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 is expected to reach $40bn by 2014 boosted by continued growth in Asia and greater use of plastic packaging, according to Freedonia.
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).
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 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 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.
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.
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.
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, 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 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.
Thin-walled plastics packaging is used in a wide range of industries including dairy containers like yogurt cups, yellow fats, frozen foods, fruit and vegetables, bakery, ready meals, juices, soup and meats.
