Category Archives: News

Berry Global makes a significant investment in India’s healthcare

Berry Global makes a significant investment in India’s healthcare

 

Berry Global Group is again demonstrating its worldwide leadership in the design, development, and production of patient-centered healthcare solutions with the announcement of plans to establish a second manufacturing facility and global healthcare centre of excellence in Bangalore, India.

Berry Global is a Fortune 500 global manufacturer and marketer of plastic packaging products. Headquartered in Evansville, Indiana, it has over 290 facilities across the globe and more than 48,000 employees.

Planned for development near Berry’s existing Bangalore operation, the new facility will enable the company to extend its R&D expertise and scale up production in several key healthcare sectors: ophthalmic, nasal pumps, inhalation, and injectable administrations. The increased capacity will also enhance supply in India and throughout South Asia, addressing some of the fastest growing healthcare market geographies.

“Investing in our global healthcare business in Bangalore is a significant step in supporting our pharmaceutical, over-the-counter, and medical device customers aligned to forecasted market needs,” remarked Tom Salmon, Berry Global’s Chairman and CEO. “During the pandemic, we’ve learned that strategically placed facilities across the world provide efficient localised support for customers of any size. We believe this investment significantly benefits the India and South Asia patient populations.”

The Berry Healthcare site addition in Bangalore offers a vast wealth of technical experience and a regular pipeline of future talent through its network of universities.

3M expands its continued commitment to environmental sustainability by investing in TPG Rise Climate Fund

Swiss chemical giant Sika acquires Bexel Internacional

 

3M is expanding its ongoing commitment to environmental stewardship by investing in TPG Rise Climate, a multi-billion dollar climate impact investing fund that deploys mission-driven capital at scale.

TPG Rise Climate is focussing investments on clean energy, enabling solutions, decarbonised transport, greening industrials, and agricultural and natural solutions. The first-close fund participation of more than 20 global companies, including 3M, was announced.

“From environmental goals to reduce water use, improve water quality, and achieve carbon neutrality, to our ongoing investments in emerging technologies that advance sustainability, 3M is committed to making a difference in the trajectory of climate change,” said Gayle Schueller, Senior Vice President and Chief Sustainability Officer, 3M. “We continually build and add to our external partnerships to bring together people, ideas, and science, reimagine what’s possible and help solve the world’s greatest challenges.”

TPG Rise Climate includes a unique group of global institutional and corporate investors that are united by capital, innovation, and accountability. The TPG Rise Climate Coalition has a shared commitment to harness the rigor of TPG’s investment process to unlock technologies, scale solutions, and deliver broad impact.

WACKER grows sales and earnings significantly in Q2 2021 due to strong customer demand

Swiss chemical giant Sika acquires Bexel Internacional

 

The Munich-based chemical company, WACKER’s EBITDA (earnings before interest, taxes, depreciation, and amortisation) for the second quarter of 2021 was €326.6 million, more than quadruple the number for the same quarter last year (€105.4 million).

This strong increase was due chiefly to substantial year-over-year growth in both volumes and prices of solar-grade polysilicon. Higher volumes and better prices in the chemical divisions as well as very high plant utilisation rates also had a positive impact on EBITDA. On the other hand, much higher raw-material prices had a negative impact. Compared with a quarter earlier (€246.4 million), EBITDA increased 33 percent. WACKER’s reporting-quarter EBITDA margin was 21.8 percent (Q2 2020: 9.8 percent). The margin in the preceding quarter was 18.1 percent.

Group EBIT (earnings before interest and taxes) totaled €233.7 million in the reporting quarter (Q2 2020: €1.8 million). That was an increase of €231.9 million and yielded an EBIT margin of 15.6 percent (Q2 2020: 0.2 percent). Compared with Q1 2021 (€154.9 million), EBIT grew 51 percent. Aside from the factors already mentioned, EBIT also benefited from a year-over-year decline in depreciation and amortization, which came to €92.9 million in the reporting quarter (Q2 2020: €103.6 million). Net income for the quarter totalled €178.8 million (Q2 2020: €4.5 million), while earnings per share came in at €3.50 (Q2 2020: €0.07).

