BNP Paribas CF blank slides - LIFE-TRIALKYL · 2019-07-08 · Biocides Corrosion inhibitors...

17
Italmatch Chemicals Genoa, June 2019

Transcript of BNP Paribas CF blank slides - LIFE-TRIALKYL · 2019-07-08 · Biocides Corrosion inhibitors...

Page 1: BNP Paribas CF blank slides - LIFE-TRIALKYL · 2019-07-08 · Biocides Corrosion inhibitors Emulsion polymer LMW polymer HMW flocculants Fuel cleaning agents cted cts 25% global m.s.

Italmatch Chemicals

Genoa, June 2019

Page 2: BNP Paribas CF blank slides - LIFE-TRIALKYL · 2019-07-08 · Biocides Corrosion inhibitors Emulsion polymer LMW polymer HMW flocculants Fuel cleaning agents cted cts 25% global m.s.

0

66

136

244

212

23

248

148

23

20

125

193

41

155

91

162

13

17

87

86

86

149

195

65

220

230

242

187

186

186

Company overview & summary strategy

Page 3: BNP Paribas CF blank slides - LIFE-TRIALKYL · 2019-07-08 · Biocides Corrosion inhibitors Emulsion polymer LMW polymer HMW flocculants Fuel cleaning agents cted cts 25% global m.s.

0

66

136

244

212

23

248

148

23

20

125

193

41

155

91

162

13

17

87

86

86

149

195

65

220

230

242

187

186

186

The partner of choice for performance additives and specialty chemicals

3

Global, flexible and well

invested manufacturing

footprint with 17 best-in-

class facilities(1)

Leading player in 4 resilient end markets

Water and Oil Performance Additives

Lubricant Performance Additives

Flame Retardants and Plastic Additives

Specialty / Performance Products & Personal Care

Global platform and

continuous international

expansion, with net sales

outside Europe targeted

to reach 70% in the mid

term

Strong and solid financial

track record

6 state-of-the-art R&D

centres driving

innovation also in close

Partnership with

customers

Growth platform also fuelled by visible

strategic greenfield projects, rich M&A pipeline

supported by Shareholders

(1) Including 2 exclusive tollers

EMPLOYMENT +900 17 MANUFACTURING SITES PRO FORMA SALES 600 M €

Page 4: BNP Paribas CF blank slides - LIFE-TRIALKYL · 2019-07-08 · Biocides Corrosion inhibitors Emulsion polymer LMW polymer HMW flocculants Fuel cleaning agents cted cts 25% global m.s.

0

66

136

244

212

23

248

148

23

20

125

193

41

155

91

162

13

17

87

86

86

149

195

65

220

230

242

187

186

186

Long journey from a small MBO to the creation of a leading global platform

4

1997

1998

2001

2004

2006

2007

2008

2009

2010

2012

2013

2014

2015

2016

2017

2018

Creation of

Italmatch

Chemicals

First LT phosphorus

raw material supply

agreement in China

First Chinese JV and doubled

P2S5 production capacities in

Italy

Second Chinese JV

dedicated to phosphorus

and obtaining ISO 14000

Creation of the Chinese

subsidiary to produce

FR’s in Nantong

Creation of a specialty group

thanks to the acquisition of

Akzo Nobel Lube and

Specialty business (Arese)

Start production of

Phosphorus & Melamine

FR’s in Nantong

Development of a

innovative FR family

(Phoslite)

Expansion towards lube and

plastics through new

products development

Acquisition of

Undesa

Entry into Industrial Water markets through

acquisition of Thermphos Chlorides

and Dequest businesses

Acquisition of GRS

Chemical technologies

Acquisition of Solvay

Water Additives &

Desalination businesses

Acquisition of Compass

and Solvay mining and

Anti-corrosion businesses

Acquisition of Elco

Corp., Sudamfos

do Brazil and

Magpie

Acquisition of Jiayou

Chemical from Ecolab and

Polartech from Afton

Bain Capital acquires 90%

Organic growth initiatives

External growth initiatives

Key events Le

gen

d

2019

Acquisition of

BWA

Water Additives

and

Eco Inhibitors

Page 5: BNP Paribas CF blank slides - LIFE-TRIALKYL · 2019-07-08 · Biocides Corrosion inhibitors Emulsion polymer LMW polymer HMW flocculants Fuel cleaning agents cted cts 25% global m.s.

