HOUSTON (BUSINESS WIRE) March 22, 2019. Westlake Chemical Corporation (NYSE: WLK), today announced the company has joined the Alliance to End Plastic Waste (AEPW), an organization launched in January 2019 to advance solutions to eliminate plastic waste in the environment, especially in the ocean.

“Westlake is pleased to have joined the Alliance to End Plastic Waste as part of our long-standing commitment to sustainability”, said Albert Chao, President and Chief Executive Officer, Westlake Chemical Corporation. “With our core value of being a good corporate citizen, we are committed to being a leader in sustainable practices and a responsible environmental steward”.

Blending its chemical capabilities with a strong, downstream building products business, Westlake delivers life-enhancing products that benefit lives every day. From polyethylene that is used daily in food packaging, to vinyl pipe that is used to deliver clean drinking water and irrigate fields, to caustic soda that is used in pulp and paper manufacturing like carton boxes, our products make a difference in the world.

About the Alliance to End Plastic Waste AEPW is a not-for-profit organization, partnering with the finance community, government and civil society, including environmental and economic development NGOs. The Alliance is made up of about 30 companies that have committed more than $1 billion, with the goal of investing $1.5 billion over the next five years to help end plastic waste in the environment. The Alliance will develop, deploy and bring to scale solutions that will minimize and manage plastic waste and promote solutions for used plastics, including reuse, recovery, and recycling plastic to keep it out of the environment. For more information, please visit www.endplasticwaste.org.

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Plasgom has installed an automated external defibrillator (AED) in its facilities, with the aim of being able to act quickly in the event of a cardiac arrest that anyone can suffer. The device is in the lobby of the company, although it is portable and can be easily moved to any place of our facilities. The installation of the AED is part of the preventive measures plan that Plasgom has implemented with the aim of protecting its employees and collaborators.

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Plasgom ha instalado un desfibrilador automático (DEA) en sus instalaciones, con el objetivo de poder actuar con rapidez ante la eventualidad de una parada cardíaca que cualquier persona pueda sufrir. El dispositivo se encuentra en el hall de la empresa, aunque es portátil y puede trasladarse fácilmente hacia cualquier lugar de nuestras instalaciones. La instalación del DEA se enmarca dentro del plan de medidas preventivas que Plasgom ha tomado la decisión de implantar con el ánimo de proteger a sus empleados y colaboradores.

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Responsible Care is the global chemical industry’s unifying commitment to the safe management of chemicals throughout their life cycle, while promoting their role in improving quality of life and contributing to sustainable development.

More info

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Global PVC Compounding Solutions Business to be Acquired in $265 Million Transaction.

LOS ANGELES, CA and PARIS, FRANCE – September 25, 2018 – OpenGate Capital, a global private equity firm, announced today that it has signed an exclusivity agreement with Westlake Chemical Corporation (NYSE: WLK), pursuant to which Westlake has made a binding offer to acquire NAKAN, a global PVC compounding solutions business headquartered in Reims, France. The transaction is valued at $265 million and is anticipated to be completed by early 2019.
NAKAN has eight production facilities located in China, France, Germany, Italy, Japan, Mexico, Spain and Vietnam, as well as a world-class research facility in France and application laboratory in the United States. NAKAN products are used in a wide-variety of applications by customers in the automotive, building and construction, and medical industries.
OpenGate Capital acquired NAKAN in 2015, through the acquisition of Ivy Group, during the firm’s pre-fund, legacy investment period. Ivy Group, formerly known as Kem One Innovative Vinyls, was acquired through a French administration process that originated with a complex acquisition of Kem One SAS in 2014, a fully integrated upstream producer of PVC resins.
Under the terms of the offer, which is subject to exclusivity protection, Westlake will pay approximately $265 million in cash, subject to adjustment. The binding offer will permit NAKAN to comply with its consultation obligations with French works councils prior to entering into a negotiated, mutually binding purchase agreement.
Andrew Nikou, OpenGate Capital’s founder and CEO stated, “OpenGate Capital’s acquisition of NAKAN in 2015 marked an important point in our firm’s growth as it strengthened our position as a lower middle market firm specializing in operationally complex, often cross-border transactions. I am so proud of the work that has been accomplished and congratulate the NAKAN and OpenGate teams on their work that has resulted in the signing of this important agreement.”
OpenGate Capital’s Partner overseeing the negotiations, Sebastien Kiekert Le Moult stated, “The transformation of NAKAN since acquisition is a proud achievement in the history of OpenGate Capital and we are very pleased with the level of growth achieved by the business throughout our period of ownership. We look forward to working with Westlake as we complete the employee consultation process.”
The transaction is expected to close by early 2019, subject to receipt of regulatory approvals, completion of required employee consultation procedures and other customary closing conditions.

