Page 47 - Plastics News October 2016

Business NEWS
Arkma to invest in polyestere
powder resin manufacturing
facility in Mumbai
Arkema has announced plans to construct a new
leading class polyester powder resin manufacturing
facility, the first of its kind in India, on its existing resin widen its product portfolio for thermoplastics processing
platform in Navi Mumbai, Maharashtra. The project,
which represents an investment of approximately
$US 15 mln and is targeted for completion in 2018,
includes a new manufacturing unit and a dedicated new
laboratory to provide both application development
and technical support. The new facility will support
customers in the fast growing powder coating market.
Offering increasingly environmental-friendly solutions
with low-VOC content, resins for powder coatings is an
important and growing part of our product portfolio,” said
Richard Jenkins, global group president for the Coating
resins business. “This new facility will complement
our existing manufacturing sites in Europe and North
America, and underpins our commitment to meet our
customers’ needs wherever they operate around the
world.” The new facility will produce polyester powder
resins marketed under the REAFREE® trade name. The
principal use for polyester powder coatings includes a
wide range of industrial coatings along with automotive
and architectural applications. This investment supports
Arkema’s ambition to expanding its geographical coverage
of its environmentally friendly, low-VOC (Volatile Organic
Compound) coating resins portfolio, including powder
resins, waterborne resins, UV photocure and high solid
solutions, as well as high performance coating additive.
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Chem-Trend Acquires Ultra Purge
Chem-Trend, a global leader in the development,
production and marketing of high-performance
purging compounds, release agents and mold
maintenance products, announced it has acquired the
Ultra Purge™ business from Moulds Plus International to
operations.
The purchase
includes the
Ultra Purge™
brand along
with product
and processing
technologies
and other business assets. Ultra Purge™ is a well-known
high performance line of purging compound technologies
sold throughout North America, Europe and parts of Asia
and South America. “This move allows Chem-Trend to
provide an even greater portfolio of purging compounds
to enhance the value, efficiency and productivity that
we currently offer to processors of thermoplastics,” said
Chem-Trend President and CEO Devanir Moraes. The
Ultra Purge™ line of purging compounds covers a broad
range of thermoplastics applications, including injection
molding, hot runners, caps and closures, PET preforms,
blow molding extrusion, film extrusion, automotive and
more. “Ultra Purge™ was initially developed as a value-
adding purging compound line for injection molders,
so we focused on creating product technologies and
developing innovative manufacturing processes that
would provide premium results for our customers,” said
Gian Paolo Repetto, founder and president of Moulds
Plus International SRL. “We’re excited for the next
chapter in the Ultra Purge™ legacy, and we’re confident
that Chem-Trend can take this product line to the next
level. “Chem-Trend operates within a similar value-
adding business model, which makes it the perfect buyer
for the Ultra Purge™ brand,” said Graziano Pestarino,
president of Moulds Plus International USA. With Chem-
Trend’s wide network, deep understanding of the
market and extensive global presence, the company
offers additional support for our existing customers and
significant opportunities for expansion.”