The construction industry in Europe has been in decline since 2008, with figures from Euroconstruct showing total spend of 1444 billion euros in 2008, 1316 in 2009 and an anticipated 1264 in 2010.
South East Asian region consists of China, Korea, Taiwan and the ASEAN countries. The outlook of masterbatches in this region is quite buoyant. Demand pattern in this region is quite diverse with countries like Korea, Singapore and Taiwan having scope for growth of sophisticated masterbatches, while countries like Vietnam constitute a small but rapidly growing market.
Bayer intends to significantly expand its capacities for the production of high-grade materials in China by 2016. Investments of around EUR 1 billion are planned at the Shanghai site.
Demand from European converters fell back 7.2% from 2008 to 45 million tones in 2009. The market share of end use applications remained stable with packaging. The largest segment representing 40.1% of overall demand.
Rhodia to accelerate its growth in India with the acquisition of PI Industries’ Engineering plastics business.
Managing director, Bernhard Rupke, gives a status report as well as an outlook to the future of the company.
UK-based rigid packaging producer RPC Group announced today that it has agreed to buy Danish packaging rival Superfos for €240m.
At the “K” leading international plastics trade fair, Arburg presented groundbreaking products and applications covering diverse aspects of injection moulding technology.
Specialty chemicals company Lanxess has come to an agreement with Royal DSM to acquire DSM Elastomers for €310m. Lanxess says the deal help strengthen its production technology for ethylene propylene diene monomer(EPDM).
Thailand's Indorama Ventures Public Company Limited has signed agreements with Korea's SK Chemicals Company Limited to acquire the entire issued capital of SK Eurochem Sp. z o.o., in Poland and PT SK Keris together with its subsidiary PT SK Fiber in Indonesia.
from Ball Packaging Europe
At the last International Plastics Fair in Düsseldorf – K 2010 – Coperion GmbH, Stuttgart/Germany, had been able to present its report on incoming orders and sales and was looking to the future with great confidence.
