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Honeywell to Develop Broader Range of Specialized Polyethylene Waxes for Adhesives

Published on 2012-01-05. Author : SpecialChem

MORRIS TOWNSHIP, N.J. -- Honeywell (NYSE: HON) has purchased Evonik Industries' portfolio of manufacturing technology, including patents, for the production of polyethylene waxes used in a variety of applications, from paints and coatings to adhesives and inks.

The technology features Ziegler-Natta catalysts, which have been used to produce polymers such as polyethylene since 1956. Today, the majority of plastics and chemicals manufactured around the world are produced using this technology.

The technology will supplement Honeywell's existing extensive line of wax additives, which help improve the performance of a variety of products around the world. Honeywell waxes make paints and coatings more durable; help pipe manufacturers extrude PVC faster and reduce energy usage; and improve the stickiness of labels and cardboard box adhesives.

"This technology purchase expands Honeywell's ability to develop new additives that can solve a variety of challenges for our customers in the paints, plastics, coatings, adhesives and inks industries," said Lincoln Germain, global business director for Honeywell's Specialty Additives business. "Ziegler-Natta-based technology is a great complement to Honeywell's already broad set of manufacturing technologies for polyethylene additives."

More than 50 years ago, Honeywell became the first commercial manufacturer of low-molecular-weight polyolefin polymers. Today, Honeywell offers one of the world's most extensive lines of synthetic waxes. Honeywell's many recognized brands include Honeywell Rheochem®, Honeywell A-C®, Honeywell AClyn® and Honeywell ACumist®. Honeywell continues to make investments to better serve its customers around the world.

Evonik Industries is one of the world leaders in specialty chemicals. Its activities focus on key megatrends including health, nutrition, resource efficiency and globalization. Evonik conducts business in more than 100 countries globally.

About Honeywell

Honeywell Specialty Materials is a global leader in providing customers with high-performance specialty materials, including fluorine products; specialty films and additives; advanced fibers and composites; intermediates; specialty chemicals; electronic materials and chemicals; and technologies and materials for petroleum refining.

Honeywell International is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell's shares are traded on the New York, London, and Chicago Stock Exchanges.

Forward Looking Statements

This release contains certain statements that may be deemed "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements.

Source: Honeywell

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