Sustainability and Digitalisation seen as main Challenges for Society globally

Specialty chemicals and food ingredients distributor IMCD N.V. (Rotterdam, The Netherlands)  announced that it has published its first Sustainabilty Report. The document provides energy consumption, water use and emissions data for the full year 2018. 

“Sustainability and digitalisation are the main challenges that face our society globally. As IMCD’s presence around the world increases, our impact on the environment and society becomes more important”, said Maurits van Kolck, IMCD’s Regulatory, Quality and Sustainability Director. “That’s why we are accelerating our sustainability efforts with the aim to grow the business while reducing our global environmental footprint through clear and measurable targets.”

The report can be downloaded from the company website via the link https://www.imcdgroup.com/about-us/sustainability-and-regulatory/sustainability

IMCD is a member of the Together for Sustainability (“TfS”) initiative. The company has earlier received a “Silver” recognition from EcoVadis for 2018.

Source: IMCD press release, IMCD website

HGE – DCG / 30.09.2019

Addition of Monachem Additives to enhance “Advanced Materials” Footprint

Specialty chemicals and food ingredients distributor IMCD N.V. (Rotterdam, The Netherlands)  announced that it has acquired 100% of the outstanding shares of  Monachem Additives Private Limited and Addpol Chemspecialities Private Limited [together “Monachem Additives”] (Vadodara, Gujarat – India) for an undisclosed amount. The two businesses will be integrated into IMCD’s existing organisation by 2020.

Monachem Additives was astablished in 1974 and sells a broad range of additives, particularly to the Plastics industry. In FY 2018/19 (ending 31. March 2019), the company had revenues of INR 800 mn (ca. EUR 10 mn) and employed a staff of 22 persons, IMCD said in the announcement.

IMCD plan is to enhance its footprint in the “Advanced Materials” sector. It is paying the consideration from available cash and existing facilities. No financial details were disclosed on the transaction.

Source: IMCD press release

HGE – DCG / 20.09.2019

Lars Wallstein to head IMCD Deutschland GmbH in Cologne

Specialty chemicals and food ingredients distributor IMCD N.V. (Rotterdam, The Netherlands)  announced that it has merged Hamburg based Velox GmbH into the newly established IMCD Deutschland GmbH, formerly IMCD Deutschland GmbH & Co. KG (Cologne, Germany) effective 01. September 2019. The company said it will maintain its current locations in Cologne, Freiburg and Hamburg.

Effective the above date, Lars Wallstein has been named Managing Director of the legal entity. He joins from Emulsion Polymers producer Sythomer and follows Frank Schneider, who will focus solely on his responsibilities as a Member of IMCD’s Group Executive Committee in the future.

Source: IMCD customer information

HGE – DCG / 19.09.2019