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On 5 January 2021, Perstorp Group announced that it has been granted a liquidity enhancing Revolving Credit Facility (RCF) of SEK 600 million (~EUR 59.5 million). According to Perstorp, the group has grown steadily over the last few years and has ambitious plans for the future. This RCF will support the company in its development, will protect it from the current market environment and will provide liquidity to capture growth opportunities once conditions improve, said Perstorp.

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The management of the Hennecke Group (f.l.t.r.): Rolf Trippler (CSO), Thomas Wildt (CEO) and Christian Kleinjung (CFO) (Source: Hennecke)

Christian Kleinjung has been appointed as new Chief Financial Officer (CFO) of the Hennecke Group. Previously, Kleinjung worked as CEO at an international machine tool manufacturer. The business graduate began his professional career as a consultant at a renowned auditing firm and then took on various national and international top management roles in medium-sized industrial companies. He was responsible – also in his role as CFO – for the finance and supply chain management departments, and gained significant international experience, particularly in Asia and the Middle East.

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Solvay announced that it has entered into exclusive negotiations with Composites One LLC for the sale of its Process Materials (PM) business. According to the company, the transaction remains subject to prior information and consultation procedures with the employees and approval by the relevant regulatory authorities. Closing of the transaction is expected in Q1 2021.

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Dr. Melanie Maas-Brunner (Source: BASF)

Dr. Melanie Maas-Brunner has been appointed as a member of the Board of Executive Directors of BASF SE, effective from 1 February 2021. Maas-Brunner has been with the company since 1997 and has headed BASF’s Nutrition & Health division since 2017. In her new role, she will also take over the position as Chief Technology Officer from Dr. Martin Brudermüller, Chairman of the Board of Executive Directors of BASF. She will assume responsibility for the three research divisions Advanced Materials & Systems Research, Bioscience Research, Process Research & Chemical Engineering as well as BASF New Business at that time. Dr. Kurt Bock, Chairman of the Supervisory Board of BASF SE, said: “With Melanie Maas-Brunner, we have appointed a very experienced chemist and strong leader to the Board. During her career at BASF to date, she has successfully set up business areas for the future – with global responsibility as well as in the Asia region.”

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The in-person components of NPE2021: The Plastics Show, scheduled for 17 – 21 May 2021 in Orlando, FL, USA, have been cancelled. (Picture: Exhibition area at NPE2018; Source: Plastics Industry Association)

On 5 January 2021, the Plastics Industry Association (Plastics), producers of NPE: The Plastics Show, announced that the in-person components of NPE2021, scheduled for 17 – 21 May 2021 in Orlando, FL, USA, have been cancelled. The association has published a statement which is quoted below in its original wording:

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Founded in 2007, FRX Polymers operates a pilot plant at its headquarters in Chelmsford, MS, USA, and a full-scale commercial plant in Antwerp, Belgium. (Source: FRX Polymers)

FRX Polymers Inc. announced the development of Nofia W2000 EX water-based dispersions for use in the production of low volatile organic compound (VOC) water-based textile coatings including synthetic leathers for automotive interiors, home furnishing, tents and tarpaulins, and fire-proof applications. Nofia W2000 EX is said to enable these products to meet the most stringent fire safety standards while addressing the unmet need for a robust halogen-free FR solution for water-based coatings.

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The flexible foam polyurethane industry has been pummeled not only by Corona this year, but also by shortages of raw materials. We talked with some foam producers about their growing concerns and what they would like to see from raw material producers to reduce the risk of disruption.

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On 22 September 2020, the ZEBRA (Zero wastE Blade ReseArch) consortium was launched. Led by IRT Jules Verne, it brings together leading players and technical centres around an ambitious project addressing the design and production of the first 100 % recyclable wind turbine blade. Alongside Canoe, Engie, LM Wind Power, Owens Corning and Suez, Arkema is contributing to the development of environmentally friendly and sustainable solutions for wind power with its high performance materials.

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At next year’s NPE2021: The Plastics Show, the Plastics Industry Association (Plastics) will present its inaugural William R. Carteaux Leadership Award to an industry professional who has achieved distinction working for the betterment of the plastics industry.

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Dryflex HiF TPE skin and PP carrier backfoamed with polyurethane (Source: Hexpol TPE)

Dryflex HiF is a family of very high melt-flow and scratch resistant TPS-SEBS materials recently launched by Hexpol TPE. The grades open possibilities to produce large scale parts via injection moulding, including automotive interior surfaces, trims and skins.

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