{"id":36449,"date":"2020-04-07T15:47:24","date_gmt":"2020-04-07T12:47:24","guid":{"rendered":"http:\/\/www.textilegence.com\/?p=36449"},"modified":"2020-07-14T16:34:56","modified_gmt":"2020-07-14T13:34:56","slug":"textile-auxilliary-materials-news","status":"publish","type":"post","link":"https:\/\/www.textilegence.com\/en\/textile-auxilliary-materials-news\/","title":{"rendered":"Clariant sells Masterbatches business unit to PolyOne"},"content":{"rendered":"

Special chemicals and auxilliary materials manufacturer Clariant completed the sales of the entire Masterbatches business unit to PolyOne for approximately 1.6 billion dollars. The sale includes Clariant’s global Masterbatches business unit and the Masterbatches business unit in India. Hariolf Kottmann, Clariant\u2019s Executive Chairman, said that with this sales process, Clariant takes another significant step towards becoming a pure-play specialty chemical company.<\/p>\n

Kottmann continued saying; \u201cBy focusing on its three core Business Areas Care Chemicals, Catalysis and Natural Resource, Clariant intends to deliver above-market growth, higher profitability and stronger cash generation. Having successfully sold Masterbatches and Healthcare Packaging, our target is now to progress with the divestment of our Pigments business\u201d.<\/p>\n

As a consequence of the completed divestment of the Masterbatches business, as well as the anticipated divestment of the Pigments business, Clariant will now proceed as soon as practicable with an extraordinary cash distribution of CHF 3.00 per share to its shareholders. Remaining net proceeds from the intended divestments will be used to invest in innovations and technological applications within the core Business Areas and to strengthen Clariant\u2019s balance sheet.<\/p>\n

Avient is the new name<\/strong><\/h2>\n

Producing colour and additive concentrates for plastics, Masterbatches has experience in adding colour and functionality to synthetic fibres. brilliant colourful solutions are offered in carpets, clothing, automotive interiors, nonwovens and artificial turf. With additive products, durability, UV stability, flame-retardancy, antibacterial and many other performance properties can be achieved. Masterbatches became part of PolyOne after the sale and got the name Avient. Avient will help customers to build a better world with an expanded portfolio of polymer colorant and additive solutions.<\/p>\n

\"Auxilliary
Auxilliary materials news: Clariant sells Masterbatches business unit to PolyOne<\/figcaption><\/figure>\n

Profitable investments need profitable systems<\/strong><\/h2>\n

Professionals in the textile<\/a> industry are looking for investments that will increase their capacity and profitability with auxilliary materials and technology-oriented solutions. Investment decisions should be made after the discussion of capital expenditure vs. operational expenditure. A comprehensive assessment of all aspects leads to the most profitable investment. Sivakumar Narayanan, Executive Vice President within Uster Technologies talks about operational costs and practical savings for spinners. With a view to the daily reality in a mill he outlines the \u2018big picture\u2019 needed for secure investments.<\/p>\n

Nowadays, yarn producers in Turkey have a quality-oriented mind-set and understand the benefits of customer satisfaction. However, there is a need to achieve a balance between managing the challenges related to a low demand cycle, such as capital, retaining personnel and preparing for an imminent potential upswing. When market conditions are tough, quality often becomes a key purchase criterion because customers can choose from many suppliers. Our customers are trying hard to manage short-term needs, while somehow preparing for longer-term sustainability.<\/p>\n

Profitable investments need profitable systems<\/a><\/p><\/blockquote>\n