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drymix.info Newsletter 213/2018; ISSN Number 1613-0111; 26. September 2018

1. cedmmc 6, Istanbul, 4.10.18: Attention Delegates: please Confirm for Bosphorus Cruise!
2. SEADMA Events in Bangkok (7. and 8.11.18) Complete your Registration now and Arrange for your Travel
3. Second MEDMA Contractor/Consultant Workshop on Renders, Dubai, 29. November 2018
4. Drymix Mortar Yearbook 2019, Calls for Papers for Nürnberg
5. BAU and BAUMA 2019: Casual drymix.info Evenings (16.1. and 10.4., Munich)
6. Sabic Effort to Gain Large Share in Clariant Delayed; Interest of Saudi Aramco in Sabic Shares
7. Uzin Takes over Application Tools Manufacturer Pajarito, Announces Price Increase
8. Sika Germany Announces Price Increase
9. Karl Bachl Takes over Liesborn EPS Plant from Hirsch Servo
10. Korean Investors SJL, KCC and Wonik Purchase Momentive for 2.660 mio Euro

1. cedmmc 6, Istanbul, 4.10.18: Attention Delegates: please Confirm for Bosphorus Cruise!

Last chance to register for our 6th Central and South European Drymix Mortar Conference cedmmc six, taking place next week on Thursday, 04. October 2018 in Istanbul, Turkey, from 11:00 – 17:30 at Çırağan Palace Kempinski İstanbul! We are expecting a tremendous line-up of the Turkish drymix mortar industry along with suppliers to our industry.

Attention Delegates (those who did not yet tell us that they will join our cruise): please do not forget to confirm your attendance to our famous Dinner Cruise on the Bosporus starting right after the conference, directly from the Çırağan Palace pier. It is free of charge for conference participants, but pre-registration is absolutely mandatory: info@drymix.info until Monday, 01.10. latest!

Admission to cedmmc7 (Bosphorus Cruise is included) per person is 350 Euro, reduced to 270 Euro for drymix.info members. Drymix mortar producers pay only 150 Euro per person.

2. SEADMA Events in Bangkok (7. and 8.11.18) Complete your Registration now and Arrange for your Travel

The Thai Concrete Association TCA, Mortar Subchapter and The South East Asia Drymix Mortar Association SEADMA invite to the SEADMA Mortar Technology Day which takes place in Bangkok at Swissôtel le Concorde on Wednesday, 7. November 2018. This exclusive event is designed specifically for the clients of SEADMA's member companies, mainly developers, consultants and contractors. Bouygues Thai (Khun Samart Homthong), Siam City Cement (Insee Mortar), Parex Group and Maltech Thailand (Mass Engineering) will support and lecture at this important event. All speeches will be held in (or translated into) Thai language. The event is reserved to guests of our Thai members and is by invitation only.

Immediately after the SEADMA Mortar Technology day there is a casual get-together for all guests as well as for the delegates of the 13th Annual SEADMA Conference (8.11.18). Pre-registration is mandatory by e-mail.

The next day (Thursday, 8. November 2018) the South East Asia Drymix Mortar Association SEADMA holds to its 13th Annual SEADMA Conference and Industry Showcase at Swissôtel le Concorde, too. The Thai Concrete Association TCA, Mortar Subchapter is co-hosting this conference. We published the program in our last Newsletter.

Admission to the 13th Annual SEADMA Conference on 8.11.18 is 350 €, reduced to 270 € for SEADMA, drymix.info or MEDMA Partners. Drymix mortar producers pay only 150 €. Admission to the casual get together on 7.11.18 is included for all registered delegates, however, individual confirmation is absolutely mandatory.

3. Second MEDMA Contractor/Consultant Workshop on Renders, Dubai, 29. November 2018

After the successful first consultant/contractor workshop on Construction Adhesives last week, the Middle East Drymix Mortar Association MEDMA e.V. is announcing the second one: participating MEDMA members can talk with consultants, architects, contractors and developers during this half-day meeting taking place on 29. November 2018 (exact location tbd.).

Again, attendance is by invitation only, details will go out shortly. Contextual support by the producers of renders (plasters) is encouraged.

4. Drymix Mortar Yearbook 2019, Calls for Papers for Nürnberg

For the production of our upcoming Drymix Mortar Yearbook 2019, we would like to encourage you to submit your planned articles, advertorials and/or advertisements already now, this way we can start the distribution possibly already in our early events 2019 (before idmmc7, 18.3.19). Publishing fees apply, we stand by to explain you the details.

Please be also reminded to submit your lecturing proposal for idmmc7 this or next week, the same applies for our European Coating Congress' Construction Chemicals Sessions (19.3.19).

