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.
Market
News Plastech
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.
