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SKY

Beads

SKY

by Zhengzhou Sky Universe Trade CO.,LTD
SKY

Beads

SKY

by Zhengzhou Sky Universe Trade CO.,LTD
SKY

Beads

SKY

by Zhengzhou Sky Universe Trade CO.,LTD
SURFADOL

Surfactant

SURFADOL

by CHONGQING ACME TECH. CO., LTD
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Clariant to sell Masterbatch business to PolyOne!
Muttenz, December 19, 2019 Clariant, a focused and innovative specialty chemical company, has agreed... to sell its entire Masterbatches business to PolyOne. The transaction values the Masterbatches business at USD 1,560 million, representing c. 12.2 times the last twelve months reported EBITDA (ending September 2019) on a cash and debt free basis. This amount is payable at closing, which is expected by Q3 2020. “This announcement is a significant milestone on our path to focussing on businesses with above-market growth, higher profitability and stronger cash generation. After the successful divestment of Healthcare Packaging in October 2019 the agreement to sell Masterbatches is an important step in delivering on our strategy defined in 2015 to concentrate on our three core Business Areas Care Chemicals, Catalysis and Natural Resources”, said Hariolf Kottmann, Executive Chairman of Clariant. “As announced, we are confident that we will execute the remaining divestment of our Pigments business in 2020 in order to build the new, more focused and stronger Clariant by 2021,” he added. As previously communicated, the proceeds from the intended divestments of Clariant’s non-core businesses will be used to invest in innovations and technological applications within the core Business Areas, to strengthen Clariant’s balance sheet and to return capital to shareholders. As a consequence of the divestment of the Masterbatches business, as well as the anticipated divestment of the Pigments business by the end of 2020, Clariant’s Board of Directors is proposing an extraordinary cash distribution of CHF 3.00 per share to the Clariant Annual General Meeting to be held on March 30, 2020. Subject to a positive vote of Clariant’s shareholders, the extraordinary distribution of approx. CHF 1 billion will be paid ....( Continue reading on link below)
PPG and Lomon Billions Extend and Expand Titanium-Dioxide Supply Relationship
PITTSBURGH--(BUSINESS WIRE)-- PPG (NYSE:PPG) and Lomon Billions today announced an expanded, multi-y...ear titanium-dioxide (TiO2) supply agreement. Under the agreement, Lomon Billions will supply additional quantities of chloride- and sulfate-based TiO2 to PPG from Lomon Billions’ existing manufacturing capacity. In addition, PPG has committed to purchasing additional supplies of chloride-based TiO2 from new manufacturing capacity that is currently being constructed by Lomon Billions and is expected to be on line in 2019. Lomon Billions is one of the world’s leading TiO2 suppliers. Commercial terms of the agreement were not disclosed. “Over the past six years, Lomon Billions has been an excellent partner as the company has become the fourth largest global supplier of TiO2,” said Tim Knavish, PPG senior vice president, who oversees PPG’s global supply management function. “This multi-year expansion of our supply agreement is a reflection of our continued confidence in the growing capability of Lomon Billions and their commitment to make ongoing investments in additional TiO2 manufacturing capacity. We look forward to continuing our work with Lomon Billions.” “As Lomon Billions continues its growth through investing in innovative manufacturing of chloride- and sulfate-based TiO2, PPG has been one of our most important partners,” said Ruiqing Tan, Vice Chairman of Lomon Billions, who oversees the company’s supply and sales functions. “This multi-year expansion agreement will create additional value for both companies. We look forward to continuing our partnership with PPG.” TiO2 is an important raw material widely used by PPG and other paint and coatings manufacturers as a pigment to provide hiding, durability and whiteness characteristics. About Lomon Billions Lomon Billions is an established and dynamic titanium dioxide (TiO2) pigment manufacturing business with a strong and expanding global presence. The company manufactures high-performance TiO2 pigment using both the chloride and sulfate process. Its prominent LOMON® and BILLIONS® pigment brands are recognized worldwide. It currently has a total annual production capacity of over...(Reading continues on Link below)
AkzoNobel wraps up Mapaero deal to strengthen aerospace coatings business
Akzo Nobel N.V. has completed the acquisition of French aerospace coatings manufacturer Mapaero, whi...ch was first announced in July. The deal will strengthen AkzoNobel’s global position in aerospace coatings, notably in the structural and cabin coating sub-segments. Combining the world-class product ranges from both companies will also enable AkzoNobel to provide customers with a much wider portfolio of innovative and sustainable solutions – as well as contributing directly to its Winning together: 15 by 20 strategy. Established in 1992 and specializing in sustainable water-based and advanced eco-friendly products, Mapaero operates a production facility in France and has around 140 ( Article continues on link below)
Tronox earnings drop YOY on acquisition charges, lower TiO2 prices
Titanium dioxide (TiO2) producer Tronox (Stamford, Connecticut) has reported a third-quarter net los...s from continuing operations of $12 million, down from profit of $15 million in the year-ago period, mainly on costs related to the April 2019 acquisition of Cristal TiO2, but also reflecting lower zircon sales volumes, lower TiO2 selling prices, and currency exchange effects. Revenue totaled $768 million, down 8% year-over-year (YOY) on a pro-forma basis from $822 million. Adjusted earnings per share came to $0.21, up from $0.17 in the year-ago period and ahead of the average analyst estimate of $0.15 as compiled by Refinitiv (New York). "Our third quarter performance clearly demonstrated the inherent stability and resilience of our vertically integrated global footprint in a challenging global macro-economic environment,” says Jeffry Quinn, chairman and CEO. TiO2 pigment sales declined 4% YOY to $603 million, says Tronox; sales volumes increased 3%, but selling prices declined 7% on a US dollar basis. Zircon sales declined 35% YOY to $68 million. Selling prices dropped 4%, and sales volumes dropped 32% on softer market conditions, primarily in China. Feedstock and other products sales increased 9% YOY to $97 million on higher chloride-process slag sales. Adjusted EBITDA declined 14% YOY to $184 million on lower zircon sales volumes, lower TiO2 selling prices, unfavorable translation of the Euro, and higher operating costs due to production downtime. "Through the end of the third quarter, we have delivered total synergies of $45 million since closing the Cristal TiO2 acquisition,” says Quinn. “We are raising our target for total synergies in 2019 to $65 million. Our Adjusted EBITDA margin of...(Article continues on link below)
PPG Q3 sales slightly up, profit down
 
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