From the Sector

• Goal: Creating a unique portfolio in high-value surfactants

Indorama Ventures Public Company Limited (IVL), a global chemicals producer, today announced it agreed to acquire Brazil-based Oxiteno S.A. Indústria e Comércio, a subsidiary of Ultrapar Participações S.A. The acquisition gives IVL a unique portfolio in high-value surfactants and significantly extends its existing Integrated Oxides and Derivatives (IOD) business.

IVL will purchase Oxiteno for US$1.3 billion (subject to adjustments at closing), with a deferred payment of $150 million in 2024. The transaction is subject to customary conditions to closing, including approval of relevant regulatory authorities. The transaction is expected to close in Q1 2022 and will be earnings accretive immediately. Financing is secured through deferred payment, using existing extra cash on our balance sheet, free cash flow generated from existing businesses, short term loans against working capital and the balance as long-term debt.

Oxiteno is a leading integrated surfactants producer, catering to highly attractive end-use markets in LATAM. The acquisition brings an excellent management team, world-class expertise in green chemistry innovation, strong customer relationships in Brazil, Uruguay and Mexico, and substantial growth potential in attractive end markets, including the U.S. through a new facility in Pasadena, Texas. Oxiteno has a strong commitment to environmental governance, and its focus on lowering greenhouse gas emissions will also enhance IVL’s ESG credentials.

National Council of Textile Organizations (NCTO) President and CEO Kim Glas is testifying on “Supply Chain Resiliency and the Role of Small Manufacturers” before the Small Business Committee’s Subcommittee on Economic Growth, Tax, and Capital Access.
 
In written testimony submitted to the committee, Glas provides an overview of the incredible resiliency of the U.S. textile industry during the COVID-19 pandemic, the impact of the ensuing economic crisis, existing options available to small manufacturers to access capital, and policy recommendations to strengthen the entire industry domestic supply chain.

“One silver lining associated with the immense challenges posed by the COVID-19 crisis is that it afforded the domestic textile industry an opportunity to demonstrate its enormous resiliency, flexibility, and overall value to the U.S. economy,” Glas says in the testimony. “Despite the fact that there was virtually no [full] U.S. production of textile-based PPE prior to the pandemic, the heroic actions of domestic textile manufacturers resulted in the ability to supply homegrown PPE at the height of the greatest healthcare emergency our country has faced in the past 100 years.”

“As we exit the current crisis, rational federal policies are once again needed to ensure a stable overall environment where small businesses can compete and thrive, and targeted initiatives are required to ensure that domestic supply chains for critical materials, such as PPE, exist in the United States,” Glas notes.

Glas details five key policy recommendations supported by 20 trade associations and labor groups, representing the entire domestic supply chain aimed at strengthening the integrated U.S. textile sector:

• Strengthen Buy American procurement rules
• Provide funding assistance for companies to reconstitute domestic supply chains important to U.S. national and healthcare security
• Key contracting reforms
• Streamline the SBA loan application process
• Provide additional funding for workforce training

Please view the full written testimony by NCTO President and CEO Kim Glas here.

To increase system productivity and to keep service downtimes as short as possible, remote servicing has long been absolutely essential within a globally-networked textile industry. For its Oerlikon Neumag and Oerlikon Nonwoven brands, the Oerlikon Manmade Fibers segment is offering a new secured remote service concept with defined loan-based hardware and software.

A remote connection with remote access to the systems creates new service options that would not have been possible over the phone or by e-mail. Upon signing a secured remote service contract, Oerlikon Manmade Fibers provides its customers with the necessary hardware and software, exchanges the hardware in the event of changes to security requirements and supplies continuous software updates.

“Within the context of a secured remote service contract, we loan the hardware to our customers. This means that our clients do not have additional procurement costs and they do not have to worry about ensuring their technology is constantly up-to-date in terms of security requirements. We assume this task for them”, explains Jan Pauer, Technical Sales Manager responsible for modifications, talking about the benefits of this service concept.

Secured remote service contracts are offered for all Oerlikon Neumag and Oerlikon Nonwoven sys-tems and are available with additional, customer-specific services.

