Archive for December, 2011

Buckeye Technologies (BKI) Shares Downgraded to a “Neutral” Rating by Zacks Investment Research Analysts

Friday, December 30th, 2011

Buckeye Technologies (NYSE: BKI) was downgraded by equities research analysts at Zacks Investment Research from an “outperform” rating to a “neutral” rating in a research note issued to investors on Wednesday.

Separately, analysts at UBS AG (NYSE: UBS) raised their price target on shares of Buckeye Technologies from $32.00 to $35.00 in a research note to investors on Monday, December 12nd. They now have a “buy” rating on the stock. Analysts at RBC Capital (NYSE: RY) raised their price target on shares of Buckeye Technologies from $32.00 to $37.00 in a research note to investors on Thursday, November 17th. They now have an “outperform” rating on the stock.

Buckeye Technologies Inc. (Buckeye) is a producer of cellulose-based specialty products. Buckeye is the manufacturer in the world offering cellulose-based specialty products made from both wood and cotton and utilizing wetlaid and airlaid technologies. It operates manufacturing facilities in the United States, Canada, Germany and Brazil. The Company’s product lines are grouped into four categories: chemical cellulose, customized fibers, fluff pulp and nonwoven materials. It manages these products within two reporting segments: specialty fibers and nonwoven materials. The chemical cellulose and customized fibers are derived from wood and cotton cellulose materials using wetlaid technologies. Fluff pulps are derived from wood using wetlaid technology. Wetlaid technologies consists of cellulose manufacturing processes, in which fibers are deposited using water. (more…)

Aditya Birla Group to set up VSF plant in Turkey

Thursday, December 29th, 2011
December 29, 2011 (India)
The largest Viscose Staple Fibre (VSF) producer in the world announced an investment of US $500 million, which would be invested over a period of five years in setting up a fully integrated VSF plant in Turkey.

The US $35 billion – Kumar Mangalam Birla-led, Aditya Birla Group will set up a fully integrated VSF plant, a captive power generation plant, CS2 plant and a sulphuric acid plant in Turkey’s Adana Organised Industrial Zone.

The new VSF plant will have a capacity of 180,000 metric tons per annum and is expected to be operational by 2015. Once the Turkey VSF plant is commissioned, the group will have a VSF capacity of 930,000 tons per year. (more…)

Monday, December 26th, 2011

NEW YORK, Dec. 22, 2011 /PRNewswire/ — announces that a new market research report is available in its catalogue:

World Geosynthetics Market

World demand to rise 8.3% annually through 2015

Worldwide demand for geosynthetics is projected to increase 8.3 percent annually to 4.5 billion square meters in 2015. This growth rate is an acceleration from the gains of the 2005-2010 period, reflecting in part the reduced 2010 bases of the developed countries. Advances are being driven by the increasing market penetration and large-scale construction plans in place in many developing countries. (more…)

Total to buy ExxonMobil’s stake in Fina Antwerp Olefins

Saturday, December 24th, 2011
December 24, 2011 (Belgium)
Total, through its 100% affiliate PetroFina SA, signed an agreement with ExxonMobil Petroleum & Chemical BVBA under which ExxonMobil is to transfer to Total its 35% shareholder interest in Fina Antwerp Olefins.The transaction is subject to the approval of the European competition authorities. Once the transaction is completed, Total will be the sole shareholder in Fina Antwerp Olefins.

Fina Antwerp Olefins, in which Total currently has a 65% interest, was set up in Antwerp in 1951. This plant is the second largest in Europe for the production of base chemicals products, including ethylene, propylene and benzene. Some of the plant’s output is used by Group units, in particular in both Antwerp and Feluy, to manufacture polymers. (more…)

Adding Jobs and Cutting emissions with separators

Thursday, December 22nd, 2011
H&V hosts US Senator Charles Schumer

East Walpole, Massachusetts, USADecember 20, 2011 – Hollingsworth & Vose hosted US Senator Charles Schumer Monday at its Easton, New York mill along with State Senator Betty Little, Assemblyman Tony Jordan, and Dr. William Acker and John Cerveny from New York’s Battery and Energy Storage Technology Consortium. Senator Schumer toured the production lines and highlighted H&V’s commitment to Washington County.

During 2011, H&V in Easton has expanded operations and created new jobs to make battery separator materials for advanced lead acid batteries for start/stop vehicles. These advanced technology batteries reduce CO2 emissions by 5-7% and the decrease in idling time improves fuel economy by 5-10%. H&V’s patented materials are the most advanced available for lead acid batteries, providing three times greater life, higher charge acceptance, higher cranking performance and decreased explosion hazard. (more…)

Non-woven materials offer several opportunities

Tuesday, December 20th, 2011

Textiles are more than everyday clothing. The car upholstery, wipes at restaurants, and personal care products are also a form of textiles. The market potential is huge for these and the Indian industries need to tap it with confidence, says C.K. Wong, Chairman and Chief Executive Officer of U.S. Pacific Nonwovens Industry. He is involved with the non-woven industry for more than three decades and has visited India several times. During his stay in Coimbatore this week, he spoke to M. Soundariya Preetha on the non-woven and technical textiles industry and measures needed to promote its growth in India.

