At the same time, PP shipments to the Russian market totalled 1,494.280 tonnes, up by 21% year on year. Shipments of all grades of ethylene polymers increased. The collaboration marks another milestone in Dow’s ongoing mission to protect the climate and close the loop on plastic waste.Īccording to MRC's ScanPlast report, Russia's estimated PE consumption totalled 2,487,450 tonnes in 2021, up by 13% year on year. Collectively, Dow's investments will result in approximately 70% global capacity growth for Dow and its customers since 2020.ĭow's versatile alkoxylation assets upgrade basic materials science building blocks to produce safe and sustainable ingredients for cosmetics, household and industrial cleaning, home and personal care, crop defense, oil and gas, pharmaceuticals, paints and many other products for everyday use in a number of product lines, including TERGITOL, UCON, ECOSURF, and CARBOWAX SENTRY.Īs MRC informed before, earlier this month, Dow and Plastogaz SA announced a strategic investment which will help simplify the process of converting plastic waste to feedstock and provide another carbon-efficient option to keep plastic waste out of landfills and the environment. In total, these and other efficiency projects are expected to generate more than USD150 million in run-rate EBITDA by 2025, with returns greater than 20%. This announcement builds on the company's alkoxylation capacity expansions announced in 2018 in Louisiana and in 2019 in Spain, which are both on track to come online this year. These investments in the US and Europe are backed by supply agreements with customers, including leading consumer brands, and expected to come online in 20, respectively. The faster-payback, higher return investments announced today will increase Dow's capacity, while maintaining current carbon emissions levels through the use of efficient technologies and site improvements. MOSCOW ( MRC) - Dow has announced plans to expand its global alkoxylation capacity in the US and Europe to meet increasing demand across a wide range of fast-growing end-markets where the company is delivering 10% to 15% annual growth rates, from home and personal care to industrial and institutional cleaning solutions and pharmaceuticals, according to CISION. The UK project is the newest in a series of facilities launched by the company intended to advance its product development. The new centre will house 120 specialists and will serve as a major facility within the firm's global R&D network and help to further advance its innovation capabilities, specifically in the decorative paints area. What remains of its operations in the country will be locally operated, according to AkzoNobel chief Thierry Vanlancker.Īlso, AkzoNobel has launched a new GBP 10 M global research and development (R&D) facility at its site in Slough, UK. The company has suspended the bulk of its business in the country in the wake of the Russia-Ukraine war and ensuing EU sanctions. The deal was first announced in June 2021.ĪkzoNobel expects that its revenues from Russia will drop around 70% from the €210m generated in the country last year in 2022. The Pintuco portfolio consists of 75% decorative paints and 25% coatings, offering a range of products across 10 countries, thereby "creating several opportunities for revenue synergies”, AkzoNobel said. The deal includes the company’s Pintuco paints and coatings subsidiary, resins business Andercol and Poliquim, and distributor Mundial. Grupo Orbis has consolidated revenue of around EUR360m, with presence in 10 countries in Central America, South America and the Antilles, according to the statement by AkzoNobel. MOSCOW ( MRC) - AkzoNobel has completed the acquisition of Colombia-based coatings producer Grupo Orbis for an undisclosed fee, the Netherlands-headquartered firm said.
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