KraussMaffei: optimism after K 2010
KraussMaffei AG is very satisfied with the results for the company of the K2010 trade show in Düsseldorf.
Market
News Plastech
New strategic takeover for Piovan
Just two years after the acquisition of UNA-DYN in the United States (October 2008), Piovan carries out another important operation aimed at strengthening its growth, particularly in the extrusion sector.
Engel grows by 35 percent worldwide
The economic crisis visibly impacted 2009 and also hit Engel hard in the fiscal year 2010. However, targeted measures helped to absorb most of the impact. New products and services, financing concepts and investment support for customers, accompanied by innovative sales activities and strategies are already driving an upswing at Engel that will lead to growth of more than 35 percent in the new fiscal year.
Huhtamaki sells its European operations
Finland-based packaging manufacturer Huhtamaki is selling its European rigid plastic consumer goods operations, excluding the business in Italy, for €52m.
Sharp increase in new orders for German plastics and rubber machinery
VDMA: German plastics and rubber machinery takes centre stage with remarkable half-yearly results.
DuPont starts production of EVA in China
DuPont announced that production for Ethylene Vinyl Acetate (EVA) resins has begun at its joint venture, Beijing Hua Mei Polymer Company Limited, in Beijing. The facility is DuPont’s first operation to make EVA in China.
BASF will invest in a dispersions plant in Huizhou, China.
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.
Materials shortages harming UK processors
Scarcities of some key polymers and associated raw material price increases are holding back sectors of the plastics processing industry
Distribution agreement between DSM and Resinex
DSM Engineering Plastics and Resinex sign distribution agreement to strengthen presence in Eastern European market.
Borouge signs an agreement to build second compounding plant in China
Borouge, a joint-venture between the Abu Dhabi National Oil Company (ADNOC), one of the world's major oil companies, and Borealis, a leading provider of chemical and innovative plastics solutions, announced its intention to build a second manufacturing plant in China
Light weighting of packaging
Light weighting of packaging is a core target of the industry in general, which falls in line with cost reductions, but also follows the internal sustainability guideline of many companies today - saving of non-renewable raw materials by using less packaging material and therefore support the reduction of CO2 emission (greenhouse gas effect).
US$ 1.075 billion contract for ethane cracker
US$ 1.075 billion contract for construction of Borouge 3 ethane cracker in Abu Dhabi signed Borouge, a joint-venture between the Abu Dhabi National Oil Company (ADNOC), Borealis, and The Linde Group.
