caemi buys cvrd's 80% stake in para pigmentos

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TiO 2 destined for use in sunscreen and cosmetics products. The new range will be known as the T-Lite range. Sakai will be responsible for production, while BASF will handle marketing for all countries except Japan. BASF claims to be the world’s largest supplier of sunscreen products, with a wide range of organic and inorganic UV-A and UV-B filters, which give the company considerable flexibility in the formulation of sunscreen agents for a variety of applications. SPC, Soap Perfumery and Cosmetics, Apr 2005, 78 (4), 6 BI Nutraceuticals to sell for PIVEG Pigmentos Vegetales del Centro (PIVEG, of Mexico) has appointed BI Nutraceuticals as its exclusive North American distributor for lutein and zeaxanthin pigments and antioxidants. Last year, PIVEG lost a patent infringement case relating to Kemin’s process for manufacturing purified lutein. (See ‘Focus on Pigments’, Sep 2004, 6). Chemical Market Reporter, 16 May 2005, (Website: http://www.chemicalmarketreporter.com) Caemi buys CVRD’s 80% stake in Para Pigmentos Cia Vale do Rio Doce (CVRD) has finalised the sale of its 80% stake in Para Pigmentos to the Caemi group. The transaction was valued at $118 M. This move is a key element in the consolidation of the Brazilian kaolin industry: Caemi now controls both Cadam and Para Pigmentos. Para Pigmentos was established in 1992 and began mining kaolin deposits near the Rio Capim in 1996. The ore is processed at a plant at Ipixuna and from there it is sent by pipeline in slurry form for loading at the port of Barcarena. Initial kaolin capacity at Ipixuna was 300,000 tonnes/y and this was doubled to 600,000 tonnes/y in the late 1990s. The long-standing objective is to increase kaolin capacity to 1 M tonnes/y. For 2004, Caemi reported total kaolin sales volume at 745,000 tonnes – an increase of 9% on the previous year. Cadam reported a 9% increase in its kaolin exports in 2004, but the tonnage figure was not disclosed. BNAmericas Mining News, 1 Apr 2005, (Business News Americas Ltda, Website: http://www.Bnamericas.com) DyStar & BASF announce job losses at Ludwigshafen Platinum Equity, the new owners of DyStar, indicated last Autumn that DyStar’s German workforce would be reduced from 1800 to 1000. (See ‘Focus on Pigments’, Dec 2004, 6). It is now clear that the sulfur dyes plant at the Fechenheim complex in Frankfurt will be closed altogether, with the loss of 450 jobs. A vat dyes plant will be closed at Ludwigshafen, with the loss of 270 jobs. Meanwhile, DyStar is building a new vat dyes plant at Nanjing, due on-stream in 2007/08. Another 80 DyStar jobs at Ludwigshafen and Leverkusen will be lost as a result of rationalisation of other facilities. The production of textile colorants for wool and nylon will effectively be transferred to Gabus (Indonesia) by 2005/06. Some logistical services will be transferred from German offices to DyStar’s Hungarian offices. DyStar has committed to retain certain German operations, at least for the time being – indigo dyes at Ludwigshafen; reactive dyes at Brunsbuttel; speciality dyes and toll manufacturing services at Leverkusen. DyStar’s German workforce was boosted slightly by the acquisition of the Rotta group towards the end of last year. Rotta produces chemical auxiliaries for the textile, leather and paper industries. BASF has also announced further cutbacks at Ludwigshafen, reducing its workforce here by just over 10% from 35,600 to 32,000 people. The company has pledged to keep employment at around this level until 2010. Back in 1990, about 58,000 people were employed at the Ludwigshafen complex. Speciality Chemicals, Jun 2005, 25 (6), 6 James Brown to sell for Heubach Heubach has appointed James M Brown as the exclusive agent and distributor for the UK for its entire pigment portfolio, including: the Tico range of bonded pigments, Heucotron chrome pigments, Heucodur mixed metal oxides, Heuco organic pigments and Heucophos anti-corrosive pigments. PPCJ, Polymers, Paint, Colour Journal, Feb 2005, 195 (4485), 10 Prince/Palladium buys American Minerals from Imerys Prince Mineral Co Inc, a portfolio company of Palladium Equity Partners II LP, has purchased from Imerys the entire business and assets of American Minerals Inc (AMI). Prince Mineral is a US-based producer of speciality mineral products with a particular focus on naturally occurring minerals used primarily in pigment applications. Its main products are iron and manganese minerals, which are used for colouring bricks and cement. The company operates four processing facilities strategically located in the US covering the Northeast, MidWest, and Southern markets. AMI was founded in 1960. It processes and trades in a number of different industrial minerals, including chrome, zircon, magnesite and iron pyrite from four locations. Primary applications include the foundry, glass, abrasives and refractory markets. Palladium was formed in 1997. It is led by an experienced team of investment professionals and currently has committed equity capital in excess of $500 M. Collectively, the Palladium management team has over 60 years of private equity experience and 35 years in the US Hispanic market. Since 1986, the principals have invested almost $1 bn of equity in 28 portfolio companies. Press release from: Palladium Equity Partners LLC, Rockefeller Center, 1270 Avenue of the Americas, Suite 2200, New York, NY 10020, USA, Tel: +1 212 218 5150, Website: http://www.palladiumequity.com (23 Mar 2005) Specialty Materials to represent UMC United Mineral & Chemical Corp (UMC, of Lyndhurst, NJ) is a substantial distributor of chemicals and pigments. It imports for resale to US customers: luminescent pigments made by Nemoto (of Japan), cadmium pigments made by James M Brown (of the UK), conventional zinc sulfide pigments and a wide range of JULY 2005 7 FOCUS ON PIGMENTS

