Clariant International Ltd.
The materials firm is addressing recycling and other areas of growing interest for customers.
Officials and market watchers are speculating on what will happen next, now that a deal is on hold that would have combined Clariant AG's additive and masterbatch business with part of Saudi Basic Industries Corp.'s engineering resins business.
Negotiations between Saudi petrochemicals firm Sabic and Clariant over the creation of a new stand-alone specialties business have come to a temporary halt, 10 months after the two companies unveiled plans for the joint venture.
More than two dozen companies have created a new group, called the Alliance to End Plastic Waste, which has committed $1 billion over five years to solve plastic waste problems.
North American compounders and concentrate makers are reporting solid results for 2018, even as supply chain issues have caused some bumps in the road.
Swiss materials supplier Clariant AG and Saudi chemical company Sabic are to merge parts of their businesses in a bid to create a leading supplier of high-performance materials. The deal does not include several well-known Sabic materials that originated with GE Plastics.
North America now accounts for 20 percent of sales for Muttenz, Switzerland-based Clariant, but the market is growing at an annual rate of 10 percent, North America President and CEO Deepak Parikh said in an interview at NPE2018.
When Clariant International Ltd. brought a twin-screw compounding extruder on line at its facility in Lewiston, Maine, earlier this year, the materials supplier wrapped up a years-long expansion project aimed at producing larger batches of its Mevopur brand compounds.
Saudi chemicals company Sabic has acquired a 24.99 percent stake in Clariant International Ltd., the Swiss chemical company announced Jan. 25.
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