Volume for the quarter was 312 million pounds, a decrease of 3.0% from the prior-year period, primarily related to the masterbatch product family.
Hong Kong masterbatch plant closure - consolidation into Tianjin, China facility
The new office will first focus on providing high-quality masterbatch products for growing markets in the region and surrounding areas, and will enhance our ability to serve many of our European customers who also are expanding into the Middle East .
Gross profit increased to $4.6 million in the fourth quarter of last year, primarily due to an increase of $1.0 million in the masterbatch product families offset by the Australia specialty powders product family.
We are driving the company to greater efficiency with investments in energy centers and yield technology, and streamlining our asset base as evidenced by the closure of our Hong Kong masterbatch facility.
The increase in gross profit was a result of improvement in the masterbatch product family across all segments.
The increase was due to improved gross profit per pound in the masterbatch and specialty powders product families, offset by lower gross profit per pound in the engineered plastics product families.
When combined with Polimaster, the Brazilian color business acquired in October 2010, the Company has firmly established specialty engineered materials, color masterbatch and distribution capabilities in this attractive growing market.
Eckart has new effect pigment preparations to drive efficiency in masterbatch production. ❋ Unknown (2010)
Planet Green Bottle Corporation ( "PGBC") initiated with Wells Plastics Ltd. of the UK, the development of a masterbatch additive which causes a PET plastic bottle to become oxo-biodegradable in the environment. ❋ Unknown (2010)
Lego System is an end user of masterbatch in mass production and the Director of Polymer Technology will talk about the challenges. ❋ Unknown (2010)
Leistritz Extrusionstechnik has tested the dispersion and mixing characteristics of high volume and high torque twin screw extruders, while Farrel has looked at continuous batch mixing technologies for black/white masterbatch. ❋ Unknown (2010)
PGBC announced separately an exclusive agreement with Wells Plastics Ltd. of the UK (www. wellsplastics.com) wherein PGBC has introduced a proprietary, patent pending masterbatch additive which will cause the ordinary PET (polyethylene terephthalate) plastic bottle to oxo-biodegrade in 10 to 20 years versus estimates of up to 1,000 years for untreated, non-degradable PET plastic bottle. ❋ Unknown (2010)
However, having survived the recession thus far, plenty of challenges still lie ahead for the masterbatch industry. ❋ Unknown (2010)
About ICO, Inc. With 20 locations in 9 countries, ICO produces custom polymer powders for rotational molding and other polymer related businesses, such as the textile, metal coating and masterbatch markets. ❋ Unknown (2010)
Since 2008, Mr. Perez has been general manager of masterbatch for the company's North America operations. ❋ Unknown (2010)
While A. Schulman was addressing the high-end part of the masterbatch market in the United State, ❋ Unknown (2010)
Be the industry leader in masterbatch, thermoplastic additives and color concentrates that are added to resins to improve their appearance or performance. ❋ Unknown (2010)
