Supplier News (June 01, 2005)
BASF sells Canadian polystyrene business...
BASF sells Canadian polystyrene business
BASF Corp. announced it is selling its polystyrene business in Canada and the United States to INEOS Americas, LLC, the North American subsidiary of INEOS, the international chemical company based in the UK. The sale, which is subject to approval, will include BASF’s PS production facility in Joliet, IL, and involve the transfer of approximately 140 employees to INEOS.
“The Joliet site is no longer consistent with BASF’s site integration strategy,” said Fred Baumgartner, global president of styrenics for BASF. “While we are committed to our remaining styrenics portfolio in North America, the sale of this business is another major step in our process of realigning the global styrenics business to ensure long-term profitable growth.”
The Joliet polystyrene facility has a total capacity of approximately 850 million lb/yr, and produces general-purpose polystyrene and high-impact polystyrene. BASF is the second-largest supplier of PS in the world, and was the fourth largest producer of PS in the United States.
Foam products producer sells division
Foamex International Inc., a manufacturer of flexible polyurethane and advanced polymer foam products in North America, has sold its rubber and felt carpet cushion businesses to Leggett & Platt, Inc. The sale includes the Cape Girardeau, MO rubber manufacturing facility and certain assets of the Newton, NC felt manufacturing plant, for approximately US$38.5 million. Foamex intends to use the proceeds of the transaction to pay down its debt. Foamex will continue to offer prime and rebond polyurethane carpet cushion and flooring underlay products through its Carpet Cushion division.
Commenting on the sale, Foamex president and CEO said the prime and rebond polyurethane segments of the carpet cushion market constitute 85% of the overall national market.
Fanuc Robotics America and Robotic Production Technology have announced a five-year agreement in which RPT has been re-appointed Fanuc’s exclusive distributor/market channel for all water-jet and non-metallic routing applications in the Americas.
Post Meridiem Plastics Ltd., (Windsor, ON) a supplier of fuel tank parts and engine intake manifolds for the automotive industry, recently received its TS16949 Certification through AQSR Registrars. All OEMs working with carmakers and their suppliers are required to certify to this specification.
Berg Chilling Systems Inc. has been registered to the ISO 9001 2000 quality standard, which emphasizes customer service and continuous improvement. Berg designs, manufactures, installs and services a full range of temperature control systems and industrial icemakers.
Flex Essentials Inc. (Caledon East, ON) has been appointed the Canadian representative of Polywest Americas, LLC. Polywest, based in Memphis, TN, is a supplier of lightweight sleeves for flexographic printing presses.
Terinex International Ltd., the plastic raw material and colorant supplier, has relocated its head office to 5338 Rte Harwood, Hudson, QC. The new office can be reached at 450-458-5591