0

66

136

244

212

23

248

148

23

20

125

193

41

155

91

162

13

17

87

86

86

149

195

65

220

230

242

187

186

186

Broad ranges of performance additives and application know-how

5

Flame Retardants and

Plastic Additives

Performance Products and

Personal Care

Lubricant Performance

Additives

Water & Oil Performance

Additives

Engineering Thermoplastic (PA/PBT/PC/ABS)

Polyolefins

PVC, Epoxy, Rubbers, Foams, PUR

Mining & Agrochemicals

Chemical Intermediates

Lithium Batteries

Pharma

Cosmetic

Additives & Components for Industrial Lube Oil

MWF Additives, Neat Oil & Water

Grease

Synthetic Base Stocks

Fuel Additives

Intermediates for Engine Oil Ad Pack

Industrial & Institutional Cleaners

Household Detergents

Oil Extraction & Recovery

Desalination

Pulp & Paper, Geothermal, Mining

Precious Metal Recovery Main

mark

ets

Red phosphorus flame retardants

Melamine flame retardants

Phoslite flame retardants

Metallic Stearates

PVC additives

Antislip lubricating additives

Phosphorus chlorides

Fatty acid chlorides and esters

Special phosphites / phosphates

High purity HCL

OPA

Personal care (start-up)

P2S5

Polymeric esters

Conventional & complex esters

Amides

Sulphurides EP additives

Hydraulic fluids

Grease additives

MWF additives

Antiscalants

Biocides

Corrosion inhibitors

Emulsion polymer

LMW polymer

HMW flocculants

Fuel cleaning agents

Sele

cte

d

pro

du

cts

25% global m.s. in P2S5(2)

90% European m.s. in

Polymeric Esters for

lubricants

1 30% global m.s. in

antiscalant 1 25% global m.s. in PCl3 1 >70% European m.s. in

Red Phosphorus FR’s 1

25% global m.s. in P2S5

90% European m.s. in

Polymeric Esters for

lubricants

Mark

et

sh

are

s

Page 6: BNP Paribas CF blank slides - LIFE-TRIALKYL · 2019-07-08 · Biocides Corrosion inhibitors Emulsion polymer LMW polymer HMW flocculants Fuel cleaning agents cted cts 25% global m.s.

0

66

136

244

212

23

248

148

23

20

125

193

41

155

91

162

13

17

87

86

86

149

195

65

220

230

242

187

186

186

6

(1) Headquarters without production facilities; (2) Exclusive toller

Global and flexible manufacturing footprint

5

6

2 9

8

11

4

10

3 1

15

14

13

7

17

18

Integrated, global

platform

Reliable production

capacity

Well invested and flexible

set-up

Prime positioning

Industry leading HSE

track record

16

12

Bedford Park (USA) Huntsville (USA) Zaragoza (Spain) Manchester (UK) Jiayou (China) Nantong (China) Fangcheng (China) Hyderabad (India)(2) Osaka (Japan)(2)

10 11 12 13 14 15 16 18 17

Naples (Italy) Smyrna (USA) Cleveland (USA) Ashtabula (USA) Arese (Italy) Spoleto (Italy) Genoa (Italy)(1)

3 5 7 9

Newport (UK) Frankfurt (Germany)

4 8 6 1 2

Page 7: BNP Paribas CF blank slides - LIFE-TRIALKYL · 2019-07-08 · Biocides Corrosion inhibitors Emulsion polymer LMW polymer HMW flocculants Fuel cleaning agents cted cts 25% global m.s.

0

66

136

244

212

23

248

148

23

20

125

193

41

155

91

162

13

17

87

86

86

149

195

65

220

230

242

187

186

186

7

Global and flexible manufacturing footprint (cont’d)

Arese

Oil soluble radical polymerisation

Esters (natural & complex)

Organo phosphorus

Acid chlorides

Amides

Maleic anydride derivatives

ASA / PIBSA

Spoleto

Inorganic phosphorus derivatives

Halogen Free Flame retardants

Naples (GRS)

Water soluble polymers

Emulsion polymers

LMW-HMW Polymers

Fuel cleaning additives

New special resins

Newport

Phosphonates

Frankfurt

Phosphorus chlorides

Zaragoza

Stearine / Oleine

Fatty acid derivatives

Esterquats

PVC additives

Stearic esters

Metallic stearates

Oleo esters

Manchester

MWF components

Blending

Smyrna

Phosphonates

Biocides

Quats

Polymers

Phosphites / phosphates / esters

Esters

Fatty acid chlorides (next)