The company confirmed its full-year forecast, which it had revised upward on June 16. It now expects full-year sales to amount to around €5.5 billion (2020: €4.69 billion). EBITDA is expected to come in at between €900 million and €1.1 billion in 2021 (2020: €666 million). The ongoing positive development of polysilicon prices and the continued strong demand in WACKER’s chemical business are the reasons for the higher expectations. At the same time, however, higher raw-material prices and negative exchange-rate effects are likely to diminish EBITDA by more than €300 million. This has been factored into the current outlook.

“We are well on track at the mid-year point and we remain confident that 2021 could prove to be an excellent year for WACKER,” said CEO, Christian Hartel. “Our polysilicon business has been performing particularly well, fueled largely by the high quality of our product for both highly efficient solar cells and semiconductor applications, and by strong customer demand in a tight market.”

Swiss chemical giant Sika acquires Bexel Internacional

Swiss chemical giant Sika acquires Bexel Internacional

 

Sika acquires Bexel Internacional, a leading manufacturer of tile adhesives and stuccos in Mexico. The acquisition strengthens Sika’s position in the large, fast-growing Mexican mortar market and significantly extends its manufacturing footprint. In 2020, the acquired company generated sales of CHF 35 million.

Sika is a speciality chemicals company with a leading position in the development and production of systems and products for bonding, sealing, damping, reinforcing and protecting in the building sector and motor vehicle industry.

Bexel is a family-owned, well-run business that has successfully built up a strong position in the Mexican Building Finishing mortars market. The company enjoys an excellent reputation through its well-known brand and has a strong presence in the distribution channel, mostly focusing on home centres and builders’ merchants.

Bexel operates five strategically located production plants which perfectly complement Sika’s existing geographical footprint and further support the strategic focus on big cities. The new site serving Mexico City adds important production capacity, strengthening Sika’s position in this fast-growing metropolitan area. With the combined presence, Sika now has a nationwide manufacturing coverage for mortars that will enhance its ability to serve and supply customers with its products throughout the country.

The acquisition strengthens Sika’s Building Finishing portfolio and distribution network in Mexico, providing interesting cross-selling opportunities for complementary products such as sealants, adhesives, liquid applied membranes, and waterproofing products.

“Bexel perfectly complements our geographical footprint and our offering for the large Mexican Building Finishing mortars market. With our combined businesses and the improved market access, we have an excellent platform to further grow and strengthen our position in this market. We warmly welcome the Bexel employees to the Sika family and look forward to growing our business together,” says Christoph Ganz, Regional Manager Americas.

H.B. Fuller to launch a new facility in Egypt

H.B. Fuller to launch a new facility in Egypt

 

H.B. Fuller, a leading global adhesive manufacturer, announced recently a strategic investment to build a new facility in Cairo to support customers’ increased demand in the fast-growing markets of Egypt, Turkey, Middle East and Africa. The new factory will become a regional supply hub and a centre of excellence for manufacturing for adhesives serving the hygiene, packaging, labelling, paper converting and graphic arts, among other industries.

“Egypt has naturally become a main gateway to the region and with the new plant, we will extend our current leadership in Egypt and Turkey and grow our competitive position across the emerging markets of Middle East and Africa”, said Harsh Gupta, H.B. Fuller’s managing director for India, Middle East, and Africa. “Our expanded presence in Cairo, with a high-tech site designed with future growth in mind allows us to double our production capacity and advance our technologies. This investment represents our commitment to better serving our customer base in close proximity to where they operate, for example in the markets for hygiene and packaging.”

The world-class production facility will fulfil industry-leading sustainability standards. With a gross area of 37,000sqm in a two-story building, the planned site will be built at the well-equipped CPC Industrial Park, in the 6th of October industrial city in Cairo, which is considered a strategic location for manufacturing, and will commence full production in the last quarter of 2022.

