Increasing prices on the PET market
PET prices in Europe accelerated upwards in February putting further pressure on the already squeezed margins of food and drink manufacturers.
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Prof. Igor Čatić: The truth about bioplastics
We publish an article written by Croatian scientist Igor Čatić.
New expanssion plans of DuPont and Lanxess
DuPont and Lanxess announce plans to double the compounding capacity of their joint venture for the production of polybutylene terephthalate (PBT).
Borealis built a new semi-commercial plant for catalysts
Borealis, a leading provider of chemical and innovative plastics solutions, celebrates the groundbreaking of a new semi-commercial plant for catalysts in Linz, Austria. With a total investment of approximately EUR 75 million the company is further expanding its innovation capabilities in plastics.
Milacron changes its organizations
Milacron has made a series of organisation changes, including creating a global key accounts team and several new positions, as part of the plastics machinery maker’s customer-driven strategic focus.
Partnership between Reliance and BP Group
Reliance Industries Limited and BP announced a historic partnership between the two companies. Mukesh Ambani, Chairman and Managing Director of Reliance Industries Limited, and Robert Dudley, BP Group Chief Executive, signed the relationship framework and transactional agreements in London.
Excellent year for Borealis
Borealis achieved significant net profit growth in 2010 with EUR 333 million compared to EUR 38 million in 2009, return to pre-crisis levels.
Rexam sales closures business
UK-based Rexam has announced it has put its closures business up for sales, confirming industry rumours that the packaging giant was looking to divest the struggling division.
Indorama has signed a definitive share purchase agreement to acquire Trevira
Indorama Ventures Public Company Limited has signed a definitive share purchase agreement to acquire German company Trevira GmbH through a joint venture with Italy's Sinterama S.p.A. Indorama Ventures will become the majority partner while Sinterama will take a strong management role in the new joint venture company.
2010 record year for BASF
According to BASF, 2010 was a record year for the company with sales of €63.9bn – up 26% year-on-year.
Cooperation between Cardia Bioplastics and Nestle
Cardia Bioplastics begins collaboration with Nestle to reduce environmental impact of packaging.
Import offers to Egypt increase after crisis
The Egyptian polymer market appears to be returning to some level of normalcy following the political turmoil which caused most of the regional Middle Eastern producers to step back, as per Chemorbis.
