2002-11

Vopak USA changes Name to Univar USA.

Chemical Week: November 2002

Vopak USA, Kirkland, WA, has changed its name to Univar USA as a result of a split-off of the chemical distribution activities of Royal Vopak to form an independent company named Univar NV. The company’s core business is reportedly unaffected by the name change. Univar USA will continue to serve customers and suppliers in all major industries and markets as a full-service chemical distributor. The split-off was approved by shareholders on June 17, 2002. The name change to Univar USA Inc. became official on June 29, 2002. The company is headquartered in The Netherlands.

Dantoserve Preservatives new from Lonza.

HAPPI: October 2002

Lonza Performance Chemicals of the US has made available a new preservative platform for household and industrial applications. Called Dantoserve, the product features blends of hydantoins and benzisothizaolinones, which are safer than straight isothiazolinones and provide good activity against resistant organisms.

ISP going Private.

Chemical Week: November 2002

International Specialty Products announced that it has signed an agreement to sell its shares to Mr Heyman for  $10.30 per share in cash. The transaction has a value of approximately $130 million. Mr. Heyman currently beneficially owns approximately 80.9% of ISP's outstanding shares of stock.

ISP Launches Nuosept 44 as Preservative.

Chemical Market Reporter: October 2002

International Specialty Products Inc has launched Nuosept 44, a new preservative as part of its Biotrend biocides product range. Nuosept 44 is an aqueous solution of sodium hydroxymethylglycinate, which acts as an effective antimicrobial agent against bacteria and fungi in industrial applications. Nuosept 44 can be used in water-based applications in adhesives, coatings, liquid detergents, dishwashing liquids and cleaning products.

 

Potential Litigation creates concern for Wood Preservative Industry.

Chemical Market Reporter: October 2002

Although makers of wood preserving chemicals have agreed to phase out arsenic-based preservatives used in residential treated wood products by the start of 2004, related litigation seems to be gathering speed as companies that have made or sold wood products treated with chromated copper arsenate (CCA) become targets of class action lawsuits. Georgia Pacific has two lawsuits pending in Alabama, one of them a class action. Universal Forest Products Inc (UFP) and Home Depot Inc also have litigation pending. A UFP representative says every bit of information that has emerged has reaffirmed the safety of CCA-treated wood.

The president of the American Wood Preservatives Institute is confident that courts will not sustain any class action. The AWPI has been named as a defendant in a Florida complaint seeking class-action status. Some industry observers concede the matter makes them nervous. In Feb, the EPA agreed to phase out arsenic-treated wood by 31 Dec 2003. CCA has been in use since the 1940s. Elementis is predicting that the EPA decision reduce worldwide demand for chromium chemicals by 5% in 2002, with US demand expected to fall by 30%. The company says global sales of its chromium unit will fall 15% by 2004. Sales were $205 M in 2002. 71,700 tonnes of CCA were used in the US in 1999, and 60,000-65,000 tonnes in W Europe.