Production of plastics processing machinery in 2010 was valued at just over RMB40 billion ($5.9 billion) according to the China Plastics Machinery Industry Association (CPMIA). Of this, exports were valued at just short of RMB6 billion ($885 million).
AkzoNobel has opened a new research laboratory in Deventer, the Netherlands, which will play a pivotal role in the company’s ambition to drive future growth through pioneering innovation.
KraussMaffei AG is pleased with the first six months of fiscal year 2010/2011 (October 1 to September 30).
DuPont Performance Polymers announced it will increase capacity of fast-growing DuPont Zytel HTN high-performance polyamide by building a polymerization facility at its Sakra, Singapore, site and through investment in manufacturing equipment at its Shenzhen, China, site.
Sumitomo (SHI) Demag Plastics Machinery GmbH, is pleased about the high level of capacity utilisation at its factory in Wiehe, located in the state of Thuringia in Germany.
PET maker Selenis Canada Inc. has started production at its Montreal facility.
The products made by these two companies, operating in the plastic processing machine automation sector, complete the Negri Bossi injection machine range.
BASF has had a powerful start to 2011. Capacity utilization rates in the company’s plants were good; in particular, demand in the chemicals business (Chemicals, Plastics, Performance Products, Functional Solutions) increased compared with the same quarter of the previous year. Sales grew by 25% to €19.4 billion.
Demand for Krones’ products and services has steadily increased since the beginning of 2011.
Having put the aftermath of the global financial and economic crisis quickly behind it, the plastics and rubber industry is now demonstrating its capacity for innovation and growth. Worldwide, it is thought to have outstanding prospects for the future.
AMI’s 3rd annual international conference on PVC compounding was held in Dusseldorf, Germany to debate the latest innovations in vinyl additives and recipes.
Ticona, the engineering polymers business of Celanese Corporation, is among the worldwide top suppliers of Continental AG and Schaeffler GmbH.