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Page 1: Caemi buys CVRD's 80% stake in Para Pigmentos

TiO2 destined for use in sunscreenand cosmetics products. The newrange will be known as the T-Literange. Sakai will be responsible forproduction, while BASF will handlemarketing for all countries exceptJapan.

BASF claims to be the world’slargest supplier of sunscreenproducts, with a wide range of organicand inorganic UV-A and UV-B filters,which give the company considerableflexibility in the formulation ofsunscreen agents for a variety ofapplications.

SPC, Soap Perfumery and Cosmetics, Apr 2005, 78(4), 6

BI Nutraceuticals to sell for PIVEG

Pigmentos Vegetales del Centro(PIVEG, of Mexico) has appointed BINutraceuticals as its exclusive NorthAmerican distributor for lutein andzeaxanthin pigments andantioxidants. Last year, PIVEG lost apatent infringement case relating toKemin’s process for manufacturingpurified lutein. (See ‘Focus onPigments’, Sep 2004, 6).

Chemical Market Reporter, 16 May 2005, (Website:http://www.chemicalmarketreporter.com)

Caemi buys CVRD’s 80% stake in ParaPigmentos

Cia Vale do Rio Doce (CVRD) hasfinalised the sale of its 80% stake inPara Pigmentos to the Caemi group.The transaction was valued at $118M. This move is a key element in theconsolidation of the Brazilian kaolinindustry: Caemi now controls bothCadam and Para Pigmentos.

Para Pigmentos was established in1992 and began mining kaolindeposits near the Rio Capim in 1996.The ore is processed at a plant atIpixuna and from there it is sent bypipeline in slurry form for loading atthe port of Barcarena. Initial kaolincapacity at Ipixuna was 300,000tonnes/y and this was doubled to600,000 tonnes/y in the late 1990s.The long-standing objective is toincrease kaolin capacity to 1 Mtonnes/y.

For 2004, Caemi reported totalkaolin sales volume at 745,000tonnes – an increase of 9% on theprevious year. Cadam reported a 9%increase in its kaolin exports in 2004,

but the tonnage figure was notdisclosed.

