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.
A make-your-own Star Wars Sith Lightsaber hilt is heftier and better-looking than most others out there, according to its maker, Sean Charlesworth. You can 3D print it from free source files, and there's even a hardware kit available -- not free -- so you can build one just in time for Halloween.
Some next-generation bio-based materials are superior in performance to their petro-based counterparts, but also face some commercial challenges. This is especially true of certain biopolymers, adhesives, coatings, and advanced materials.
Cars and other vehicles, as well as electronics and medical devices, continue to lead the use cases for the new plastics products we've been seeing, as engineers design products for tougher environments.
LeMond Composites, founded by three-time Tour de France cycling champion Greg LeMond, is the first to license a new carbon fiber production method invented by Oak Ridge National Laboratory (ORNL) that's faster, cheaper, and greener.
Focus on Fundamentals consists of 45-minute on-line classes that cover a host of technologies.
You learn without leaving the comfort of your desk. All classes are taught by subject-matter experts and all are archived.
So if you can't attend live, attend at your convenience.