H.B. Fuller has had a presence in Egypt since 2008, and this new strategic investment will allow them to grow and create new jobs opportunities in the region and offer improved quality, capacity to serve increased regional needs, excellent access to transportation and logistics advantages, and technical support to ensure a superior service that can help customers gain business value through their adhesive applications.

Recently, H.B. Fuller also has strengthened its adhesive business in Africa, with a robust commercial expansion in South Africa serving many of over the 30 market segments of the company’s portfolio. Across the globe, the company works with customers in more than 100 countries.

Bostik introduces a new line of polyurethane sealants for the construction sector

Bostik introduces a new line of polyurethane sealants for the construction sector

 

Bostik, the adhesive solutions division of Arkema, has implemented an ambitious development program strengthening its polyurethane (PU) sealants with a particular focus on sealing and bonding applications for the construction market. This new range of products enables Bostik to be well-positioned in this business driven by new construction in emerging countries and steady demand for higher quality solutions.

With state-of-the-art production facilities in Europe and the Asia Pacific region, and innovative technology, Bostik, a longstanding player on the PU market, is developing a new range of products meeting the requirements of both higher technical properties and sustainable performance such as low isocyanates and solvent-free formulations, bubble-free, and outstanding easiness to use for professional and occasional consumers.

This program aims to increase Bostik’s position in its targeted markets of construction in emerging countries.

Marc-Antoine Mallet, Sealing & Bonding Director at Bostik, said: “This ambitious program has helped us address the market’s growth expectations in terms of quality and sustainability for PU products. It also enables us to provide our customers with a unique mix of local presence and outstanding quality standards. Thanks to very positive feedback from the market, particularly in the EMEA region, we’re convinced that this is just the beginning of promising opportunities.”

The only dedicated Adhesives, Sealants & Bonding Expo for MEA region

The only dedicated Adhesives, Sealants & Bonding Expo for MEA region

 

Organised by Media Fusion and Crain, the Adhesives, Sealants and Bonding Expo is the only dedicated exhibition for this niche industry in the Middle East and Africa region. The trade show will take place from 26 – 28 October 2021 at Dubai World Trade Centre, running alongside Middle East Foam & Polyurethane Expo and Sleep Expo Middle East. The exhibitions are designed to deliver a comprehensive event under one roof, providing visitors with opportunities to network and source products, offering a diverse platform for professionals in the adhesives, sealants and bonding, foam & polyurethane, and sleep industries.

As the first dedicated expo and conference in the Middle East and Africa region, ASB Expo will bring together the best in the industry, highlighting the latest technology, products and solutions in the international adhesives, sealants and bonding sector, and offering a platform to discuss industry trends with manufactures from around the world. The three-day show targets industries such as automotive, construction, medical, packaging, electronics, aerospace & defence and other related segments.

Taher Patrawala, Managing Director at Media Fusion Exhibitions (MFX) said: “Considering the critical role adhesives, sealants and bonding solutions play in all major industries in the fast-developing MEA region, the only dedicated ASB Expo in the region will play a vital role in supporting the needs of companies across sectors. The event offers a great opportunity for ASB and related sectors to source the latest products and technologies, and also enables them to explore new business opportunities at the regional and international level.”

The Adhesives & Bonding Conference, which will be held alongside ASB Expo, will focus on the latest in smart and sustainable adhesives. The knowledge sharing platform will attract industry leaders from the international arena to discuss market trends, solutions, challenges, and opportunities in the sector, providing significant insights into issues that impact the industry. More information is available at: www.asbexpo.com

VDM Metals adopts Henkel’s nitric acid-free pickling process

VDM Metals adopts Henkel’s nitric acid-free pickling process

 


VDM Metals Group, a German manufacturer of nickel alloys and special stainless steels, has adopted Henkel’s nitric acid (HNO3) free Bonderite C-CP (“Cleanox”) pickling process for dedicated wire products. The Bonderite C-CP product range answers market requirements within the metals industry to significantly increase the sustainability value of their production processes, said Henkel. The Cleanox technology has already been in use in multiple industries globally, and is said to be suitable for all stainless steel grades and can be used in multiple applications. VDM Metals is using Henkel’s Cleanox technology to pickle rolled wire of high-alloyed materials in order to ensure the compliance with NOx limits.

