Our regular look at the dynamics of a global acrylics business.
Lucite International was listed 39th in the UK’s Top Track 100, a listing that tracks and then ranks Britain’s top-performing private companies and the entrepreneurs who run them. Gaining a position in the top 50 per cent of privately owned UK companies represents a significant achievement,particularly in plastics arena where the cost of raw materials and energy has spiralled over the past 12-18 months.
Perspex from Lucite was chosen to create a spectacular sign for the new Fort Dunlop shopping centre in Birmingham, the UK’s second largest city. Winning ‘Best Commercial Sign’ and ‘Best Illuminated Sign’ before going on to win the overall ‘Sign of the Year award, the spectacular, Holywood style sign features individually illuminated letters standing 2.5m high and spans an impressive 45 metres. The sign’s creators, ASG used a combination of Perspex Opal LED grade for optimum light transmission, a specially programmed, RGB controlled LED lighting system and a huge amount of creative flair to come up with this landmark sign, which caught the attention of this year’s Sign Industry Awards judging panel.
Travellers browsing at Dubai airport’s busy Duty Free shopping area need look no further than the giant Cadbury chocolate dispenser for a sweet treat. Fabricated and installed by local Dubai-based, Craftsman, and designed by UK company, Kensington Design, the chocolate point of sale dispenser uses Perspex® Frost in 5mm thick Aurora Violet – a perfect match for the globally recognised corporate colour of the Cadbury brand.
Two of Lucite International Inc’s sites in Memphis, Tennessee were recognised with safety excellence awards by the Tennessee Occupational Safety and Health Administration (TOSHA) at a presentation ceremony on 2 August 2006 in Nashville. And the Company was among 93 organisations across Canada, Europe and the USA to receive a Safe Handling Award from the Canadian National Railways Company (CNR). Launched in 1992, the awards are presented each year to CNR customers in recognition of their safe and judicious handling of dangerous goods on the railways. The Safe Handling Awards programme is part of a series of initiatives aimed at making CNR the safest railway in North America.
Lucite International, owner of the world-renowned Lucite® and Perspex, brands, and a global leader in the innovation, design and manufacture of acrylic based products announces the construction phase of its first Alpha technology methyl methacrylate (MMA) plant in Singapore. The Singapore operation, which will be commissioned in early 2008, has a capacity of 120kte per annum, and is the first in a series of state-of-the-art Alpha-based production facilities being built by the Company globally. An official ground breaking ceremony with engineering partners, Foster Wheeler Energy Limited, took place on site on 19 July 2006.
Lucite International has created a new organisation, Lucite International Singapore Private Limited (LISPL), dedicated to bringing the Company’s first patented Alpha technology plant on stream and into full commercial production by mid 2008. A highly experienced, Singapore-based leadership team is in place with Nick Cordingley as General Manager (previously Site Director at Lucite International, Rozenburg in Holland), Ming-Shuenn Ng as Commercial Manager and Heng Fong Dian as Financial Controller. David Wu will join as Plant Manager on 1 September 2006. The new LISPL team brings together both global and Asia-specific business and manufacturing experience.
Chairman of LISPL, Neil Sayers commented: “We are all delighted to see Alpha become a reality with the construction of our first new technology plant in Singapore. It has taken more than 10 years of dedicated team development work to get us where we are today. The Singapore plant is the first in a series of Alpha-based facilities, which will progress in scale and speed of installation as we go forward. And we are already well down the track with detailed plans for our second plant – Alpha 2, a significantly bigger operation that will have the capability of producing 250kte per annum. Alpha 2 is expected to be in full-scale production in 2011 with Alpha 3, 4 and possibly more beyond.”
Lucite International’s new technology plants will complement the Company’s existing facilities in China, the USA, Europe, Japan and Taiwan and will be key to the success of its strategy for global growth. Singapore was chosen as the location for the first Alpha plant because of the established and vibrant nature of its chemical industry, the availability of high quality and well-trained staff, proximity to the Asian market and the ongoing support of the Singapore Economic Development Board.
Notes for Editors re ALPHA and Corporate Lucite International:
The novel, patented Alpha technology for producing MMA was developed by Lucite International over a 10-year period at its research centre in Wilton in the UK. Alpha offers economic and environmental benefits over existing manufacturing routes and utilises novel catalyst systems also developed by Lucite International. Alpha will liberate the MMA industry from its historical dependence on the raw materials acetone, HCN and isobutylene, which are by products from other ‘primary’ processes. Alpha uses ethylene, methanol and carbon monoxide, which are all readily available and will not limit Alpha’s unique scale potential.
Lucite International is a global manufacturer and marketer of Methacrylates, the main building block of acrylic, which it either sells direct as monomer or transforms into acrylic-based products that it makes under three further product groupings: specialities, resins, polymer, sheet and composite materials. Customers convert these into a diverse range of consumer, architectural, high-tech and medical products. Lucite International is the world’s leading supplier of Methyl Methacrylate, with around 25% of the world market by volume and the capacity to produce 1.9 billion Ibs (850kte) per annum of acrylic products. The Company has an annual turnover in excess of US$1 billion and employs a workforce of 2000 people serving customers in more than 100 countries worldwide.