News briefs: CT, February 2010

News from DSM, Gurit and AOC.

Related Suppliers

Royal DSM NV (Heerlen, The Netherlands) has acquired, for an undisclosed sum, full control of the PA6 polymerization facility of Nylon Polymer Company LLC (NPC, Augusta, Ga.). Beginning Jan. 1, this year, NPC was fully integrated into the activities of DSM Engineering Plastics (Sittard, The Netherlands). DSM considers full ownership of the facility an important step in its strategy to increase its geographical footprint, including expansion into South America. It also allows the company full integration in the PA6 chain, including caprolactam, polymer and compounded products, in North America. Last year, DSM opened its first PA6 polymerization plant in China, making it the only company to produce the entire PA6 chain in China.

Gurit (Wattwil, Switzerland) has acquired its composite engineering and materials competitor High Modulus (Auckland, New Zealand). The move combines Gurit’s SP-branded marine engineering and materials business with High Modulus’ B3 SmartPac materials kitting solution to create SP/HighModulus, a marine composite engineering and materials firm. With subsidiaries and offices in Australia, the U.K., the U.S. and Singapore, High Modulus employs more than 70 people worldwide. All of High Modulus’ management team and marine experts will join Gurit through the acquisition. The new entity subsequently announced the appointment of Navimo UK Ltd. (Hedge End, Southampton, U.K.) as a new distributor for SP/HighModulus branded products for the U.K. marine retail market.

AOC LLC (Collierville, Tenn.) announced a price increase for the United States and Canada: Polyester resins and gel coats were set to increase $0.06/lb (USD) or $0.14/kg (Canadian), and vinyl ester resins were set to increase $0.09/lb (USD) or $0.21/kg (Canadian), effective for all shipments on or after Jan. 30. Rising energy and feedstock prices have resulted in extraordinarily high raw material prices, says the company. Natural gas cost has steadily increased as bitterly cold weather grips the majority of the United States, and crude oil is trading at $80 per barrel. Across-the-board increases include styrene prices in excess of $0.10/lb due to ethylene, benzene and natural gas hikes.