La Seda improves its results
La Seda de Barcelona, the Spanish PET resin and packaging group, has benefited from operational improvements which it started last year as part of a five-year restructuring plan.
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BASF expands production of insulation material Styrodur C
BASF will substantially expand the production plant for the insulation material Styrodur C at the Ludwigshafen site in Germany. This will increase the production capacity of the extruded polystyrene rigid foam panels (XPS) from the current 1.3 million m³ by an additional 220,000 m³.
Sibur acquires JSC Acrylate
Sibur has bought JSC Acrylate - the only CIS-based producer of acrylic acid and its esters - from ATEK Group.
Rexam agrees to sell Closures for $360m
Rexam PLC, the global consumer packaging company, announces that it has agreed to sell its beverage and speciality closures business (“Closures”) to Berry Plastics for $360m in cash, subject to certain asset adjustments. Completion is expected in Q3 2011 and is conditional on regulatory approvals.
KraussMaffei ahead of schedule on plant extension
The extension of the KraussMaffei production plant for automation solutions is progressing quicker than planned.
PolyOne announces second quarter 2011 results
PolyOne Corporation has reported revenues of $768.8 million for the second quarter of 2011, an 11% increase compared to revenues of $692.9 million in the second quarter of 2010.
New Indorama’s plants in Thailand and Indonesia
Indorama Ventures to invest in new Thai recycling plant and high technology business in Thailand and Indonesia.
Glass packaging output picks up after tough 2009
The glass packaging industry in Europe posted a 3.5 per cent year-on year production increase to 20.7 m tonnes in 2010 as output partially recovered from its 2009 slump.
Green packaging market
The “sustainable and green packaging market,” as it is referred to by independent business information provider Visiongain, will be worth $107.7 billion in 2011.
La Seda de Barcelona sells its PET plant in Portugal
La Seda de Barcelona (LSB) and the company Control PET, SGPS, S.A, an investee of Imatosgil and Banco Espirito Santo, have formalised a sale-purchase agreement for the Portalegre based PET production plant Artenius Portugal.
EBRD and Sberbank back PVC plant
Never in the history of Russian manufacturing have so many milestones been achieved in one project.
Cooperation between Sacmi and Oystar
Packaging machine manufacturer Oystar Group has concluded a cooperation agreement with Sacmi Group.