding. Its Faradex grades use stainless-steel fibers to provide EMI shielding without a vacuum metalization layer, GE said.
The company said the Moka plant recently launched a polycarbonate/ABS blend, NS0031, to provide flame-retardant properties without using brominated or chlorinated additives.
``GE Plastics is continuing to invest in our Pacific facilities to meet growing demand from electronics [original equipment manufacturers] and suppliers for high-performance components that comply with stringent regulatory requirements,'' said Hiroshi Yoshida, global director for electronics.
Firm selling stake in Australian Vinyls
LAVERTON, AUSTRALIA - A change in direction by an Australian private equity investment fund has sparked a plan to sell resin manufacturer Australian Vinyls Corp. Ltd. of Laverton.
One of AVC's biggest shareholders wants to focus on infrastructure investments sales. Colonial First State Private Capital Ltd., which holds a 16.5 percent stake in AVC, had decided to sell all its noninfrastructure holdings eventually, according to a Colonial First spokesman.
Colonial First plans to dispose of that interest soon and focus on infrastructure, such as airports in Brisbane and Perth, and firms operating natural gas and aviation fuel pipelines, the spokesman said.
The remainder of AVC has been owned by management since a 2002 management buy-in. Before that, Orica Ltd. of Melbourne and PolyOne Corp. of Avon Lake, Ohio, owned the resin producer.
In a recent report, Colonial First said AVC ``produced a solid result'' for the half year ended Dec. 31, but the report did not disclose figures.
In the Laverton suburb of Melbourne, AVC's facility employs 110 and produces more than 315 million pounds of PVC resin annually. The company imports vinyl chloride monomer feedstock and converts it to PVC resin through a suspension polymerization process.
Customers include makers of drainage and irrigation pipes, electric cable insulation, rigid and film packaging, garden hoses, clothing and footwear, automotive components, floor coverings and furniture.
Colonial First State Private Capital is based in Sydney.
Ill. resin distributor expands warehouse
LAKE ZURICH, ILL. - Engineering resins distributor API-Kolon has moved into a new $4 million warehouse and office space in Lake Zurich.
Construction began in April on the 50,000-square-foot facility, which officially opened in January, marketing manager Max Hahn said. The firm had operated out of a 20,000-square-foot site in Bensenville, Ill., since 1998. Administrative offices moved to Lake Zurich in 2004.
The new site offers more storage room and better inventory management and shipping services, Hahn said in a recent phone interview. API-Kolon is a unit of South Korean chemicals maker Kolon Industries Inc. All of its resins are imported from Kolon sites in Korea.
Materials distributed by the firm include nylon 6 and 6/6, acetal, acrylic, polycarbonate, specialty styrenics and thermoplastic elastomers. In addition to the Lake Zurich site, API-Kolon uses eight public warehouses nationwide.
Last year, the company began supplying resin to a Hyundai Motor Co. plant in Montgomery, Alabama.
API-Kolon employs 16 in Lake Zurich and is looking to add staff, Hahn said. The company posted sales of $13.5 million in 2006 and expects to hit the $15 million mark in 2007.