Solvay SA (Brussels, Belgium; www.solvay.com) has completed the sale of its Neolor business to the Baotou Hongbo Te Technology Co. (HBT), as its Special Chem Global Business Unit (GBU) is refocusing its activities on selective high value-added segments in the growing automotive and electronics markets.
The divestment entails all of GBU Special Chem’s Neolor main equipment to produce Neolor products and the exclusive use of the specially-designed equipment. Furthermore, HBT acquires the intellectual property (IP) associated with the Neolor business and the commercial activities, as well as its marketing know-how.
Neolor is a unique range of rare-earth inorganic plastic-coloration pigments, that combine heat and weather resistance, UV absorption and infrared reflection properties. The range is available in three colors — light orange, orange and red — and has excellent heat stability, migration resistance and light stability, says Solvay.