Non-woven is a globally young industry. With its capacity to cater to special applications, it has an exclusive market. Technical textiles, which is made from non-woven materials mainly, is similar to conventional textiles.

But, its functionality is different. Regular textiles are used for clothing, home textiles, decorations, bedding, etc. Technical textiles are used for a special function. Non-wovens are replacing the use of conventional textiles in many areas as these cost less, are more convenient to use, serves the purpose and can be tailor-made. Product ideas for non-wovens come in every day. Yet, no product is phased out. However, this will not reduce the use of regular textiles. (more…)

FibeRio Debuts Cyclone™ FE 1.1

Monday, December 19th, 2011

FibeRio Technology Corp., McAllen, Texas, reports its Cyclone™ Fiber Engine (FE) 1.1 machine is the first industrial-scale model utilizing Forcespinning™ technology that can continuously produce nanofibers via solution and melt spinning. The technology uses centrifugal force to spin nanofibers, nanowires and nanorods.

The Cyclone FE 1.1 enables an increased range of materials to be processed and products to be manufactured at significantly reduced costs; and can be integrated into an existing nonwoven line to increase productivity, or delivered as a discrete roll-to-roll system for specialty products or limited runs. The machine can produce nanofibers with diameters averaging 500 nanometers and below with a very tight standard distribution; and features a proprietary design that uniformly deposits the nanofibers across its 1.1-meter width. Its advanced extrusion and solution pump system can be controlled discretely or by software custom-designed to interface with the customer’s factory floor controls. In addition, the manufacturing process requires no toxic solvents.



Nordson (NDSN) Shares Given New $45.00 Price Target by BMO Capital Markets Analysts

Friday, December 16th, 2011

Posted by on Dec 16th, 2011;  Equities research analysts at BMO Capital Markets lowered their price target on shares of Nordson (NASDAQ: NDSN) to $45.00 in a research issued note to investors on Friday. They currently have a “market perform” rating on the company’s shares.

Nordson Corporation is engaged in manufacturing of equipment used for precision material dispensing, testing and inspection, surface preparation and curing. The technology-based systems are found in the production facilities globally. It serves the markets, including the appliance, automotive, bookbinding, container, converting, electronics, food and beverage, furniture, life sciences, medical, metal finishing, nonwoven, packaging, semiconductor and solar energy industries. The equipment ranges from manual, stand-alone units for low-volume operations to microprocessor-based automated systems for high-speed, high-volume production lines. The Company operates in three business segments: Adhesive Dispensing Systems, Advanced Technology Systems and Industrial Coating Systems. In January 2010, the Company acquired German distributor GLT mbH based in Pforzheim, Germany. In November 2010, the Company acquired Micromedics Inc. (more…)

Registration Now Open for RISI’s 14th European Pulp & Paper Outlook Conference

Tuesday, December 13th, 2011

News Releases

Dec 13, 2011, 14:01 ET

RISI, the leading information provider for the forest products industry, today announced that… The company works with clients in the pulp and paper, wood products, timber, biomass, tissue, nonwovens , printing and publishing industries to help them make better decisions.

Ahlstrom takes stake in Porous Power

Monday, December 12th, 2011
porous Ahlstrom is to invest in Porous Power Technologies, a Colorado, US-based company developing technology for lithium-ion battery separators.Together, the two companies will offer a new generation of separator solutions for safer batteries and capacitors in electric-drive vehicles, e-bikes, portable electronics and utility-grade storage products.
Porous Power’s current separator products are already being evaluated by battery manufacturers around the world. The products for electric vehicles will be commercially available in larger volume at a later stage.
Battery separators, which keep the positive and negative electrodes (anode and cathode) from touching each other and short-circuiting, are vitally important in the performance and safety of electric vehicles. Ahlstrom has been developing lightweight nonwoven materials for lithium-ion membrane separators since 2008 and has worked closely with Porous Power for several years.

Ahlstrom will subscribe for approximately 49% of the shares in Porous Power while the remaining 51% of the shares will be held by the current owners. Ahlstrom has an option to acquire the remaining shares at a later stage.

According to industry analysts, the overall market for lithium-ion battery separators is expected to grow to US$2.5 billion in 2020, mainly driven by the demand for electric vehicles.

“We are seeking growth opportunities in unique products, both in our existing businesses as well as in new technologies,” said Jan Lång, Ahlstrom’s president and CEO. “Porous Power’s membrane technology has high potential and is a good fit with our technology base. Ahlstrom will use its extensive know-how and experience in the automotive industry to respond to the market needs in the fast-evolving electric vehicle business.”