“Customers such as VDM Metals have been benefiting from competitive production costs, whilst realising a significant contribution to both ecological improvement and production safety. Together with our chemical and electric pickling, paired with our equipment to automatically control and dose chemicals, we are able to offer a systematic package to customers who are focused on increasing their sustainability,” said Bjoern Lorenz, Sales Manager Metal Coil at Henkel for Western Europe.

There are challenges around common mixed acid pickling systems, due to the use of nitric acid. Henkel´s Bonderite C-CP overcomes various environmental and cost hurdles with the latest in its line of nitric acid-free cleaning technologies, as per the press statement. “Our adoption of Bonderite C-CP has allowed us to optimise the pickling process. Henkel´s advice on how to manage the process and optimise the consumption was the base of the flawless change from mixed acids to the Bonderite technology. The problem of nitrate loads has been clearly mitigated. Meanwhile the process works without any problem, the new pickling procedure is well established,” said Olaf Kazmierski, SVP of Production at VDM Metals.

The latest innovation in the Cleanox range is the deployment of acid recovery acid machines that make the technology even more cost effective and sustainable. This equipment is offered by Henkel to fulfill multiple purposes, but primarily to further reduce any sludge remaining in the production system, as well as for the recycling of used Bonderite C-CP products, according to the press release.

H.B. Fuller joins Amazon Packaging Support and Supplier Network

H.B. Fuller joins Amazon Packaging Support and Supplier Network

 


H.B. Fuller, the leading global adhesive company, announced it is now a certified member of the Amazon Packaging Support and Supplier (APASS) network.

“As a member of the APASS network, we will be able to use our broad market experience to help companies implement e-commerce solutions that utilise adhesives and tapes,” said Tania Montesi, e-commerce Business Development Manager. “We are committed to assisting customers in the creation of solutions that solve some of the biggest challenges in e-commerce packaging, including easy opening, closing and return applications. Our team offers innovative solutions in easy opening tapes, double-sided closing tapes, and end of line closing hot melt adhesives that make our APASS membership an important part of our growth in the e-commerce market.”

Amazon launched the APASS programme in 2018 to support vendors, sellers, and manufacturers in certifying their products as Prep-Free Packaging (PFP), Ships-in-Own Container (SIOC) and Frustration-Free Packaging (FFP). These certification guidelines for packaging reduce packing times, packaging waste, risk of damage, and difficult unboxing experiences. As a certified Amazon supplier, H.B. Fuller said it can support Amazon packaging suppliers qualify for all three tiers by meeting the APASS guidelines.

BASF Construction Chemicals business now forms MBCC Group

BASF Construction Chemicals business now forms MBCC Group

 


BASF recently closed the divestiture of its Construction Chemicals business to an affiliate of Lone Star, a global private equity firm. The purchase price on a cash and debt-free basis is €3.17 billion, as per the press release. The Construction Chemicals business now forms the newly founded MBCC Group, headquartered in Mannheim, Germany.

“Lone Star has been a professional partner in this transaction and is committed to the future success of the business,” said Saori Dubourg, member of the Board of Executive Directors of BASF SE. “We highly appreciate the tremendous efforts to realise the carve-out and close the deal in such a fast and decisive manner. We wish the Construction Chemicals team much success for the future.”

The divestment of the assets and liabilities of the Construction Chemicals business and the related disposal gain will be reflected in BASF’s financial reporting in the fourth quarter of 2020. Payments received in the context of the transaction until September 30 will be included in cash flows from investing activities in the Q3 2020 statement of cash flows, said the company. On December 21, 2019, BASF and an affiliate of Lone Star had signed a purchase agreement for the acquisition of BASF’s Construction Chemicals business. With around 7,500 employees, the Construction Chemicals business operates production sites and sales offices in more than 60 countries and generated sales of about €2.6 billion in 2019.