Polymers and petrochemicals group Ineos is considering a relocation of its headquarters and tax residence from the UK to Switzerland. It said potential cash tax savings would be €450m between now and 2014 if it went ahead with the move, which would need the consent of its lenders.
German Engineering Federation (VDMA: Domestic plastics and rubber machinery sales fall less sharply than forecast but the market situation is still uncertain.
BASF has developed a fully biodegradable packaging system for its Interceptor insecticide-treated mosquito nets.
Motan, Colortronic and Colortronic Systems join forces and combine their sales organizations.
In letters sent out to its European clients, Sabic Innovative Plastics (Bergen op Zoom / The Netherlands) announced several price increases for its technical thermoplastics, effective 11 January 2010.
The European Commission is fining a number of plastics additives producers, including Ciba, Elf Aquitaine and Baerlocher, €173.9m for price fixing and market sharing cartels.
Borealis announces changes in its distribution partnerships for automotive materials.