Ausimont completes NJ fluoroelastomer plant. (Acquisitions, Expansions).
The investment of 20 million Euros in the expansion of rubber production at the La Wantzenau site in France, which Bayer AG announced in 1999, is now complete. This project has involved the modernization of production facilities for emulsion rubber such as the NBR grades Perbunan and Krynac (acrylonitrile-butadiene rubber), and a simultaneous increase in capacity from 120,000 to 185,000 metric tons.
Crompton, Greenwich, CT, announced the expansion of its OSi Specialties business in the People's Republic of China to produce and market organofunctional silanes used in coatings, adhesives, sealants, fiberglass, rubber and electronics applications. Crompton has formed a joint venture with Nanjing Shuguang General Chemical, the largest producer of silanes in the PRC. Crompton is a majority shareholder in the joint venture, Nanjing Crompton Shuguang Organosilicon Specialties Ltd., which will produce a wide range of products for the growing organofunctional silanes market in China and for export.
To further support customer profitability, Davis-Standard plans to create a 24-7 extrusion support center based at its primary facility in Pawcatuck, CT. The center will provide customers worldwide with a fully staffed, in-house resource offering professional advice, immediate parts shipment and service personnel travel scheduling around-the-clock. Davis-Standard has sold the rights to its Versa product range to Jeda Equipment Services of Indianapolis, IN. Versa products consist of a range of pullers and cutters for tube extrusion. Jeda has been a long time sales representative of Davis-Standard and will operate the business trader the Versa name.
Sumitomo Rubber Industries Ltd. said the company will form two tire production subsidiaries in China. The company will hold 95% stakes in each subsidiary. Sumirubber (Changshu) Ltd. will be set up with a total capital of $29.8 million, and Sumirubber (Suzhou) Ltd. will be capitalized at $28 million. The firms will start tire production in December 2004.
Park-Ohio Industries announced the establishment of an independent polymer technical center, Rubber and Plastics Technologies, located in Schiller Park, IL. The operation's initial laboratory capabilities profile will include analytical services such as material characterization in both quantitative and qualitative methods, rubber processing characterization via the rubber process analyzer, physical property characterization and hi-pot testing. The faculty also offers consulting services.
Goodyear Tire and Rubber, Akron, OH, has established an Asian regional office in Malaysia as part of its strategy in preparation for the Asian Free Trade Area agreement which takes effect next year. Goodyear has also approved plans for a major modernization of the company's tire factory in Topeka, KS. An upgrade of equipment and processes in Topeka will begin in the fourth quarter, continuing over five years, and could exceed $100 million.
C.P. Hall has opened a customer briefing center, located at its manufacturing and technical center in Bedford Park, IL.
Bridgestone/Firestone North America Tire, LLC, Nashville, TN, officially began work to centralize its tire distribution capabilities in Tennessee. BFNT and Panattoni Development, a developer of industrial build-to-suit projects, broke ground in Lebanon, TN, on a 750,000 sq. ft. facility, which will be leased by the tire manufacturer from Panattoni and used as a new distribution center.
Septon Company of America, Pasadena, TX, a producer of hydrogenated styrenic block copolymers (HSBC) used by formulators and compounders of TPEs, announced the startup of its styrenic elastomers plant. The $70 million facility will provide compounders and formulators with domestically sourced polymers, and will be capable of producing 12,000 metric tons (26 million pounds) of elastomers annually.
Noveon, Cleveland, OH, will begin an expansion project to increase production of aromatic chemicals at its manufacturing facility in Kalema, WA.
Freeman, Erlanger, KY, announced the purchase of Herman Schwabe of Brooklyn, NY, to complement Freeman's own line of presses. Both companies supply equipment to die cut rubber and plastic goods. At the same time, Freeman has formed a strategic partnership with a Taiwanese company for the manufacture of cutting presses for both the Schwabe and Freeman ranges.
Dichtomatik North America, a wholly-owned subsidiary of Freudenberg-NOK, has broadened its range of sealing products and enhanced its capabilities with the acquisition of Burnsville, MN-based Transcom, and San Luis Obispo, CA-based Nu-Seals. Terms of the agreements were not disclosed.
Takeda Chemical Industries has agreed to sell its latex synthetic rubber businesses to Nippon A&L as of October 1. Nippon A&L is a joint venture between Sumitomo Chemical and Mistui Chemical. The latex operations generated 2.5 billion yen in sales last fiscal year.
Lord, Cary, NC, announced the opening of its European Technology Center in Strasbourg, France. This facility is said to enhance Lord's capability to provide its European customers with localized custom diagnostic, testing, simulation, modeling and design services for both aerospace and industrial applications. The facility will feature a complete engineering and research and development environment, including state-of-the-art computer aided engineering (CAE) and computer aided design (CAD) capabilities, as well as dynamics diagnostic and testing equipment, and a laboratory.
Vesta, Franklin, WI, a supplier of silicone products for the medical device industry, has increased its molding capacity as part of a total expansion of its manufacturing facility in Franklin. The expansion gives Vesta space for more injection molding machines and secondary operations. The added molding capacity is part of a 30,000 sq. ft. expansion.