STAMFORD, February 26, 2018 - at JEC World 2018, taking place in Paris March 6-8, Hexcel will display an array of product innovations for customer applications in aerospace, automotive, wind energy and marine markets.
Hexcel’s banner at the exhibit hall entrance features the Airbus H160 helicopter and A350 XWB aircraft, both with carbon fiber livery to acknowledge the high Hexcel composites content in both programs. Hexcel’s reinforcements, prepregs, adhesives and honeycomb materials were selected for the H160’s composite fuselage structures and main rotor blades, contributing to the lightweight fuel-saving design and performance optimization. Airbus has loaned Hexcel an H160 BLUE EDGE blade to display on the booth.

Among the Aerospace promotions at Hexcel’s booth are carbon-reinforced 3D printed parts, made from Hexcel’s HexAM™ additive manufacturing technology that uses PEKK ultra-high performance polymers. Hexcel acquired this technology from Oxford Performance Materials in December 2017 to provide a weight-saving solution for intricate parts in highly demanding aerospace, satellite and defense applications. HexPEKK™ structures offer significant weight, cost and time-to-market reductions, replacing traditional cast or machined metallic parts with a new technology.

Aircraft engines benefit from a number of Hexcel technologies that will be promoted at JEC 2018, including HexShield™ honeycomb that provides high temperature resistance in aircraft engine nacelles. By inserting a thermally resistant material into honeycomb cells, Hexcel provides a core product with unique heat-shielding capabilities that allows for the potential re-use of material after a fire event.
Another honeycomb innovation from Hexcel is Acousti-Cap® broadband noise-reducing honeycomb that significantly improves acoustic absorption in aircraft engine nacelles. The acoustic treatment may be positioned at a consistent depth and resistance within the core, or can be placed in a pattern of varying depths and/or resistances (Multi-Degrees of Freedom and 3 Degrees Of Freedom), offering an acoustic liner that is precisely tuned to the engine operating conditions. These technologies have been tested at NASA on a full engine test rig and meet all 16 design conditions without trade-offs. An example of this technology will be on display at JEC 2018.

Rounding off the aircraft engine exhibits is a CTi fan blade for new generation lightweight turbofan engines from Rolls-Royce, manufactured from Hexcel’s HexPly® M91 high toughness and impact-resistant epoxy prepreg. Hexcel supplies HexPly® M91 as slit tape for the automated lay-up of the complex aerodynamic shape, with a constantly changing thickness across the blade length. The blade which is thinner and lighter than titanium fan blades is currently undergoing flight tests.
Hexcel’s HiTape® and HiMax™ dry carbon reinforcements that were developed for the automated lay-up of preforms for resin-infused aerospace structures will be promoted at the show. Two demonstrator parts, one made with HiMax™ and one with HiTape®, were both infused with HexFlow® RTM6 resin to demonstrate the potential benefits of an integrated design for aircraft skins, spars and stiffeners that meets OEM requirements for production rate increases and cost effectiveness.

Hexcel is also introducing its new range of HiFlow™ advanced liquid resins for aerospace structures manufactured by liquid molding technologies. Based on novel proprietary chemistry, the new resin family will enhance the performance of composites and ease processing when combined with HiTape® and HiMax™ dry carbon reinforcements. HiFlow™ HF610 is the first resin in the range.
Hexcel’s range of high performance adhesives has expanded considerably following the company’s acquisition of Structil last October. Hexcel is relaunching the acquired products under the new HexBond™ brand name at JEC World. This fast-growing range of pastes, liquid shim and film adhesives has a wide spectrum of operating temperatures and is in qualification with a large number of aerospace and industrial OEMs.
In the Planet Aerospace area at JEC, Daher and Hexcel will jointly display an aircraft spar manufactured from HexPly® M56 prepreg. Hexcel’s Neil Parker and Daher R&T Director Dominique Bailly will give a joint presentation focusing on the materials used and the benefits for the finished part. The aircraft spar was designed and manufactured by Daher using Hexcel’s HexPly® M56 prepreg, in slit tape format, that was developed for automated deposition and out-of-autoclave curing. The spar was manufactured using only the vacuum bag process and demonstrates very low porosity levels. It is currently undergoing testing and validation through CORAC funding.

