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.
Instead of sifting through huge amounts of technical data looking for answers to assembly problems, engineers can now benefit from 3M's new initiative -- 3M Assembly Solutions. The company has organized its wealth of adhesive and tape solutions into six typical application areas, making it easier to find the best products to solve their real-world assembly and bonding problems.
Many of the materials in this slideshow are resins or elastomers, plus reinforced materials, styrenics, and PLA masterbatches. Applications range from automotive and aerospace to industrial, consumer electronics and wearables, consumer goods, medical and healthcare, as well as sporting goods, and materials for protecting food and beverages.
Engineers trying to keep track of the ever-ballooning number of materials and machines for additive manufacturing and 3D printing now have some relief: a free searchable database with more than 350 machines and 450 different materials.
At JEC Europe Dow Automotive introduced a new ultra-fast, under-60-second molding cycle time for its commercial-grade VORAFORCE 5300 epoxy resin matrix for carbon composites. It's aimed at high-volume automotive manufacturing.
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.