caemi buys cvrd's 80% stake in para pigmentos
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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
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