News Plastech
Borealis, a leading provider of chemical and innovative plastics solutions, and its joint-venture in the Middle East and Asia, Borouge, confirmed at K 2010 their plans to be key players in the development of a new generation of lightweight electric vehicles.
Nissei Plastics Industrial has been promoting productions in harmony with nature and will release an injection molding system “N-PLAjet” for the US market. It processes a newly developed plant-based PLA (polylactic acid) material, which was created to reduce the environmental impact.
LyondellBasell has successfully started up a new 320 KT per year Hostalen Advanced Cascade Process (ACP) high density polyethylene (HDPE) plant at Münchsmünster, Germany.
With an annual capacity of 100,000 tons, the new plant will produce XSB dispersions for the paper industry and acrylic dispersions for industries such as coatings, construction, printing & packaging and adhesives.
Monolayer barrier blend providing oxygen ingress barrier to PET containers
DSM Engineering Plastics and Resinex sign distribution agreement to strengthen presence in Eastern European market.
Royal DSM the global Life Sciences and Materials Sciences company headquartered in the Netherlands, has today inaugurated its new Stanyl ForTii Production Unit.
Kurt Bock appointed new chairman of BASF’s Board of Executive Directors.
The outlook for plastics and rubber machinery has improved further. The final quarter of 2009 closed with orders for German machinery up by a nominal 35 per cent. October 2009 saw a resumption of demand growth for the first time since early 2008. This trend continued in the two months that followed.
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.
Hicks Acquisition Company I, Inc., a Dallas-based special purpose acquisition company ("SPAC") founded and headed by Thomas O. Hicks, announced that it has reached an agreement in principle-subject to execution of a definitive agreement, which is expected to be finalized in the next few days-pursuant to which Graham Packaging Holdings Co. will go public through a transaction with Hicks Acquisition in partnership with The Blackstone Group and the Graham Group. The transaction, valued at approximately $3.2 billion, is believed to be the largest ever between a SPAC and an industrial company.
Evonik Industries AG, is proceeding on schedule with its preparations for closely examining the construction of a methyl mercaptan plant at its site in Theodore, Alabama, USA. The results of the basic engineering and feasibility studies will be available in the coming months, and tax relief for the project in Alabama has already been approved, too.