Hexcel’s Automotive promotions at JEC World 2018 include a new prepreg for composite leaf springs, HexPly® M901. In contrast to steel leaf springs used for suspension on vans, trucks and SUVs, newer composite versions offer many advantages including weight savings of up to 70%, high corrosion resistance, optimized system integration and superior performance. Hexcel’s HexPly® M901 prepreg raises the bar further, reducing mold cure time below 15 minutes, a 50% reduction compared to standard industrial prepregs. HexPly® M901 provides 15% higher mechanical performance, with enhanced fatigue properties. It also operates at high temperatures, providing a Tg of up to 200°C following a post cure. Hexcel’s expertise in manufacturing heavy weight glass UD prepregs, with fiber areal weights of up to 1600gsm, allows the company to offer a highly cost-competitive solution for the rapid manufacture of these safety critical components.

Hexcel is constantly seeking ways to ensure that customers obtain the maximum benefit from composites and has recently acquired state-of-the-art simulation technology that accurately predicts how HiMax™ non-crimp fabrics will drape in a mold. Working in collaboration with Nottingham University Hexcel has created a car seat shell, for which the material selection was optimized using this new drape simulation technology. Visitors to Hexcel’s stand at JEC will see an on-screen demonstration that illustrates how the simulation tool operates, predicting process and performance and ensuring that the optimum fabric architecture is quickly identified, reducing the need for expensive trial programs.
Hexcel’s HexMC®-i 2000 carbon fiber/epoxy molding compound has been successfully used by Audi to manufacture a high-performance engine cross brace. HexMC®-i is a fast curing high-performance molding material, suitable for the series production of complex shaped parts and providing excellent mechanical properties. The Audi cross brace covers the engine, providing torsional stiffness for enhanced drive dynamics.

Hexcel’s product offering for customers in the Marine industry has expanded following the acquisition of Formax in 2016 and Structil in 2017. At JEC World, Hexcel will promote its enhanced portfolio of carbon fibers, prepregs, woven reinforcements and multiaxial fabrics for builders of racing catamarans and luxury yachts.
Marine customers have supplied a number of parts for display to illustrate their expertise in manufacturing composite structures from Hexcel materials. These include part of a Diam 24 yacht mast made by ADH Inotec from Hexcel’s HexPly® M79 fast curing, low temperature cure prepreg. ADH Inotec purchased the prepreg from Composites Distribution, a Hexcel Official Distributor that also supplied HexPly® M9.6 prepreg to Lorima for the Outremer 5X catamaran mast section on display. Part of Lorima’s 42m wing mast for a multihull racing boat made with HexPly® prepreg from Vert-Le-Petit (formerly Structil) will complete the marine display.

Hexcel’s innovations for Wind Energy include Polyspeed® pultruded laminates for load-carrying elements in wind blades. These continuous cross-section profiles, made from a polyurethane matrix reinforced with unidirectional carbon fiber, provide consistently high mechanical properties, including high stiffness, fracture toughness and shear strength, combined with low weight and durability. Visitors to Hexcel’s stand will see a 2m diameter coil of pultruded carbon laminate that contains 255m of material in a single roll. This technology offers an economical way of reinforcing large-scale composite structures such as wind turbine blades. Hexcel will also launch its surface finishing prepreg for wind turbine blades and components. This provides a tough, durable and ready-to-paint blade surface without the use of gel coat and results in faster blade manufacture, saving time in production and reducing material costs. The benefits of the new surfacing prepreg will be demonstrated via a wind blade exhibit that has been given four different treatments across the blade surface. These include a section with gel coat, a section of standard prepreg without gel coat, and a section where a fleece has been added to improve surface quality but still requires preparation before painting due to pin holes. The final section made with new HexPly® XF2P surfacing prepreg has a ready-to-paint surface, straight from the mold, without any requirement for gel coat, fleece or finishing operations.