A major new player in global engineering plastics was officially launched today following the purchase of GE Plastics by the Saudi Basic Industries Corp. (SABIC). The name for the new entity is SABIC Innovative Plastics, reflecting GE Plastics’ long-standing role in developing not only new plastics, such as polycarbonate, but whole new application categories, particularly in automotive. The only potential problem was the stiffening of credit markets, but SABIC has a solid credit foundation, reaffirmed by Fitch Ratings service two days ago. The official announcement contained no news or surprises. Brian Gladden, who had been general manager of the Lexan brand, takes over as CEO of the company.
SABIC Innovative Plastics employs 11,000 and is a leading manufacturer and compounder of polycarbonate, ABS, ASA, PPE, PC/ABS, PBT and PEI resins. A few issues had to be ironed out before the completion of the deal:
GE Plastics acquired the entire equity of MCI and Nagase in their Japanese joint venture.
GE Plastics also bought out the equity position of Bayer MaterialsScience in Exatec, which develops protective coatings for the polycarbonate automotive glazing market. BMS will continue to develop glazing applications independently.
The two moves, completed this month, are an early sign that SABIC will be an investor in the plastics business. SABIC has already purchased the assets of DSM’s and Huntsman’s petrochemicals businesses in Europe. The GE Plastics move represents a major move into the engineering plastics area. Previously, its assets had been heavily focused on volume plastics, which are generally sold more on price than engineering features.
To give engineers a better idea of the range of resins and polymers available as alternatives to other materials, this Technology Roundup presents several articles on engineering plastics that can do the job.
The first photos made with a 3D-printed telescope are here and they're not as fuzzy as you might expect. A team from the University of Sheffield beat NASA to the goal. The photos of the Moon were made with a reflecting telescope that cost the research team £100 to make (about $161 US).
A tiny humanoid robot has safely piloted a small plane all the way from cold start to takeoff, landing and coming to a full stop on the plane's designated runway. Yes, it happened in a pilot training simulation -- but the research team isn't far away from doing it in the real world.
Some in the US have welcomed 3D printing for boosting local economies and bringing some offshored manufacturing back onshore. Meanwhile, China is wielding its power of numbers, and its very different relationships between government, education, and industry, to kickstart a homegrown industry.
You can find out practically everything you need to know about engineering plastics as alternatives to other materials at the 2014 IAPD Plastics Expo. Admission is free for engineers, designers, specifiers, and OEMs, as well as students and faculty.
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