Profile: Ashland Global Holdings Inc (ASH.N)
24 May 2017
Ashland Global Holdings Inc., incorporated on May 6, 2016, is a global specialty chemicals company. The Company provides products, services and solutions to customers in various industries in over 100 countries. The Company operates in two segments: Ashland Specialty Ingredients (Specialty Ingredients) and Ashland Performance Materials (Performance Materials). The Company serves customers in a range of consumer and industrial markets, including adhesives, architectural coatings, automotive, construction, energy, food and beverage, personal care and pharmaceutical.
Ashland Specialty Ingredients
The Company's Specialty Ingredients segment is engaged in providing cellulose ethers, vinyl pyrrolidones and biofunctionals. Its Specialty Ingredients uses natural, synthetic and semisynthetic polymers derived from plant and seed extract, acrylic polymers, as well as polyester and polyurethane-based adhesives. The Specialty Ingredients segment includes two divisions: Consumer Specialties and Industrial Specialties. These divisions offer solutions for consumer and industrial applications. Its customers include pharmaceutical companies; makers of personal care products, food and beverages; manufacturers of paint, coatings and construction materials; packaging and converting, and oilfield service companies.
The Consumer Specialties division includes the oral care, hair care, skin care, home care, and pharmaceutical and nutrition portfolios. Its portfolio of oral care products delivers active ingredients in toothpaste and mouthwashes; provides bio adhesive functionality for dentures; delivers flavor, texture and other functional properties, and provides product binding to ensure form and function throughout product lifecycle. Its portfolio of hair care products includes advanced styling polymers, fixatives, conditioning polymers, emulsifiers, preservatives and rheology modifiers. Its portfolio of skin care products helps to firm, nourish, revitalize and smooth skin. The Skin Care line also provides sun care products, including ultraviolet (UV) filters, water-resistant agents and thickeners. Its portfolio of products and technologies is used in various cleaning applications, including fabric care, home care and dishwashing. Its products are used in various applications for viscosity enhancement, particle suspension, rheology modification and stabilization. The Company also supplies excipients and tablet coating systems to the pharmaceutical and nutraceutical industries. The excipients division offers a range of polymers for use as tablet binders, superdisintegrants, sustained-release agents and drug solubilizers, as well as a portfolio of tablet coating systems for immediate-, sustained- and delayed-release applications. Its nutrition portfolio provides functional benefits in areas, such as thickening, texture control, thermal gelation, structure enhancement, water binding and clarification. Its core products include cellulose gums and vinyl pyrrolidone polymers, which are used in a range of offerings for bakery, beverage, dairy, desserts, meat products, pet food, prepared foods, sauces and savory products.
The Industrial Specialties division includes coatings, construction, energy, adhesives and performance specialties. Coatings Specialties offers rheology solutions for waterborne architectural paint and coatings. Its products include hydroxyethylcellulose (HEC), which provides thickening, and application properties for interior and exterior paints, and nonionic synthetic associative thickeners (NSATs), which are liquid synthetics for paint and industrial coatings. It also offers performance foam-control agents, surfactants and wetting agents, dispersants and potential of Hydrogen (pH) neutralizers. Construction Specialties is a producer and supplier of cellulose ethers and companion products for the construction industry. These products control properties, such as water retention, open time, workability, adhesion, stabilization, pumping, sag resistance, rheology, strength, appearance and performance in dry-mortar formulations. Energy Specialties is a manufacturer of guar-, synthetic- and cellulosic-based products for drilling fluids, oil-well cement slurries, completion and workover fluids, fracturing fluids and production chemicals. Specialty Ingredients offers the oil and gas industry solutions for drilling, stimulation, completion, cementing and production applications. Adhesives Specialties manufactures and sells adhesive solutions to the packaging and converting, building and construction, and transportation markets, and manufactures and markets specialty coatings and adhesive solutions for use across multiple industries. Its technologies and markets include acrylic polymers for pressure-sensitive adhesives; urethane adhesive for flexible packaging applications; aqueous and radiation-curable adhesives and specialty coatings for printing and converting applications; emulsion polymer isocyanate adhesives for structural wood bonding; elastomeric polymer adhesives for commercial roofing applications; acrylic, polyurethane and epoxy structural adhesives for bonding fiberglass reinforced plastics, composites, thermoplastics and metals in automotive, marine, recreational and industrial applications, and specialty phenolic resins for paper impregnation and friction material bonding. Performance Specialties provides products and services to over 30 industries. The Company offers a range of organo- and water-soluble polymers that are derived from both natural and synthetic resources. Its product lines include derivatized cellulose polymers, synthetics, guar and guar derivatives.
Ashland Performance Materials
The Company's Performance Materials segment is engaged in providing unsaturated polyester resins and vinyl ester resins. It is also engaged in providing gelcoats, maleic anhydride, butanediol, tetrahydrofuran, N-Methylpyrrolidone and other intermediates and solvents. Its customers include manufacturers of residential and commercial building products; industrial product specifiers and manufacturers; wind blade and pipe manufacturers; automotive and truck original equipment manufacturer (OEM) suppliers; boat builders; engineered plastics and electronic producers, and specialty chemical manufacturers. It markets and distributes its products directly and through third-party distributors in the Americas, Europe, the Middle East, Africa and Asia Pacific.
The Company's Performance Materials segment consists of two divisions: Composites and Intermediates/Solvents. The Composites division manufactures and sells a range of unsaturated polyester and vinyl ester resins, gelcoats and low-profile additives for the reinforced plastics industry. Its markets include the transportation, construction, marine and infrastructure end markets. Performance Materials' composite products provide an array of functional properties, including corrosion resistance, fire retardance, ultraviolet resistance, water and chemical resistance. In addition, the division also manufactures and sells molten maleic anhydride for the manufacture of a range of products, such as unsaturated polyester resins, copolymers, lubricating oil additives, alkenyl succinic anhydrides, malic acid, fumaric acid and numerous derivative chemicals.
The Intermediates/Solvents division is a producer of 1,4 butanediol and its derivatives, including tetrahydrofuran and n-methylpyrrolidone. These products are used as chemical intermediates in the production of engineering polymers and polyurethanes, and as specialty process solvents in a range of applications, including electronics, construction and active pharmaceutical ingredient manufacture. Butanediol is also supplied to Specialty Ingredients for use as a raw material.
Ashland Global Holdings Inc
50 E Rivercenter Blvd
COVINGTON KY 41011-1683
Company Web Links
- BRIEF-Ashland Global Unit enters into amendment no. 1 to credit agreement
- BRIEF-Ashland LLC unit of Ashland Global Holdings entered into credit agreement with lenders
- BRIEF-Ashland Global's board declares cash dividend of 22.5 cents
- Reichhold gains conditional EU approval for Polynt buy
- Reichhold gains conditional EU approval for Polynt buy