The new face of the North American plastics industry is emerging as companies that are focused on plastics. One of the first large companies to divest its plastics portfolio was Monsanto back in 1997 when Solutia was created. Monsanto made a decision to focus on agricultural biotechnology. Solutia filed for bankruptcy in 2003 in the midst of a major manufacturing slowdown and emerged from bankruptcy early this year. The company believes it is now stronger and more competitive than at any time in its history, hopefully setting a positive tone for other plastics orphans. Solutia posted a first quarter profit of $1.4 billion, compared to a loss of $8 million for the same quarter in 2007 because of reorganization gains. Revenues were up 40 percent. What’s important from a design engineering perspective is that Solutia, a major nylon producer, is developing new products and expanding capacity. Vydyne GW350 was announced in April and is said to offer superior toughness and elongation. Solutia is also increasing nylon 66 capacity by 140,000 metric tons. Solutia’s plant in Pensacola, FL is the world’s largest integrated nylon manufacturing facility. Solutia operates five nylon-making plants in the U.S., while its sales to Asia are growing rapidly.
Several major companies have divested part or all of their plastics portfolios in recent years, ranging from GE Plastics and Dow to Bayer. When the spin-offs become standalone companies, such as Solutia, they may face trouble raising capital in tough credit markets, such as the one we face in 2008. In fact, Solutia had to file suit against three banks that had balked at providing the company with capital needed to exit bankruptcy. Solutia needed the funds for operations and won the lawsuit.
It’s important for companies like Solutia to survive and thrive, particularly when they are producing products with a limited supply base.
Inspired by the hooks a parasitic worm uses to penetrate its host's intestines, the Karp Lab has invented a flexible adhesive patch covered with microneedles that adheres well to wet, soft tissues, but doesn't cause damage when removed.
Researchers at the Missouri University of Science & Technology have designed a new nanoscale material that can transmit light faster than the 186,000 miles per second it usually takes to travel through air.
It has often been said that as California goes, so goes the nation. This spring, the state's wind power is setting energy generation records and solar energy generation is expected to rise sharply during the second half of 2013.
A quick look into the merger of two powerhouse 3D printing OEMs and the new leader in rapid prototyping solutions, Stratasys. The industrial revolution is now led by 3D printing and engineers are given the opportunity to fully maximize their design capabilities, reduce their time-to-market and functionally test prototypes cheaper, faster and easier. Bruce Bradshaw, Director of Marketing in North America, will explore the large product offering and variety of materials that will help CAD designers articulate their product design with actual, physical prototypes. This broadcast will dive deep into technical information including application specific stories from real world customers and their experiences with 3D printing. 3D Printing is