cvrd to divest its shareholdings in brazilian kaolin companies?

1
COMPANIES Cabot appoints UTS to sell masterbatches in Russia & Ukraine Cabot Corp has appointed United Trading Systems (UTS) as its main distributor for selling plastics masterbatches to the Russian and Ukrainian markets. UTS was established in 2004, it now represents more than 100 suppliers of various chemical products and its annual turnover last year was around $100 M. The company has a distribution centre in St Petersburg and specialist warehouses in Moscow, Ekaterinburg, Novosibirsk and Kiev. Plastics Additives and Compounding, May/Jun 2007, 9 (3), 9 CVRD to divest its shareholdings in Brazilian kaolin companies? Cia Vale do Rio Doce (CVRD) is considering divesting its majority shareholdings in the two leading Brazilian kaolin producers – Cadam and Para Pigmentos. CVRD has an 82% stake in Para Pigmentos (formerly Rio Capim Quimica), while Mitsubishi (of Japan) has a 14% stake and the International Finance Corp (IFC) has a 4% stake. CVRD has a 61% stake in Cadam, while Banco do Brasil has a 22% stake and the BNDES development bank has a 17% stake. The combined kaolin output of Cadam and Para Pigmentos reached a new record high of 1.4 M tonnes in 2006, up 11.1% on the 2005 figure. Industrial Minerals, Aug 2007, 8 Elementis, a leading supplier of Cr 2 O 3 green & other chrome chemicals Elementis Chromium will remain within the Elementis group after the sale of the Pigments business unit to Rockwood. For full-year 2006, Elementis Chromium reported operating profit at £11.9 M on sales of £116.8 M, compared against £7.8 M on £129.4 M in 2005. Elementis Chromium is one of the world’s leading suppliers of chrome chemicals, with manufacturing operations at Eaglescliffe, Durham (UK), Castle Hayne, NC and Corpus Christi, TX (in the United States). At these sites, Elementis makes: chromic acid, chromium oxide, ammonium dichromate, potassium dichromate, sodium dichromate, chrome sulfate and sodium sulfate. The company also has three US plants – at Milwaukee, WI; Amarillo, TX; and Dakota City, NB – for converting dichromate (from Castle Hayne) into chrome sulfate for the leather tanning industry. Elementis produces the widest range of pigment-grade chromium oxides on the market. Compared to other green pigments, chromium oxide gives excellent lightfastness, durability, stability and performance. It is also unaffected by acids, alkalis and solvents. Chromium oxide green from Elementis is used in paints, plastics, enamels, concrete and other building materials where colour strength is a key factor. It is used in the ceramics industry, where it can be mixed with metal oxides to produce pigments that vary in shade from black to yellow. There is a dark green version with high infra-red reflectance, specially developed by Elementis Chromium for use in camouflage coatings. Elementis also offers a hydrated product for use in the toiletries and cosmetics sectors, colouring bar-soaps and eye- shadows. To promote good community relations, Elementis has sponsored the Admiralty Ecology Site on part of its land at Eaglescliffe. Developed by a group of Elementis Chromium employees, with help from Tees Forest and other volunteer organisations, Admiralty has become an award- winning conservation area and a valuable local amenity, welcoming more than 2500 visitors per annum. Company Profile of Elementis plc, Ash House, Fairfield Avenue, Staines, TW18 4ES, UK, Website: http://www.elementis.com (23 Jul 2007) Sun appoints Barentz to sell in Central Europe Barentz Grondstoffen (of Hoofddorp, Netherlands) has been appointed by Sun Chemical as a distributor for its performance pigments in the Czech, Slovak and Hungarian markets. Barentz is already a distributor of Sun’s pigments in Belgium and the Netherlands. PPCJ, Polymers, Paint, Colour Journal, Apr 2007, 197 (4511), 6 LITIGATION Suppliers compensate customers for carbon black price-fixing In January 2003, Technical Industries Inc (a manufacturer of water-based pigment dispersions, based at Peace Dale, RI) filed a lawsuit with the US Department of Justice in January 2003, alleging that the major suppliers of carbon black were operating a cartel to fix prices for carbon black products. As a result of canvassing by lawyers seeking other consumers of carbon black with grievances similar to those of Technical Industries Inc, a Federal anti-trust class-action lawsuit developed. The world’s three leading carbon black producers and their various subsidiaries were charged with “participating in a US-wide and worldwide conspiracy to fix prices of carbon black products in order to raise, maintain or stabilise prices at levels above the levels that they would otherwise have attained.” This behaviour – if proved – would have been in violation of Section 1 of the Sherman Anti-Trust Act. Plaintiffs in the class-action lawsuit alleged that the price-fixing cartel operated between January 1999 and November 2002. The cartel ceased in November when officers from the US and EU anti-trust authorities carried out a series of “surprise visits” to various offices of Cabot, Degussa and Columbian in the US and Europe. (See ‘Focus on Pigments’, Dec 2002, 2). In March 2007, Degussa announced that it had allocated $4 M to compensate customers who had purchased carbon black between 1999 and 2002. In June 2007, Cabot declared that it had established a $10 M reserve fund to settle matters associated with litigation over price-fixing for carbon black. Cabot stoutly denied any actual liability but stated that it would be making payments to customers in order to avoid further costs and prolongation of the legal process. Chemical Week, 20 Jun 2007, (Website: http://www.chemweek.com) & ICIS Chemical Business Americas, 18 Jun 2007, (Website: http://www.icbamericas.com) 6 SEPTEMBER 2007 FOCUS ON PIGMENTS

Post on 05-Jul-2016

215 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: CVRD to divest its shareholdings in Brazilian kaolin companies?

