Page 62 - Plastics News September 2016
P. 62
BUSINESS NEWS
Huntsman extends scope of Azelis has also hired additional skilled commercial
working relationship with staff to sell the specialty chemicals it distributes. For
Azelis formulators purchasing Huntsman products from Azelis,
the investment in additional technical equipment will
Huntsman has extended the scope of its working have a number of advantages. With the latest machinery
relationship with Azelis -one of its distribution on hand, Azelis will be able to test products and systems
partners. Under the terms of a new agreement, Azelis on behalf of customers - helping to cut costs, simplify
is now supplying key polyurethane products and systems decision-making and reduce time to market. There will
from Huntsman's adhesives, coatings and elastomers (ACE) also be synergies for suppliers of polyols and additives
range throughout using MDI-based products from Huntsman to create
Eastern Europe. specialist coatings.
The deal builds on a Showa Denko & JX Nippon
prior arrangement to buy stake in SunAllomer
between the two
companies, which Showa Denko K.K., JX Nippon Oil & Energy
covered France, Corporation and LyondellBasell Group have
Benelux, Germany reached final agreement concerning the sale/
and Austria. The purchase of LyondellBasell’s shares in SunAllomer Ltd.
new countries (SunAllomer), a joint venture company among the
added include three parties
Poland, Czech for production
Republic, Slovakia, and sale of
Hungary, Bulgaria, polypropylene.
Romania, Croatia, Serbia, Bosnia, Moldavia and Albania. SDK Sunrise
Previously, Huntsman supplied customers in these Investment
countries direct. However, with demand for its ACE (SSI), owned
chemistries growing in these markets, the team decided by SDK and
it was the right time to hand distribution to a trusted JX, will purchase LYB’s 50% stake in SunAllomer
partner. Products covered by the new agreement include effective August 31, 2016. After the acquisition, an
some of Huntsman's core polyurethane chemistries, absorption-type merger of SSI and SunAllomer will
such as SUPRASEC" MDI, as well as related products take place on November 1, 2016 with SunAllomer
and crosslinking technologies for industrial adhesive as the surviving company. The partnership between
applications. Johan Van Tongelen, Commercial Director SunAllomer and LYB in various areas, including
at Huntsman Polyurethanes, said: "The time is right to technology, marketing, and sales, will be maintained
grow our ACE business in East Europe, and working with as at present. Tokyo-headquartered SunAllomer has
an experienced distributor is the best way to achieve total PP capacity of 408,000 tpa producing 281,000
this." Azelis has recently made a series of investments tpa in Oita and 127,000 tpa in Kawasaki. For SDK
at its technical center in Sankt Augustin, Germany - a and JX, the polypropylene business constitutes a key
move that will help companies sourcing Huntsman's element in their ole?n chains. Taking this opportunity
polyurethane products through the business. At the site of acquiring additional shares, the two companies
near Cologne, Azelis has expanded the capabilities of its will further strengthen cooperation with SunAllomer,
coatings application laboratory, which contains equipment thereby enhancing the competitive power of their
dedicated to the formulation of coatings and the testing polypropylene business.
of polyurethanes for thin-layered elastomer applications.
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