Coatings World - March 2014

March 2014 www.coatingsworld.com Coatings World | 97
this business, including the addition of
manufacturing assets in Asia,” said Vishal
For Audia, this acquisition of the liq-
uid masterbatch business is very strategic
and represents an exciting expansion
in technology, markets, and geography,
complementing its major entry into the
European market over the past seven
years. The liquid masterbatch business
will be run as part of Audia’s subsidiary,
Uniform Color Company, a leading glob-
al supplier of masterbatches, with facili-
ties in North America and Europe.

Goenka. “To get to where Galata is today would not have been possible without a great partner in Aterian and the enthusiasm of TEAM GALATA.”

06  12:19 PM  Page 1

BASF to Divest Liquid
Masterbatch Business to
Audia International

BASF has signed a contract to divest its liquid masterbatch business in Clermont de l’Oise, France, to Audia International, a large global supplier of polyolefins and color masterbatches. The transaction is expected to close in mid 2014.

The parties have agreed not to disclose financial details of the agreement.

Eastman Announces Further
Debottleneck of Carboxylic
Acids Manufacture

As a leading supplier of color masterbatches, BASF will concentrate on its business with solid and powder masterbatches, produced in Cologne, Germany. For BASF, the liquid masterbatches are a niche business and not part of its future focus.

Eastman Chemical Company today announced an expansion of carboxylic acids capacity at its Longview, Texas, and Kingsport, Tennessee, facilities. The additional capacity is expected to be completed in the fourth quarter of 2014 and will add approximately 50 million pounds of carboxylic acids to support the increasing internal and external demand of the product.

“Eastman is committed to the continued optimization of its plants that produce these acids,” says Tony Ponder, business manager for Eastman’s Oxo Chemicals business unit of the Specialty Fluids & Intermediates (SFI) business segment. “Our olefin crackers in Texas allow Eastman a competitive position in carboxylic acid production with the supply chain capabilities to ship globally.”

“Internal demand for our acids ensures our commitment to long-term efficient production for both internal and external customers,” said Chip Millican, business manager for Eastman’s Organic Intermediates business unit, also a part of the Specialty Fluids & Intermediates business segment. “These are important intermediate materials and we continue to invest in them. Additionally, our engineers have identified at least 20 million pounds of additional low cost capacity that could be implemented in the future as demand dictates.”

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