Demand for PET Packaging Material to reach $60 billion by 2019
The global PET packaging market is worth $48.1 billion in 2014, amounting to almost 16 million tonnes according to a market report from Smithers Pira.
Market
News Plastech
Evonik acquires US silicic acid esters producer
With its acquisition of the US company Silbond, Evonik consolidates its position on the global market of functional silanes.
German machines' sales nearing records level
Turnover in plastics and rubber machinery manufacturing fell only slightly short of the most recent record of 6.5 billion euro.
Weak paper demand hits BASF
BASF will shut down an annual capacity of latex of 120,000 metric tons and cut 250 jobs.
Analysts expect caps & closure market to grow
The caps & closures market is estimated to grow from $42.7 billion in 2012 to $56.6 billion by 2018.
First European application of Lanxess' Lewabrane membrane
Lanxess' fouling-resistant membrane technology is being used on a large scale at the Dammweg thermal power station in Chemnitz, Germany.
Sibur sold OJSC Plastik
The company has sold its 100% stake in OJSC Plastik to the group of private investors for RUB 575 million.
Lanxess increases prices for rubber chemicals
The price increases will impact all product lines and will range from 0.05 Euro/kg to 0.30 Euro/kg.
Bioplastics market grows above average
The bioplastics market is predicted to grow from around 1.4m tonnes in 2012 to approximately 6.2m tonnes in 2017, according to European Bioplastics.
Dow separates from chlorine business
Assets are being carved out for future transactions represent up to $5 bn of total annual revenue.
Growth slows in Europe's flexible packaging industry
Last year annual value growth in flexible packaging slowed to 2.1%, according to the study of PCI Films Consulting.
Dow sells Polypropylene Licensing & Catalysts business
Dow's global PP Licensing & Catalysts business will be divested to W. R. Grace & Co. for $500m.
Borealis sells melamine business
Borealis announced the sale of its proprietary Melamine high pressure process technology to Swiss company Urea Casale SA.
Injection molding machine's producer expands in South-Eastern Asia
Engel opened new sales and service branch in Bagkok.
Sumitomo Bakelite Co., Ltd. Group unveils its new structure
Sumitomo Bakelite Co., Ltd. Group unveils a new identity for its High Performance Plastics Business Unit to customers around the world.
Borealis acquires DEXPlastomers in Geleen
Provider of solutions in the fields of polyolefins, base chemicals and fertilizers, announced that it has acquired DEXPlastomers VOF in Geleen.
Evonik announces price increase
Prices for products from the Acrylic Monomers as well as PLEXIGLAS and PLEXIMID Molding Compounds will rise.
UK's plastics producers in good spirits
British plastics producers stay optimistic, according to the latest British Plastic Federation survey.
Velox expands portfolio to include composites product range
Velox, the Hamburg-based distributor of raw material specialities, acquires the composites business of the Belgian Azelis Group. At the time of acquisition this Azelis business area comprises some 50 employees in 12 European countries and reports turnover of around € 50 million.
BASF focuses global EPS business on strategic markets
In ligh of high overcapacities and low margins in some regions, BASF is focusing its global Styropor (EPS: expandable polystyrene) activities on strategic markets and core products with better profitability.
PolyOne expands innovation centers
PolyOne expands innovation centers for increased customer collaboration and development
More market movement with materials management
At the beginning of 2012, motan-colortronic ag, Hunzenschwil, Switzerland, secured a prestigious order worth millions (of Euros) from a customer in Colombia. Iberplast S.A., with its headquarters in Bogotá, had started a substantial modernising project in 2011.
Italian M&G Group to build PET & PTA plants in Texas
Gruppo Mossi & Ghisolfi (M&G Group), leading producer of PET for packaging applications in the Americas and the market's technological leader, announces that it has purchased the land in Corpus Christi, Texas where it will build its one million tons per year PET plant (2.2 billion pounds) and accompanying 1.2 million tons per year (2.6 billion pounds) PTA plant.
Chinaplas reveals the vitality of the plastics & rubber industries in Asia
According to McKinsey's report released in June 2012, the world's economy center is shifting eastward by 140km per year from year 2000-2010. The anticipated economic growth of 47% from 2010 to 2025 comes from 440 cities in developing countries, among which half of them belong to China.
SABIC and ExxonMobil toproceed with specialty elastomers project at Al-Jubail
Saudi ArabiaSaudi Basic Industries Corporation (SABIC) and affiliates of ExxonMobil have announced they will construct a world-scale specialty elastomers facility at the Al-Jubail Petrochemical Company (Kemya) manufacturing joint venture.
Labels: adding value to packaging
The evolution of supply and demand for self-adhesive labels is not just a matter of collecting and interpreting industry statistics and quantitative indicators.
Braskem inaugurates new PVC plant that marks its largest investment to date
The new R$1 billion plant will serve clients in sectors of strategic importance to the country's development, such as home building, basic sanitation and infrastructure.
Dow begins production of Enlight Polyolefin Encapsulant Films
The Dow Chemical Company said that it has begun production in Thailand for Enlight Polyolefin Encapsulant Films for use in photovoltaic solar panels.
Azelis sells its Thermoplastic Polymers Business Area
Azelis has announced, in line with its strategy to focus on specialty chemicals and ingredients, the sale of the Thermoplastic Polymers Business Area within the Azelis Group to Gazechim Plastics who has acquired this business.
Husky further invests in China to meet needs of growing customer base
Husky Injection Molding Systems has announced additional investments to support its continued growth in China with plans to establish a new manufacturing facility in the region of Suzhou.
PET collection figures for 2011
Petcore and EuPR has announced that European post-sorting PET collection reached 1.59 Million tonnes in 2011, an increase of 140 Ktes (9.4%) on 2010. For the EU 27 countries growth in collection is stable at 2%.
Mauser has acquired a majority stake in container solutions South Africa
Effective June 29, 2012 the reconditioning subsidiary of Mauser, NCG has acquired 51 percent of the shares in Container Solutions South Africa, the leading reconditioning company in South Africa.
The year of the Second Generation
Five years after introduction of the „Planet Machines“ Saturn, Mars, Jupiter, Venus and Pluto, Haitian International presents its next generation of these successful series. In line with customer feedback of the last five years, Haitian, Zhafir and Tianjian are showcasing customer driven machines.
Elasto Müller Kunststoffe expand in caps and closures market
Elasto Müller Kunststoffe, the TPE division of Hexpol, is pleased to announce they have agreed a deal to take over the business activities of European Plastic Sealants (EPS) based in Sottrum, Germany from 1 July 2012.
Evonik plans new facility in Brazil
Evonik Industries AG intends to build a facility for the biotechnology production of Biolys in the Brazilian town of Castro in the state of Paraná.
Klöckner Pentaplast Group completes successful recapitalization
Klöckner Pentaplast announces the successful recapitalization and strengthening of its capital structure with the support of its lenders.