During its annual assembly chaired by Giorgio Colombo - on Wednesday June 15, 2011 - As- socomaplast-Italian trade association for manufacturers of plastics and rubber machinery, equipment and moulds amended its statute and renewed its committee for the period 2011- 2014.
Thailand-based Indorama Ventures will build a 220,000 tonne/year polyethylene terephthalate (PET) expansion project at its site in Wloclawek, Poland.
German plastics and rubber machinery manufacturers are set to achieve sales growth of around 18 per cent this year, with output rising to some 5.8 billion euro. On this basis, further growth of just under 7 per cent is forecast for 2012.
BASF is increasing its compounding capacities for the engineering plastics Ultramid (polyamide) and Ultradur PBT (polybutylene terephthalate) at its Schwarzheide site by 10,000 tpa. This step is being taken because of an expect increase in European demand.
A current Pira study predicts outstanding growth forecasts for above all rigid plastic packaging in the European foodstuff and beverage market. PET bottles are supposed to continue to play the largest and most important role as a driver of growth.
Global PET beer bottle consumption is forecast to grow at a CAGR of 5.3% to reach 7.7 billion bottles by 2015, according to a major new multi-client study published by Pira International.
The Dow Chemical has announced that it is further investing in its Packaging Center of Excellence located in Horgen, Switzerland. The investment will help the company to meet the requirements of the packaging industry throughout Africa, Europe and the Middle East.
Philadelphia-based PET bottle, preform and closures maker Constar International has emerged from Chapter 11 bankruptcy protection under the ownership of its pre-bankruptcy secured note holders.
The world pipe market is projected to expand 5.8 percent per year to 31.5 billion meters in 2015, a mild deceleration relative to the 2005-2010 period, according to a report by the Freedonia Group.
Battenfeld Italia and will supply as of July the complete Wittmann Battenfeld range of plastics processing machines and equipment into the Italian market.
Fortlev, Brazil's biggest manufacturer of plastic tanks and cistern systems has again decided to invest in KraussMaffei Berstorff production lines.
Polimeri Europa subsidiary creates bioplastics joint venture with Novamont. New EUR 500m hub to be built in ailing Porto Torres.