Huntsville

Blending

Cleveland

Sulphurized EP additives

Blending

Grease packages

Ashtabula

High purity HCL

ZDDP

Bedford Park

MWF components

Blending

Nantong

Melamine derivatives

Inorganic phosphinate

Red phosphorus FR’s

Changzhou

Water & oil additives

Nanning

P-S chemistry X engine oils

Osaka(1)

Phosphonates

Hyderabad(1)

MWF blending & components

Flexible set-up with ability to produce diversified batch chemistries at different plants

(1) Exclusive toller

Europe USA APAC 7 5 5

Flexible plants multi-chemistry

Page 8: BNP Paribas CF blank slides - LIFE-TRIALKYL · 2019-07-08 · Biocides Corrosion inhibitors Emulsion polymer LMW polymer HMW flocculants Fuel cleaning agents cted cts 25% global m.s.

0

66

136

244

212

23

248

148

23

20

125

193

41

155

91

162

13

17

87

86

86

149

195

65

220

230

242

187

186

186

8

Operational excellence based on solid pillars

Italmatch has established a comprehensive sustainable and ethical development strategy based on

Economic performance through Operational Excellence

Leadership in Technology and Market

Innovation and “Beyond” Innovation

Safety of People & Stakeholders is a key priority

Industrial risks and environment are closely managed through proactive cooperation with local Authorities

Operational Excellence program as a pillar to support growth and economic performance

Leading-edge technology

Continuous improvement of productivity and quality

Highly cost effective industrial platform

Key competitive advantages of Italmatch industrial strategy

Key certifications

Since 1991 Since 1997

Since 1992 Since 1996

+19% improvement

of accident frequency rate

+20% improvement

of accident severity rate

+14% reduction of

energy / raw material consumption (kWh / ton)

Page 9: BNP Paribas CF blank slides - LIFE-TRIALKYL · 2019-07-08 · Biocides Corrosion inhibitors Emulsion polymer LMW polymer HMW flocculants Fuel cleaning agents cted cts 25% global m.s.

0

66

136

244

212

23

248

148

23

20

125

193

41

155

91

162

13

17

87

86

86

149

195

65

220

230

242

187

186

186

9

Key pillars of Italmatch growth strategy

Long term

Partnership

culture with

clients

Innovation and applicative

expertise

External growth

(M&A)

& long term

initiatives

Strategic green/brown field

projects

Identified levers of growth

4

3

1

2

Page 10: BNP Paribas CF blank slides - LIFE-TRIALKYL · 2019-07-08 · Biocides Corrosion inhibitors Emulsion polymer LMW polymer HMW flocculants Fuel cleaning agents cted cts 25% global m.s.

0

66

136

244

212

23

248

148

23

20

125

193

41

155

91

162

13

17

87

86

86

149

195

65

220

230

242

187

186

186

10

Preferred “partnership” with customers as base for growth opportunities

Partnership-like relationships with customers

Sustainable long term growth opportunities and win-win situations for both Italmatch and its key customers

Growth driven approach, providing Italmatch with specific opportunities for diversification in new products and chemistries thanks

to strategic co-developments

Unlock unique greenfield (e.g. Engine Additives) and M&A opportunities (e.g. BWA)

Proven capabilities to understand and respond to challenging customer demands

Independent player with proven reliability to supply critical and strategic chemical products of high quality

Trustworthy relationships based on Italmatch independency, flexibility and ability to deliver critical products for customers

Page 11: BNP Paribas CF blank slides - LIFE-TRIALKYL · 2019-07-08 · Biocides Corrosion inhibitors Emulsion polymer LMW polymer HMW flocculants Fuel cleaning agents cted cts 25% global m.s.

0

66

136

244

212

23

248

148

23

20

125

193

41

155

91

162

13

17

87

86

86

149

195

65

220

230

242

187

186

186

11

State-of-the-art technical excellence centres and innovation strategy

Key pillars of Italmatch innovation strategy

Focus on Lubricants Water, Oil & Gas– MWF and

Personal Care

Momentum of recent investments reflected in

strong pipeline of new launches

Arese and Cleveland lube excellence centres to

become the heart of Italmatch R&D development

for Industrial lubricant and MWF markets, together

with recently added Manchester site

100 fully dedicated FTEs (c.11% of total FTEs)

demonstrating the strategic importance of

innovation

Customer and market-led R&D activities

leveraging on long term preferred relationships

with key customers

6 excellence R&D centres

Location Chemistries / Products End markets

Cleveland ■ Sulfur, zddp,

■ Organo-phosphorus,

■ Corrosion inhibitors

■ Industrial lubricants (MWF, greases, hydraulics)