BNAmericas Mining News, 1 Apr 2005, (BusinessNews Americas Ltda, Website:http://www.Bnamericas.com)

DyStar & BASF announce job losses atLudwigshafen

Platinum Equity, the new owners ofDyStar, indicated last Autumn thatDyStar’s German workforce would bereduced from 1800 to 1000. (See‘Focus on Pigments’, Dec 2004, 6). Itis now clear that the sulfur dyes plantat the Fechenheim complex inFrankfurt will be closed altogether,with the loss of 450 jobs. A vat dyesplant will be closed at Ludwigshafen,with the loss of 270 jobs. Meanwhile,DyStar is building a new vat dyesplant at Nanjing, due on-stream in2007/08. Another 80 DyStar jobs atLudwigshafen and Leverkusen will belost as a result of rationalisation ofother facilities. The production oftextile colorants for wool and nylonwill effectively be transferred to Gabus(Indonesia) by 2005/06. Somelogistical services will be transferredfrom German offices to DyStar’sHungarian offices.

DyStar has committed to retaincertain German operations, at leastfor the time being – indigo dyes atLudwigshafen; reactive dyes atBrunsbuttel; speciality dyes and tollmanufacturing services atLeverkusen. DyStar’s Germanworkforce was boosted slightly by theacquisition of the Rotta group towardsthe end of last year. Rotta produceschemical auxiliaries for the textile,leather and paper industries.

BASF has also announced furthercutbacks at Ludwigshafen, reducingits workforce here by just over 10%from 35,600 to 32,000 people. Thecompany has pledged to keepemployment at around this level until2010. Back in 1990, about 58,000people were employed at theLudwigshafen complex.

Speciality Chemicals, Jun 2005, 25 (6), 6

James Brown to sell for Heubach

Heubach has appointed James MBrown as the exclusive agent anddistributor for the UK for its entirepigment portfolio, including: the Ticorange of bonded pigments, Heucotron

chrome pigments, Heucodur mixedmetal oxides, Heuco organic pigmentsand Heucophos anti-corrosivepigments.

PPCJ, Polymers, Paint, Colour Journal, Feb 2005, 195(4485), 10

Prince/Palladium buys AmericanMinerals from Imerys

Prince Mineral Co Inc, a portfoliocompany of Palladium Equity PartnersII LP, has purchased from Imerys theentire business and assets ofAmerican Minerals Inc (AMI). PrinceMineral is a US-based producer ofspeciality mineral products with aparticular focus on naturally occurringminerals used primarily in pigmentapplications. Its main products areiron and manganese minerals, whichare used for colouring bricks andcement. The company operates fourprocessing facilities strategicallylocated in the US covering theNortheast, MidWest, and Southernmarkets.

AMI was founded in 1960. Itprocesses and trades in a number ofdifferent industrial minerals, includingchrome, zircon, magnesite and ironpyrite from four locations. Primaryapplications include the foundry,glass, abrasives and refractorymarkets.

Palladium was formed in 1997. It isled by an experienced team ofinvestment professionals andcurrently has committed equity capitalin excess of $500 M. Collectively, thePalladium management team hasover 60 years of private equityexperience and 35 years in the USHispanic market. Since 1986, theprincipals have invested almost $1 bnof equity in 28 portfolio companies.

Press release from: Palladium Equity Partners LLC,Rockefeller Center, 1270 Avenue of the Americas,Suite 2200, New York, NY 10020, USA, Tel: +1 212218 5150, Website: http://www.palladiumequity.com(23 Mar 2005)

Specialty Materials to represent UMC

United Mineral & Chemical Corp(UMC, of Lyndhurst, NJ) is asubstantial distributor of chemicalsand pigments. It imports for resale toUS customers: luminescent pigmentsmade by Nemoto (of Japan),cadmium pigments made by James MBrown (of the UK), conventional zincsulfide pigments and a wide range of

JULY 2005 7

F O C U S O N P I G M E N T S