Archive for July, 2011

Bechtel & Linde to expand & build new ethylene plants

Sunday, July 31st, 2011

July 29, 2011 (USA)

Bechtel Corporation and Linde AG announced they will work together to expand and build ethylene cracker plants in North America. The combination of Bechtel’s unmatched engineering, procurement, and direct-hire construction (EPC) capabilities and Linde’s proven ethylene technology provides customers a complete EPC/Technology provider.

The alliance builds on the companies’ previous work together at the Borouge petrochemicals complex in the United Arab Emirates (UAE). Together, they performed engineering, procurement, construction, and start-up for the ethylene plant, off-site facilities, and utilities at the complex, which was successfully completed on schedule in February 2002. (more…)

BASF posts 13.9% hike in Q2 sales

Saturday, July 30th, 2011

July 29, 2011 (Germany)

In the first half of 2011 – the International Year of Chemistry – BASF’s business remained dynamic. The previous year’s excellent results were exceeded. “The economic environment in the first half of 2011 was favorable for our business. Our numbers show that we successfully took advantage of this momentum,” said Dr. Kurt Bock, Chairman of the Board of Executive Directors of BASF SE at the presentation of BASF’s results in Ludwigshafen.

Following a strong start to the year, BASF had a good and very solid second quarter. Sales improved by 13.9% to €18.5 billion and income from operations (EBIT) before special items by 1.4% to €2.2 billion despite the suspension of oil production in Libya. In the second quarter of 2010, the Libyan activities contributed an EBIT before special items of €280 million. On a comparable basis, EBIT before special items thus increased by 16%.

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DuPont Profits, Outlook Bright

Friday, July 29th, 2011

By: Zacks Equity Research July 28, 2011

EI DuPont de Nemours & Co. (DDAnalyst Report) reported an increase in profit of $1.22 billion or $1.37 per share in the second quarter of 2011 from $1.16 billion or $1.17 per share in the same quarter of 2010. The profit exceeded the Zacks Consensus Estimate by 4 cents per share.

The improvement in profit was attributable to higher selling prices, increased sales volume and currency benefit, partly offset by higher raw material, energy, and freight costs.

Sales in the quarter grew 19% to $10.3 billion, up from the Zacks Consensus Estimate of $9.95 billion. The increase in sales reflected a rise of 2% in sales volume, an increase of 11% in local price, 3% currency benefit and 3% net increase from portfolio changes. Sales in the developing markets rose 29%. (more…)

Skaps gearing up for geosynthetics

Thursday, July 28th, 2011

Skaps Industries, Athens, Ga., has partnered with NSC Nonwoven to purchase equipment for a needle punching line that will offer high output while maintaining minimum weight variation and improved fiber orientation for consistent strength in Skaps’ geosynthetic and nonwoven drainage products. The new line will include Thibeau Excelle batt formation, a system for high-speed cross lapping, and three needlepunch looms.

Source: Skaps Industries

COSTIN Completes the Issue of US$30 Million Convertible Bond to CITIC Capital China Access Fund Limited

Wednesday, July 27th, 2011

HONG KONG, July 18, 2011 /PRNewswire-Asia/ — COSTIN New Materials Group Limited (“COSTIN”, together with its subsidiaries, the “Group”, stock code: 2228.hk), which is principally engaged in the research and development, production and sales of non-woven materials and recycled chemical fibres, is pleased to announce today that it has completed the issue of a US$30 million (approximately HK$233 million) convertible bond to CITIC Capital China Access Fund Limited, an investment fund managed by a subsidiary of CITIC Capital Holdings Limited.

Mr. Chim Wai Kong, Chairman and Executive Director of COSTIN said that: “We are delighted that we have completed the issue of the convertible bond to CITIC Capital China Access Fund Limited and have it as our new investor. The net proceeds will be used for capital expenditure and working capital to accelerate the development of the Group’s key businesses and enhance our overall market presence. We believe the future conversion of the convertible bond will help diversify and strengthen our shareholder base.”

The convertible bond will be due in 2013 and bears the interest rate of 4% per annum. The initial conversion price of the convertible bond is HK$5.15 per share, representing a premium of approximately 2.79% to the closing share price of HK$5.01 on 7 July 2011, or a premium of approximately 12.20% to the average closing share price of $4.59 for the last 20 consecutive trading days up to 7 July 2011. (more…)

Quick-Med Technologies Announces Further Expansion Of Its NIMBUS® Technology Global Patent Portfolio

Tuesday, July 26th, 2011

GAINESVILLE, Fla. — July 18, 2011 — Quick-Med Technologies, Inc., a life sciences company that is developing innovative technologies for the healthcare and consumer markets, announced today that the Patent Office of the Australian Government has issued another patent to protect the Company’s intellectual property involving its NIMBUS technology.