Arese

Lube

■ Organo-phosphorus ■ Esters ■ Oil soluble polymers

Water & oil

■ Antiscalant (phosphonates) ■ Water soluble polymers ■ Biocides ■ Corrosion inhibitors

■ Industrial lube oil ■ Industrial MWF

(neat oil) ■ Water ■ Oil & Gas ■ Paper ■ desalinization ■ Mining ■ Geothermal

Manchester ■ Dispersants

■ Emulsifiers

■ Corrosion Inhibitors

■ MWF (Water based)

■ IWT & Oil&Gas

Spoleto ■ Inorgano-phosphorus

■ Flame retardants

■ Plastics FR

■ Engine oil additives

Zaragoza

■ One-pack additive

■ Stearates

■ Oleo esters

■ Esterquats

■ PVC additives

■ Plastic compounding

Antiscalants

Page 12: BNP Paribas CF blank slides - LIFE-TRIALKYL · 2019-07-08 · Biocides Corrosion inhibitors Emulsion polymer LMW polymer HMW flocculants Fuel cleaning agents cted cts 25% global m.s.

0

66

136

244

212

23

248

148

23

20

125

193

41

155

91

162

13

17

87

86

86

149

195

65

220

230

242

187

186

186

12

Advanced Water Solutions Products and trademarks

Dequest®, Briquest® & Mayoquest® Phosphonates (Antiscalants)

− Amino and acetic Phosphonates

− Custom-made solutions for special applications

Belgard®, Albrivap® Belite® and Flocon® Antiscalants & Antifoam for thermal & RO plant desalination

Bellasol®, Belclene®, Belsperse® and Dequest® Polymers (Dispersants/Antiscalants)

− PCAs

− Ter-Polymer (MA, EA, VA), Co-Polymers (AA, AMPS)

− Polymeric Inulin Derivatives (Carboxymethylated inulin)

− PMA / HPMA and PAA homopolymers

Bellacide® specialty biocides & synergistic formulations

Biocides (USA registered)

− Polyquats, LiquiBrom®

− BromiCide® (also EU registered)

− Quats

Magpie Precious Metal Scavenging Resins

Geogard® anti-scalants for geothermal plants

Corrosion inhibitors

− Belcor®, Bricorr 288®

− Imidazoline and Quats

Qualifloc® (Flocculants)

− Emulsion Polymers

Qualifloc® AF (Flocculants)

− Acrylamide Free Emulsion Polymers

Qualipol®

− Water based Polymers for Industrial process application

Kemfluid (Fabric Softener)

− Esterquats

Page 13: BNP Paribas CF blank slides - LIFE-TRIALKYL · 2019-07-08 · Biocides Corrosion inhibitors Emulsion polymer LMW polymer HMW flocculants Fuel cleaning agents cted cts 25% global m.s.

0

66

136

244

212

23

248

148

23

20

125

193

41

155

91

162

13

17

87

86

86

149

195

65

220

230

242

187

186

186

13

Lubricant Performance Additives Products and trademarks

Pentasit™ (antiwear engine oils)

− Phosphorus pentasulphide is a key raw material used for the production of high quality ZDDP that provides essential anti-wear as well as anti-oxidant properties in both automotive hydraulic as well as industrial engine oils

Ketjenlube™ (industrial oils)

− Polymeric esters for automotive & industrial gear oil and MWF/greases: antiwear additive or synthetic functionalised base

Dapralube™ (lube base stocks)

− Mono and polyol oleo esters for lubricants and MWF

Dapraquest™ (metalworking)

− A powerful sequestering agent for hard water applications in soluble oils phosphonic acid based chemistry

Elco™ (industrial lubricant additives)

− Light and dark sulphurised EP additives – sulfurization reaction, ZDDP and industrial packages for grease, metalworking and maintenance lubricants

Dapramid™ (friction modifiers)

− Oleo–amides/GMO for friction modification in automotive engine oils

Rhodafac™ ASI (corrosion inhibitors)

− Octyl-phosphonic acid corrosion inhibitors for zinc and aluminium

Dapraphos™ (antiwear additives)

− Special phosphites for ATF, industrial gear oil, greases and MWF

Dapral™ PA/PI (fuel additives)

− Thermal MA chemistry for polymeric amides/imides

Polartech™ : Water MWF additives & components

Page 14: BNP Paribas CF blank slides - LIFE-TRIALKYL · 2019-07-08 · Biocides Corrosion inhibitors Emulsion polymer LMW polymer HMW flocculants Fuel cleaning agents cted cts 25% global m.s.

