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Majority ownership of the company was acquired from the founders by Stuart Haines in 1961, and under his leadership, the company expanded its sales throughout North America and internationally to more than 23 countries.
According to Emerald, the office will house the company’s growing team for order fulfillment and technical service, focused on serving customers worldwide for products manufactured at Emerald’s operations in Europe.
The development center allows customers to create and test new TPU solutions without having to interrupt their own production facilities, BASF said.
This investment of approximately $90 million reportedly consolidates Arkema’s position as the second largest producer of acrylic acid in the region.
PPG scientists will also reportedly use the new lab to continue their development of next-generation coatings for lithium-ion battery cells, modules, and packs used in battery-electric and autonomous vehicles.
Arkema stated that this increase in capacity is driven by the continued strong growth in the lithium-ion battery market for electric vehicles and it is consistent with their strategy to supply its customers from plants located in the same region.
The transaction includes full ownership and operational control of both latex production facilities at Rheinmunster, as well as site infrastructure and services contracts, and approximately 108 employees who have transferred from Dow to Trinseo.
LCY Elastomers LP Appoints Azelis Americas CASE as Distributor for Globalprene® Thermoplastic Elastomers in the United States
Customers will now have access to LCY’s Globalprene® product line from all Azelis Americas CASE regions and be able to utilize the formulation expertise from Azelis CASE applications labs, the company reported.
The facility, which is currently being upgraded, is expected to host the production of all Axalta’s premium powder product ranges including the Matt (AE30 & SD30), Fine Textured (AE03 & SD03), and Semi-Gloss (AE70 & SD70) collections all designed for architectural applications.
Front-End Engineering Design (FEED) activities for a world-scale manufacturing facility based on this new technology are expected to start by the end of 2019.