OCTAL secures US$296 million for next phase of expansion
Global PET packaging leader OCTAL is on track to complete the second phase of its operational expansion this year following a new round of funding from six Middle Eastern banks.
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World demand for Nylon 6
Strong demand for nylon 6 in China is leading market growth for the engineering polymer, says Chemical Market Associates Inc (CMAI), which forecasts global demand to grow at an average annual rate of close to 5% up to 2015. CMAI did not disclose exact figures in its press release for the 2011 World Nylon Engineering Resins Analysis.
World demand for caps and closures
World demand for caps and closures is expected to reach $40bn by 2014 boosted by continued growth in Asia and greater use of plastic packaging, according to Freedonia.
Rhodia reinforces its worldwide leadership in guar technology
Rhodia announces the acquisition of the new guar derivatives production unit belonging to the Suzhou HiPro Polymers company, based at Zhangjiagang in China (Jiangsu Province).
Invista continues global expansion of airbag fiber production
After announcing plans to double the capacity of its Shanghai airbag fiber facility, INVISTA has now completed plans to generate up to 4,500 tons of additional nylon airbag and industrial yarn at its production facilities in Kingston, Ontario, and Gloucester, U.K.
Cereplast ahead of curve on bioplastics
Cereplast Inc Chief Executive Frederic Scheer is betting that plant material such as corn starch and tapioca will one day eclipse petroleum to become the main material for shopping bags, toys and thousands of other items made of plastic.
Stora Enso invests in Poland
Stora Enso is strengthening its leading position in corrugated packaging in the growth markets of Central and Eastern Europe by renewing containerboard capacity at its Ostrołęka Mill in Poland.
PET market in Europe
Growth opportunities for blow moulders, especially those in PET, are in no short supply. Researchers suggest that the latent potential for PET barrier bottles in beer, wine, and milk is equivalent to the current size of the carbonated soft drinks (CSD) market for PET bottles in Europe, which was just under 1 million tonnes in 2010.
Gerresheimer invests in Czech Republic
Pharmaceutical and medical products manufacturer Gerresheimer group is preparing to expand production of moulded plastics components at its Horsovsky Tyn plant in the Czech Republic.
ZA Puławy starts the year with new contracts signed
Zakłady Azotowe Puławy S.A. (“ZA Puławy”) has signed new contracts for the sale of caprolactam to customers in Asia. The value of the contracts in 2011 is estimated at PLN 365m, which accounts for some 50% of the Company's annual output.
Univar's acquisition of Quaron is completed
Univar, a leading global chemical distributor, announced it has successfully completed the acquisition of the Quaron business in Belgium and the Netherlands. This step reflects Univar’s commitment to growth and to strengthening its position, reach, service, technical expertise and product portfolio in the Benelux. Trading as a combined entity will commence on 10th January 2011.
PolyOne acquires second specialty business in Brazil
PolyOne Corporation (NYSE: POL), a premier global provider of specialized polymer materials, services and solutions, has acquired Uniplen Indústria de Polímeros Ltda. (Uniplen), a leading Brazilian producer of specialty engineered materials and distributor of thermoplastics.