0

66

136

244

212

23

248

148

23

20

125

193

41

155

91

162

13

17

87

86

86

149

195

65

220

230

242

187

186

186

14

Flame Retardants & Plastic Products and trademarks

Masteret™ (flame retardants)

− Red Phosphorus Based

Melagard™ (flame retardants)

− Melamine Based

Phoslite™ (flame retardants)

− New Phosphorus (low oxidation state) based, Fully colorable

Dapraslip™ (antislip)

− For plastics and inks

Kemilub™ (processing aids)

− Metallic stearates

Kemistab ™ (stabilizers)

− PVC stabilizers

Page 15: BNP Paribas CF blank slides - LIFE-TRIALKYL · 2019-07-08 · Biocides Corrosion inhibitors Emulsion polymer LMW polymer HMW flocculants Fuel cleaning agents cted cts 25% global m.s.

0

66

136

244

212

23

248

148

23

20

125

193

41

155

91

162

13

17

87

86

86

149

195

65

220

230

242

187

186

186

15

Performance Products/Specialties Products and trademarks

Acid Chlorides

− Personal care+Pharma+Agro

Phosphorus Chlorides

− Agrochemicals, FR’s/Water treatment, Lithium Batteries

Opa - Rhodafac ™ Asi

− Octyl-phosphonic acid for aluminium metal cleaning and pigment dispersant range

Dapral™

− MA derivatives/intermendiates for special applications

Red Phosphorus

– Agro/consumer/military

Polyamine Condensates

− Automotive/coating

Phosphorous Acid

− PVC additives/phosphate/Agro/Phosphonates

High Purity HCL

− Pharma

Page 16: BNP Paribas CF blank slides - LIFE-TRIALKYL · 2019-07-08 · Biocides Corrosion inhibitors Emulsion polymer LMW polymer HMW flocculants Fuel cleaning agents cted cts 25% global m.s.

0

66

136

244

212

23

248

148

23

20

125

193

41

155

91

162

13

17

87

86

86

149

195

65

220

230

242

187

186

186

16

Personal Care (Start up) Products and trademarks

Fatty Acid Esters, Alcohols and Derivates

Dapracare® Emollients

A range of products suitable to formulate elegant face and body care creams and lotions

Dapracare® Emulsifiers & Cream Base

Both O/W and W/O emulsifiers, as well as O/W cream bases to produce stable and modern emulsions

Dapracare® Thickeners & Consistency Giving Factors

To provide consistency to your emulsions and toiletries

Dapracare® Pearlizing & Anticaking agents

To add pearlescent effect and luxury aesthetics to your formulations and

avoid the formation of agglomerates in the powder formulations

Etidronic Acid and Tetra Sodium Salt of Etidronic Acid

Turpinal® Complexing agent

These products increase shelf life in Hair Bleaches and Hair Dyeing

Prevent oxidation of fatty acids in Soap Bars and are useful in Fragrance Stabilization in Toiletries

Page 17: BNP Paribas CF blank slides - LIFE-TRIALKYL · 2019-07-08 · Biocides Corrosion inhibitors Emulsion polymer LMW polymer HMW flocculants Fuel cleaning agents cted cts 25% global m.s.

0

66

136

244

212

23

248

148

23

20

125

193

41

155

91

162

13

17

87

86

86

149

195

65

220

230

242

187

186

186

17

CSR policy and priorities are

defined and publicly available on

its website also based on 231

Model/ Code of Conduct

Diversity & Equal Opportunities

are committed to respecting the

Local legislation as well as

difference of culture, values and

tradition of the countries where it

operates

Social dialogue with Unions &

Relations with Communities

are considered fundamental to

guarantee a good social climate

and are deemed good at all sites

Donation policy: Italmatch

supports projects carried out by

local communities, especially in

school and children education,

sports, disability

Future and Sustainability

The formation of a

«Multi Ethnic»

Management Team

The “Melting Pot” as the heart of our Identity

We believe in an Ethical and Sustainable business model. We’ve adopted an Ethical Code to improve our Governance. We’ve

developed a global vision and a local presence by creating shared Value and wellness for stake-holders, with respect for people,

environment and local communities of which we are a part. We respect our employees that represent the real «engine» for growth with

their enthusiasm, loyalty and entrepreneurial spirit.

Italmatch Chemicals Team at 20 Anniversary Celebration Italmatch Chemicals Chinese Team