About OpenGate Capital
OpenGate Capital is a global private equity firm specializing in the acquisition and operation of businesses to create new value through operational improvements, innovation and growth. Established in 2005, OpenGate Capital is headquartered in Los Angeles, California with a European office in Paris, France. OpenGate’s professionals possess the critical skills needed to acquire, transition, operate, build and scale successful businesses. To date, OpenGate Capital, through its legacy and fund investments, has executed more than 30 acquisitions including corporate carve-outs, management buy-outs, special situations and transactions with private sellers across North America and Europe. To learn more about OpenGate, please visit www.opengatecapital.com.
For more information, please contact:
OpenGate Media Contacts
Alanna Chaffin
Email: achaffin@opengatecapital.com
Telephone: +1 (310) 432-7000

Mike Sitrick
Sitrick & Company
Email: Mike_Sitrick@sitrick.com
Telephone: (310) 788-2850

OpenGate Business Development Contact
Joshua Adams
Email: jadams@opengatecapital.com
Telephone: +1 (310) 432-7000

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The 32nd International Exhibition on Plastics and Rubber Industries took place from April 24th to 27th in Shanghai City.
Nakan was present for the first time as an independent brand where samples from each business line were shown: Automotive Interior, Automotive Exterior, Consumer Goods, Packaging, Healthcare, Building & Construction, Stabilizers.
We introduced our worldwide manufacturing locations, customized R&D capability, strict quality control, quick technical response, and global marketing activities offered by Nakan.
Plasgom team was present at Chinaplas, showing a wide range of innovative applications.

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As an introduction to the most commonly used tests for thermoplastic compounds, herein we will focus on physical property testing:

Testing agencies
Several national and international agencies establish and publish testing specifications for industrial materials. The most commonly used standards in the United States come from ASTM International.

A major international organization similar to ASTM International is the International Organization for Standardization (ISO). Both agencies have a common goal of developing standards in hopes of facilitating the exchange of quality goods and services and ensuring their safe use.

Physical property testing
Physical property tests measure the molecular structure of the material which can often effect the physical properties. The most important properties for measurement include:

• Specific Gravity (ASTM D792): The ratio of the density of a liquid or solid mass to the density of water at a specific temperature.
• Hardness (ASTM D2240): The resistance of a plastic material to indentation. It is measured on a durometer machine which led to the industry to call hardness “duro.” Normal specification is plus or minus 3 and three scales are used: Shore A for flexible, Shore C for semi rigid and Shore D for rigid. Usually a delayed reading of 10 or 15 seconds is used.
• Tensile Strength (ASTM D638): The maximum nominal stress sustained by a test specimen being pulled from both ends, at a specific temperature and a specific rate of stretching. Specification is a minimum amount in Pascals, (10-6 N/mm2).
• Elongation (ASTM D638): The amount of increased length of a material until breakage. Specification is a minimum percentage.
• Flexural properties (three point bending method) (UNE-EN ISO 178): The three point bending flexural test provides values for the modulus of elasticity in bending, flexural stress, flexural strain and the flexural stress-strain response of the material. The main advantage of a three point flexural test is the ease of the specimen preparation and testing.
• Impact Energy-Charpy ( UNE-EN ISO 179): The Charpy impact test, also known as the Charpy V-notch test, is a standardized high strain-rate test which determines the amount of energy absorbed by a material during fracture. This absorbed energy is a measure of a given material’s notch toughness and acts as a tool to study temperature-dependent ductile-brittle transition.

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The polymer coextrusion process is one of the most important in the industrial sector for a better cost / benefit in multiple applications. It is used when the requirements can not be met by a single material. Also to reduce costs by using lower quality material to fill the interior of an application whose outer layers must have high performance.
This is an extrusion technique allowing to “join” two or more plastic materials with dissimilar characteristics for a given configuration.
Examples of co-extruded profiles uses in rigid and flex PVC:
•Automotive: Door and window gaskets.
•Construction: Building sealing.
•Signaling: Transparent PVC price tag profiles.
The main advantages of co-extrusion are:
• Combination of specific properties:
It optimizes the characteristics of both materials with a perfect adhesion between them. Good design should aim to reduce the required amount of material.
Rigid section: Part of the profile usually supporting static loads, fixing, or aesthetic, where important properties can be high impact, gloss, transparency.
Flexible section: it is usually the part needing dynamic recovery and providing sealing / insulation. It may be exposed to grease and oil and sometimes has good behavior at low temperatures.
• Reduction in the number of manufacturing steps:
The number of processes required to obtain desired properties are reduced. Thus more floor space is available and less material waste is generated.
• It allows the recycling of materials:
As both thermoplastic materials belong to the same family, recycling is easy.
Plasgom has an extensive formulation for multiple applications requiring these properties.

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Last November 7th José Ramón Fernández was invited to participate in “El club de les ments inquietes”, a Radio 4 program hosted by David Escamilla. The program invites every week three successful entrepreneurs to bring an overview of the business world from their own values.

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