One of the most stunning materials stories of 2007 has been the transfer of American plastics assets to oil powers in the Mideast. I’ve already written in detail about the acquisition of the iconic GE Plastics business by the Saudi Basic Industries Corp. Now comes Dow’s decision to sell half of key plastics businesses for $9.5 billion to the Kuwait Petroleum Corp. Covered were Dow’s ownership of these product groups: polyethylene, ethylenamines, ethanolamines, polypropylene, and polycarbonate. The assets will be owned by a company that will be established late next year in the United States. It will employ 5,000 people and generate about $11 billion in annual sales. Earlier this month, Dow announced plans to exit all non-automotive ABS business in the Americas. Dow divested other styrenics business and announced several other closings Dec. 4. "Today’s announcement reflects our commitment to prune businesses that are not delivering appropriate value and tackle tasks more efficiently across the entire organization … freeing up capital and resources that will be re- directed toward value-creating growth opportunities," said Andrew N. Liveris, Dow’s chairman and chief executive officer.
The moves by GE and Dow are not surprises. It may come as a surprise to users, but plastics assets have not yielded satisfactory returns on investment in recent years. GE’s corporate outlook is already looking better, and you can expect a healthier, trimmed-down Dow in 2008. It’s also not a surprise that Mideast oil powers are interested buyers of the more attractive assets. US-based properties are available at attractive prices because of the low value of the US dollar. Foreign economies are flush with dollars because of our ongoing trade deficit.
Is this bad news for the design engineering community? Decidedly not. GE Plastics made its public debut at K 2007 as Sabic Innovative Plastics. Key officials stayed on board and are talking enthusiastically about growth in several areas, including even photovoltaic cells. The plastics business had not been a favorable target as part of GE. Now it is. The Dow plastics business will benefit from an improved cost position with a significant Kuwait footprint.
A recent report sponsored by the American Chemistry Council (ACC) focuses on emerging gasification technologies for converting waste into energy and fuel on a large scale and saving it from the landfill. Some of that waste includes non-recycled plastic.
Capping a 30-year quest, GE Aviation has broken ground on the first high-volume factory for producing commercial jet engine components from ceramic matrix composites. The plant will produce high-pressure turbine shrouds for the LEAP Turbofan engine.
Seismic shifts in 3D printing materials include an optimization method that reduces the material needed to print an object by 85 percent, research designed to create new, stronger materials, and a new ASTM standard for their mechanical properties.
A recent study finds that 3D printing is both cheaper and greener than traditional factory-based mass manufacturing and distribution. At least, it's true for making consumer plastic products on open-source, low-cost RepRap printers.
For industrial control applications, or even a simple assembly line, that machine can go almost 24/7 without a break. But what happens when the task is a little more complex? That’s where the “smart” machine would come in. The smart machine is one that has some simple (or complex in some cases) processing capability to be able to adapt to changing conditions. Such machines are suited for a host of applications, including automotive, aerospace, defense, medical, computers and electronics, telecommunications, consumer goods, and so on. This discussion will examine what’s possible with smart machines, and what tradeoffs need to be made to implement such a solution.