COMPANIESCabot appoints UTS to sellmasterbatches in Russia & Ukraine

Cabot Corp has appointed UnitedTrading Systems (UTS) as its maindistributor for selling plasticsmasterbatches to the Russian andUkrainian markets. UTS wasestablished in 2004, it now representsmore than 100 suppliers of variouschemical products and its annualturnover last year was around $100M. The company has a distributioncentre in St Petersburg and specialistwarehouses in Moscow, Ekaterinburg,Novosibirsk and Kiev.

Plastics Additives and Compounding, May/Jun 2007,9 (3), 9

CVRD to divest its shareholdings inBrazilian kaolin companies?

Cia Vale do Rio Doce (CVRD) isconsidering divesting its majorityshareholdings in the two leadingBrazilian kaolin producers – Cadamand Para Pigmentos. CVRD has an82% stake in Para Pigmentos(formerly Rio Capim Quimica), whileMitsubishi (of Japan) has a 14% stakeand the International Finance Corp(IFC) has a 4% stake. CVRD has a61% stake in Cadam, while Banco doBrasil has a 22% stake and theBNDES development bank has a 17%stake. The combined kaolin output ofCadam and Para Pigmentos reacheda new record high of 1.4 M tonnes in2006, up 11.1% on the 2005 figure.

Industrial Minerals, Aug 2007, 8

Elementis, a leading supplier of Cr2O3green & other chrome chemicals

Elementis Chromium will remainwithin the Elementis group after thesale of the Pigments business unit toRockwood. For full-year 2006,Elementis Chromium reportedoperating profit at £11.9 M on sales of£116.8 M, compared against £7.8 Mon £129.4 M in 2005.

Elementis Chromium is one of theworld’s leading suppliers of chromechemicals, with manufacturingoperations at Eaglescliffe, Durham(UK), Castle Hayne, NC and CorpusChristi, TX (in the United States). Atthese sites, Elementis makes:

chromic acid, chromium oxide,ammonium dichromate, potassiumdichromate, sodium dichromate,chrome sulfate and sodium sulfate.The company also has three USplants – at Milwaukee, WI; Amarillo,TX; and Dakota City, NB – forconverting dichromate (from CastleHayne) into chrome sulfate for theleather tanning industry.

Elementis produces the widestrange of pigment-grade chromiumoxides on the market. Compared toother green pigments, chromiumoxide gives excellent lightfastness,durability, stability and performance. Itis also unaffected by acids, alkalisand solvents. Chromium oxide greenfrom Elementis is used in paints,plastics, enamels, concrete and otherbuilding materials where colourstrength is a key factor. It is used inthe ceramics industry, where it can bemixed with metal oxides to producepigments that vary in shade fromblack to yellow. There is a dark greenversion with high infra-red reflectance,specially developed by ElementisChromium for use in camouflagecoatings. Elementis also offers ahydrated product for use in thetoiletries and cosmetics sectors,colouring bar-soaps and eye-shadows.

To promote good communityrelations, Elementis has sponsored theAdmiralty Ecology Site on part of itsland at Eaglescliffe. Developed by agroup of Elementis Chromiumemployees, with help from Tees Forestand other volunteer organisations,Admiralty has become an award-winning conservation area and avaluable local amenity, welcoming morethan 2500 visitors per annum.

Company Profile of Elementis plc, Ash House, FairfieldAvenue, Staines, TW18 4ES, UK, Website:http://www.elementis.com (23 Jul 2007)

Sun appoints Barentz to sell in CentralEurope

Barentz Grondstoffen (of Hoofddorp,Netherlands) has been appointed bySun Chemical as a distributor for itsperformance pigments in the Czech,Slovak and Hungarian markets.Barentz is already a distributor ofSun’s pigments in Belgium and theNetherlands.

PPCJ, Polymers, Paint, Colour Journal, Apr 2007, 197(4511), 6

LITIGATIONSuppliers compensate customers forcarbon black price-fixing

In January 2003, Technical IndustriesInc (a manufacturer of water-basedpigment dispersions, based at PeaceDale, RI) filed a lawsuit with the USDepartment of Justice in January2003, alleging that the majorsuppliers of carbon black wereoperating a cartel to fix prices forcarbon black products. As a result ofcanvassing by lawyers seeking otherconsumers of carbon black withgrievances similar to those ofTechnical Industries Inc, a Federalanti-trust class-action lawsuitdeveloped. The world’s three leadingcarbon black producers and theirvarious subsidiaries were chargedwith “participating in a US-wide andworldwide conspiracy to fix prices ofcarbon black products in order toraise, maintain or stabilise prices atlevels above the levels that theywould otherwise have attained.” Thisbehaviour – if proved – would havebeen in violation of Section 1 of theSherman Anti-Trust Act.

Plaintiffs in the class-action lawsuitalleged that the price-fixing carteloperated between January 1999 andNovember 2002. The cartel ceased inNovember when officers from the USand EU anti-trust authorities carriedout a series of “surprise visits” tovarious offices of Cabot, Degussaand Columbian in the US andEurope. (See ‘Focus on Pigments’,Dec 2002, 2).

In March 2007, Degussaannounced that it had allocated $4 Mto compensate customers who hadpurchased carbon black between1999 and 2002.

In June 2007, Cabot declared thatit had established a $10 M reservefund to settle matters associatedwith litigation over price-fixing forcarbon black. Cabot stoutly deniedany actual liability but stated that itwould be making payments tocustomers in order to avoid furthercosts and prolongation of the legalprocess.

Chemical Week, 20 Jun 2007, (Website:http://www.chemweek.com) & ICIS ChemicalBusiness Americas, 18 Jun 2007, (Website:http://www.icbamericas.com)

6 SEPTEMBER 2007

F O C U S O N P I G M E N T S