5. BAU and BAUMA 2019: Casual drymix.info Evenings (16.1. and 10.4., Munich)

Here is some good news for international visitors to Munich to BAU and BAUMA next year: the Casual drymix.info meetings offer a chance to relax and network after a stressful day at the Trade Fair Centre:

BAU is back in Munich, so we are arranging again for our drymix.info Casual Evening which will take place at Hofbräukeller on 16. January 2019, 19:00 – sponsors are still wanted!

The same applies for BAUMA 2019, our drymix.info Casual Evening in that week will take place on 10. April 2019, at Hofbräukeller – sponsors are still wanted!

Both events are free of charge, but advance registration is absolutely mandatory.

6. Sabic Effort to Gain Large Share in Clariant Delayed; Interest of Saudi Aramco in Sabic Shares

In January 2018, the Board of Clariant AG, Muttenz, Switzerland had announced that Saudi Arabia Basic Industries (Sabic), Riyadh will take over 24,99 % of its shares and thus become largest single stockholder in Clariant. The shares were sold by activist investors 40 North and White Tale. The transaction however could not be carried out until today, the delay comes from the lack of approval by several anti-trust authorities (amongst them Mexico and Brasil). The delay seriously postpones strategic talks between Sabic and the Clariant management.

70 % of Sabic is owned by the Saudi Public Interest Fund (PIF, a Government Agency), Riyadh, the rest of the Sabic Shares are being traded at the Saudi Stock Exchange (Tadawul). Recently petro-giant Saudi Aramco, Dammam, Saudi Arabia has announced interest to acquire a controlling stake in Sabic. In the course of this bid, Sabic was valued at 85.600 mio Euro. For Aramco, the step would be a forward integration, “making the company less vulnerable to changes in the oil prices” as Amin Nasser, CEO of Saudi Aramco said.

7. Uzin Takes over Application Tools Manufacturer Pajarito, Announces Price Increase

Uzin Utz AG (Uzin), Ulm, Germany has recently taken over the tools manufacturer Korbach Werkzeug Co. GmbH & Co. KG (Pajarito), Mettmann, Germany. Pajarito is focussed on producing professional application equipment for specialized craftsmen such as tile layers, flooring experts and painters. „(by integrating) ... the core competencies of Pajarito ... we are closing a gap in our portfolio ... for professional craftsmen”,  says Julian Utz, member of the board of Uzin. Uzin takes over all three entities forming Pajarito today: Pajarito Werkzeug GmbH, Korbach Werkzeug Co. GmbH & Co. KG and Pajarito Warenhandelsgesellschaft mbH (all Mettmann) entirely. Pajarito will continue to operate under its established brands and independently. Dirk Willing, former CEO of Pajarito, will continue to support Pajarito on a consulting basis. Julian Utz and Jürgen Rehmann will lead the activity, they are also in charge of machinery-subsidiary Wolff.

Uzin has also recently announced a 3% to 5% price increase on all products effective 1. January 2019. The company cites higher raw material and transportation cost for this measure.

8. Sika Germany Announces Price Increase

Sika Deutschland GmbH, Stuttgart, Germany will raise its prices for products from all divisions effective 1. February 2019 by 4% to 10%. According to Sika, shortage of several raw materials on the global market drives the prices, as well as increased personnel and logistics cost (especially tolls for roads)

9. Karl Bachl Takes over Liesborn EPS Plant from Hirsch Servo

The polymer materials processing division of Karl Bachl GmbH & Co. KG, Röhrnbach, Germany (Karl Bachl Kunststoffverarbeitung) has recently taken over the expanded polystyrene (EPS) plant in Liesborn, Germany from Hirsch Servo Gruppe, Glanegg, Austria. The move comes as one of the many consolidation changes in this industry (we reported earlier).

10. Korean Investors SJL, KCC and Wonik Purchase Momentive for 2.660 mio Euro

A group of South Korean Investors consisting of SJL Partners, KCC Corporation and Wonik QnC Corporation (all Seoul, Korea) have entered into a binding agreement purchase MPM Holdings, Waterford, NY, USA, the owner of the Momentive Performance Materials. The investor group will also assume the net debt, pension and other liabilities of Momentive. Momentive is active in the field of silanes, silicones, fused quartz and specialty materials. It operates 24 production sites all around the globe and also 12 research centers. Its HQ was is located at Waterford, where Momentive had acquired the General Electric (GE) Silicone plant.

The buyer is an investor group consisting of private equity firm SJL Partners LLC, the chemical manufacturer KCC Corp. and the quartz/ceramic manufacturer Wonik QnC Corporation. The boards of directors of the three Korean companies and Momentive have unanimously approved the deal.The transaction is still subject to regulatory approvals and is expected to be completed within the first half of 2019.

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Editor-in-Chief: Ferdinand Leopolder.

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