According to PlasticsEurope the European plastics industry continued its recovery in 2011 after the economic recession – especially for manufactured plastic products. The pace of recovery has slowed down after the spring due the reduction of inventory and uncertainty over the economic development.
Eastman Chemical Company and Solutia Inc. today announced that they have entered into a definitive agreement, under which Eastman will acquire Solutia, a global leader in performance materials and specialty chemicals.
The third edition of Swiss Plastics, Switzerland's largest plastics exhibition, took place in Lucerne on January 17-19. In his opening speech, PlasticsEurope's Executive Director Wilfried Haensel insisted on how the worldwide consumption of plastics will continue to rise.
Plastic pipe industry recovering in Europe and NAFTA but booming in South America.
Husky Injection Molding Systems today announced that it has signed an agreement to sell Injectoplast, the former closure injection molding operation of KTW, to Alpla Holding GmbH.
The global demand for thermoplastics is expected to grow by around 100,000 tonnes by 2015, driven by the developing economies. Polyethylene comprises 35% of this market and polypropylene is 24%, according to leading market consultant Noru Tsalic of Applied Market Information (AMI).
Although the European labels industry has returned to pre-crisis growth levels, converters must plan for continued innovation in the face of rising materials prices and generational change.
A ZSK twin screw extruder from Coperion GmbH, Stuttgart/Germany, formerly Werner & Pfleiderer, will soon go into service in Uganda for the production of pre-gelatinized matooke flour from non-storable plantains, also known as green or cooking bananas.
The IK’s Economic Trend for the first quarter of 2012 shows that companies within the plastic packaging industry have more positive expectations than was the case in the last quarter of 2011. Almost all companies judge the current economic situation to be good, or at least satisfactory.
LyondellBasell yesterday announced that it will shut down two polypropylene (PP) lines in Wesseling, Germany, by mid-2012.
These projections highlight excellent performance in exports and general stability of the domestic market.
Demand for stretch and shrink film in the U.S. is forecast to rise 3.3% yearly to $2.4 billion in 2015, according the latest study from The Freedonia Group, an industry market research firm.
