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June 11, 2014
18:31 EDTOMNOmnova Solutions increases production capacity of acrylic resins
OMNOVA Solutions announced the completion of a major capabilities expansion at its Le Havre, France manufacturing facility, which will enable the company to increase its capacity to produce specialty acrylic resins for water-borne coatings. This multi-million euro expansion features semi-continuous polymerization and builds upon OMNOVA's existing capabilities for acrylic water-based chemistries in the United States in order to enhance regional service to customers in Europe, the Middle East, Africa and Asia.
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February 9, 2016
08:07 EDTOMNOmnova Solutions sells India rubber manufacturing business to Apcotex Industries
OMNOVA Solutions announced the sale of its India rubber manufacturing business to India-based Apcotex Industries Limited. The transaction includes the Valia, India manufacturing plant and its associated product lines: acrylonitrile butadiene rubber in bale form, high styrene rubber masterbatches, and NBR-PVC polyblends. Importantly, OMNOVA Solutions will maintain its sales office in Mumbai to manage the continued growth of the company's specialty polymers in the Indian market through imports from other OMNOVA facilities in Asia, Europe and North America. The India rubber manufacturing business was sold to Apcotex under a share purchase agreement for cash proceeds of approximately $5M. For fiscal 2015, the business generated approximately $28.2M in sales and reported a net loss of $400K. The sale is not expected to have any material impact on OMNOVA's operating income for 2016.
February 3, 2016
11:27 EDTOMNOmnova Solutions management to meet with CL King
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