The patent titled “Antimicrobial Cationic Polyelectrolyte Coating” covers the process for non-leachably bonding the NIMBUS active agent to wound dressings and various other substrates. It has been designated Australian Patent No. 2006283043.
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Research and Markets: Nonwoven Fabric Mills Industry in the US and its International Trade [2011 Q3 Edition] Updated Report

Monday, July 25th, 2011
July 21, 2011 09:52 AM Eastern Daylight Time

DUBLIN–(BUSINESS WIRE)–Research and Markets (http://www.researchandmarkets.com/research/12ec0a/nonwoven_fabric_mi) has announced the addition of Supplier Relations US, LLC’s new updated report “Nonwoven Fabric Mills Industry in the US and its International Trade [2011 Q3 Edition]” to their offering.

“Nonwoven Fabric Mills Industry in the US and its International Trade [2011 Q3 Edition]”

The Nonwoven Fabric Mills Industry report contains the most recent data and analysis on the industry’s key financial data, cost and pricing, competitive landscape, industry structure. Also updated are the latest trade, shipment, and inventory data available through July 2011. This year-end update provides the data necessary to make informed forecasts and business planning after the recent seasonal changes in output. (more…)

Lantor introduces SORIC XXF core material for wind blade manufacture

Sunday, July 24th, 2011

21 July 2011

Lantor Composites has developed a new product in its SORIC® range of flexible core materials: SORIC XXF is optimised for wind turbine blade manufacture.

Lantor’s Soric is a core material and infusion medium in one. It  is a polyester nonwoven material with a pressure-resistant cell structure. The cells, which are separated by channels, contain synthetic microspheres. The pressure stable and flexible thin core can be used as an inter-laminar flow medium in vacuum assisted composites manufacturing processes.

In SORIC XXF the transportation channels are engineered to optimise resin flow with optimal wet out of the reinforcements used in the shell of the turbine blade. SORIC XXF is reported to be easy to handle and supports good impregnation of the reinforcements during the infusion process.

Because SORIC XXF is a combination of nonwoven polyester fibres and microspheres it will reduce the density and the resin consumption of the infusion layer. In combination with the engineered channel size, the consistent thickness improves the resin transport. (more…)

Quality Fabric Of The Month

Saturday, July 23rd, 2011

Selective Filtration

Metal-organic framework molecules bonded to cellulose and other fibers can selectively capture toxic gases, providing protection to military personnel and first responders working in toxic environments.

Janet Bealer Rodie, Managing Editor

R esearchers at Ithaca, N.Y.-based Cornell University are using nanotechnology to develop fabrics incorporating metal-organic framework molecules (MOFs) that will selectively capture gases such as chemical warfare agents and toxic industrial chemicals, providing a filtration system that can help protect military personnel, first responders and others at high risk for exposure to such substances.

MOFs – crystalline porous compounds that can be customized via nanolevel manipulation to trap specific gases – were developed in the late 1990s by Dr. Omar M. Yaghi, a professor in the Department of Chemistry & Biochemistry at the University of California, Los Angeles (UCLA). In 2008, with support from a grant funded by the U.S. Defense Threat Reduction Agency of the U.S. Department of Defense (DoD), Dr. Juan Hinestroza, associate professor of fiber science in the Department of Fiber Science and Apparel, College of Human Ecology, and director of the Textiles Nanotechnology Laboratory at Cornell, initiated a collaboration with Yaghi’s research group at UCLA to study how MOFs could be incorporated into polymeric nanofibers to trap noxious gases and break them down into less harmful substances and further decontaminate them. As part of the project, Fiber Science postdoctoral researcher Marcia Da Silva Pinto developed the first MOF fabrics in Hinestroza’s lab.
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Garnett to feature latest textile retrofit control system at ITMA

Friday, July 22nd, 2011
July 16, 2011 (UK)

Garnett Controls Ltd (UK) will launch their new generation retrofit control systems for textile machinery aimed at replacing traditional inefficient drive systems with economic, easy to use, and expandable systems.

Utilising the latest in touch screen technology which Garnett pioneered in the retrofit carding sector, the new range of panels are targeted at the company’s principal area of activity, carding, spinning and nonwovens, as well as an increasingly wider spectrum of applications both inside and outside the textile sector.

Reduction of energy consumption within a plant is a key attribute of the new Garnett-e-Controls system with a number of recent installations returning high savings.

A launch of the latest generation of fibre weight control systems will compliment the new operator control interfaces in Barcelona. The new Microweigh XL8+ is the most accurate and advanced card feeding system for carding and technical nonwoven applications including medical textiles where the latest GAMP standards are applicable.

The new model incorporates enhanced data options making on-line quality analysis possible within client’s own infrastructure. In addition a new style of efficient anti-vibration mounts is being introduced, further enhancing the proven stability associated with the units.
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