Page 64 - Plastics News September 2016
P. 64
BUSINESS NEWS
HPL additives forms strategic Nordson acquires LinkTech
alliance with EPI Environmental
Technologies Nordson Corporation has acquired LinkTech, a
leading designer and producer of engineered
HPL Additives Limited, a market leader in the plastic couplings and ?ttings based in Ventura, California,
industry of polymer additives in India has forged a strengthening its product line for medical devices “OEM
path-breaking strategic alliance to diminish large-scale customers want more breadth
plastic waste, with EPI Environmental Technologies in product lines from their
Inc., of Canada, a global supplier of additives for oxo- suppliers,” said Nordson senior
biodegradable plastic applications. This agreement director of communications
and investor relations James
will enable HPL Jaye. “We have a line of ?ttings
Additives to and couplings and connectors
manufacture totally for medical devices, but this
degradable plastic adds more product lines.”
with EPI’s Totally Nordson’s medical business has been growing rapidly
Degradable Plastic internally and this bolt-on acquisition will contribute
Additive (TDPATM) to the growth. Nordson, based in Westlake, Ohio,
in India. This also had sales of $1.7 billion last year and medical market
makes HPL Additives sales accounted for 8 percent of that total. LinkTech
the sole licensee has enjoyed double digit annual growth in sales in the
to manufacture past ?ve years. “Medical is a critical area we like,”
oxo-biodegradable Jaye added.
plastics for the ?rst time in India at their manufacturing
unit in Haryana. HPL Additives Limited is a prominent Founded in 2005 and employing approximately 30
name in the global market for Polymer Additives exporting people, LinkTech will become part of the Nordson
to more than 49 countries worldwide. According to Mr. MEDICAL product line within Nordson’s Advanced
Umesh Anand, Joint Managing Director, HPL Additives, Technology Systems segment. LinkTech’s broad product
“We see our strategic alliance with EPI Environmental offering includes plastic couplings, metal couplings,
Technologies Inc. as a win-win situation for all. Oxo- polypropylene couplings, and plastic tubing connectors
biodegradable plastics will be an enormous game changer used in insuf?ation tubing sets, etc. The company
towards plastic waste management in India. shares a variety of blue-chip OEM customers in common
with Nordson and has generated double digit compound
In the progress of delivering environmentally friendly annual organic growth rates in revenue over the last
plastic, Oxo-Bio-Degradation is the latest, forward- ?ve years.
looking innovation with a two-step process whereby the
conventional polyole?n plastic is ?rst oxo-degraded to Nordson has a broad product line of engineered products
short-chain oxygenated molecules, and then biodegraded serving industries as diverse as plastics, adhesives,
by micro-organisms (Bacteria, Fungi, etc.). The main biomaterials, ?uids, electronics testing and coatings.
difference between ‘oxo-biodegradable’ plastic and other In the plastics industry it is well known for its screws
plastic is the presence of an oxo-formulated additive in and barrels and other components used in injection
concentrations of 1-3% (metal salts) within the petroleum molding, extrusion, compounding and recycling.Many
based plastic. This additive allows the plastics to degrade of the ?ttings and couplings sold for medical devices
in the presence of oxygen, light, heat and moisture. Oxo- contain components injection molded from acetal,
biodegradable plastic s designed to degrade in the open polypropylene, ABS, polysulfone and other plastics.
environment. Jaye said Nordson does its own injection molding of
the components at several locations.
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