Industry News

Find out the latest news from our member companies and affiliated organizations.

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IGM Resins appoints Wilfrid Gambade as CEO

IGM Resins has appointed Wilfrid Gambade as CEO, effective January 1. Mr. Gambade, based in IGM’s headquarters in Waalwijk, the Netherlands, leads IGM Resins’ Global Executive Leadership team and succeeds Edward Frindt as CEO. Mr. Frindt joined the company in 2012 and will retire from IGM after Q1.

Perstorp Group granted unique RCF backed by the Swedish Export Credit Agency (EKN)

Perstorp, a global leader in the specialty chemicals market with a focus on polyols & solutions, advanced chemicals and animal nutrition, has been granted a liquidity enhancing Revolving Credit Facility of SEK 600 m.

IGM Resins successfully produces first batch of photoinitiator in Anqing

IGM Resins is proud to announce that on November 23rd 2020, precisely 13 months after the formal groundbreaking ceremony, the first batch of photoinitiator was successfully produced at IGM Technology & Development Co., Ltd in Anqing, China.

Perstorp plan to reduce carbon emission with half million tons by producing sustainable methanol

Perstorp, a global leader in the specialty chemicals market, has developed a production concept to produce methanol from a large variety of recovered end-of-life streams and hydrogen from electrolysis. Project AIR will build a first-of-a-kind, large scale, commercial Carbon Capture and Utilization (CCU) unit to produce sustainable methanol.

IGM Resins appoints key team member for North American leadership

IGM Resins has appointed Andre Berry as Vice President North America and Melissa Lutz has stepped down from her North American leadership role, effective September 14. Berry is part of IGM Resins’ Global Executive Leadership team and will report to Edward Frindt, IGM Resins’ CEO.

ALTANA expands its portfolio in industrial 3D printing with strategic acquisitions

The specialty chemicals group ALTANA is acquiring the business of TLS Technik GmbH & Co. Spezialpulver KG, an internationally leading manufacturer of metal powders for 3D printing, and thus strategically expanding its ECKART division. “By acquiring the TLS business, we are expanding our portfolio in 3D printing for industrial additive manufacturing and positioning ourselves in a technology market of the future,” says Martin Babilas, CEO of ALTANA AG. “With this step we are continuing to implement ALTANA's strategy of generating value-creating growth through targeted acquisitions, even in difficult economic times.”

New BYK products win Ringier award

BYK-3480 and BYK-3481, both of which have perfect properties for significantly reducing static surface tension and defoaming in water-based systems, were recently honored by Ringier with the “Ringier Technology Innovation Award 2020” in the “Coatings Industry” category.

ALTANA’s half-year results

After a positive start to the year, in the first half of 2020 the specialty chemicals group ALTANA recorded an overall sales decline of nearly 7 percent to EUR 1,078 million in the wake of the coronavirus pandemic. This was primarily due to the strong decrease in demand in various industrial areas, above all the automotive sector. By contrast, consumer-related business segments such as PVC-free seals for conserved foods continued their growth trend.

Perstorp Group has appointed Ulf Berghult as new CFO

Ulf Berghult has been appointed new CFO at Perstorp Holding AB as of mid-February. Ulf is a senior executive with a very solid background, most recently he comes from the position as CFO at Trelleborg, a position he has held since 2012. Previous experience includes similar positions at companies like Thule Group, Dometic and Oriflame.

Retirement Andrew Chambers. IGM Resins promotes and appoints key team members to strengthen Photoinitiator leadership

Andrew Chambers will retire July 1st 2020 and will step down from his Executive position as Vice President Photoinitiators. Chambers will remain in an advisory role to the company after his official retirement.