Latest News

Maag Group to acquire XanTec Steuerungs- und EDV Technik GmbH to strengthen its digitalization capabilities

02.09.2020 - Switzerland-based Maag Group, a broadly diversified global solutions provider with integrated and customizable systems in process technology for the polymer, chemical, petrochemical, pharmaceutical and food industries, has strengthened its digital capabilities by acquiring Germany-based XanTec Steuerungs-...

Lanxess increases prices for adipic acid

26.08.2020 - Specialty chemicals company Lanxess is raising its prices for adipic acid globally with immediate effect. The increase amounts for 80 Euro per metric ton. The reason for the adjustment is the significant rise in raw material costs over the past months. Adipic acid is an important precursor for the...

Trinseo: Price Increase for Polystyrene, Polycarbonate and Copolymers in Europe

07.08.2020 - Trinseo, a global materials company and manufacturer of plastics, latex binders and synthetic rubber, and its affiliate companies in Europe recently announced a price increase for all polystyrene (PS), polycarbonate (PC), ABS and SAN grades. Effective August 01, 2020, or as existing contract terms allow,...

Ascend: Price increase for polyamide 66 and intermediate materials

16.07.2020 - Ascend Performance Materials announced a price increase for polyamide 66 and intermediate materials. The price increase takes effect immediately and includes the following terms, as contracts allow: Polyamide 66: $130/MT Hexamethylene diamine (HMD): $175/MT Adiponitrile (ADN): $175/MT Acrylonitrile...

Labotek: Thomas Ringheim new CEO in Labotek Deutschland

10.07.2020 - Thomas Ringheim has been appointed as CEO in Labotek Deutschland GmbH, where he will be responsible for further development of the company operations. Thomas Ringheim is considered as a specialist within the plastic world, and comes from the position of Engineering Sales Director at Fleming Dynamics,...

Trinseo: Price Increase for Polystyrene and Copolymers in Europe

07.07.2020 - Trinseo, a global materials company and manufacturer of plastics, latex binders and synthetic rubber, and its affiliate companies in Europe today announced a price increase for all polystyrene (PS), ABS and SAN grades. Effective July 01, 2020, or as existing contract terms allow, the contract and spot...

Bischof + Klein: Erik Edelmann is the new CSO

07.07.2020 - Erik Edelmann is the new CSO (Chief Sales Officer) at the film and packaging specialist Bischof + Klein. Until the end of last year, the 43-year-old chemical engineer was Henkel's head of sales for adhesives in the packaging and consumer goods industry in Southeast Asia. From Bangkok, he is now switching...

Ineos Styrolution: Changes in Management

24.06.2020 - Ineos Styrolution, the global player in styrenics, announces CEO change. Kevin McQuade, who has led the company as Chief Executive Officer since January 1, 2015 has been appointed as Chairman of Ineos Styrolution. Steve Harrington, currently President Global Styrene Monomer and Asia-Pacific for Ineos...

Sabic: Aramco completes acquisition of a 70% stake from the Public Investment Fund (PIF)

22.06.2020 - Aramco announced the successful completion of its share acquisition of a 70% stake in Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund (PIF), the sovereign wealth fund of Saudi Arabia, for a total purchase price of SAR 259.125 billion (EUR 61.6 billion), equating to SAR 123.39...

BASF: Kurt Bock elected as new chairman of the Supervisory Board

19.06.2020 - The Supervisory Board of BASF SE has elected Dr. Kurt Bock as the new chairman of the Supervisory Board of BASF SE. Bock had previously been elected to the Supervisory Board of BASF SE by the Annual Shareholders’ Meeting as a shareholder representative. The term runs until the end of the Annual Shareholders’...

Kistler: Highly sensitive sensor for very small forces

17.06.2020 - Kistler launches a new sensor for measuring very small forces. The core piece is a newly developed, highly sensitive crystal, which is designed to guarantee extremely precise measurement results. The new 9323AAA piezoelectric force sensor was developed on the basis of the long-established 9323 product...

Ascend: First acquisition in China

17.06.2020 - Ascend Performance Materials recently announced that it has signed an agreement to acquire the assets of NCM (Changshu) Co, Ltd. and Tehe Engineering Plastic (Suzhou) Co, Ltd. located in Changshu Yushan High-Tech Industrial Park (known as "The Park"), one of the most important industrial parks in China's...

Heroplas: New compounder - Joint Venture of Sitraplas and KRS

17.06.2020 - After Heroplas GmbH was founded in the middle of 2019, the compounder based in Spenge, Germany, has now started business operations. According to a company release, the first step after the foundation was to set up production and sales. The company is a joint venture between the Sitraplas Group GmbH...

PolyOne: Expansion of "OnFlex" TPE production to North America

16.06.2020 - PolyOne recently announced that select "OnFlex" thermoplastic elastomers (TPEs) are now being manufactured in North America, expanding production capabilities beyond facilities in Europe and Asia. The added production for "OnFlex" LO and "OnFlex" AF TPE grades offers improved lead times for automotive...

EuPC: Renato Zelcher re-elected for Presidency

15.06.2020 - During the General Assembly of European Plastics Converters, Renato Zelcher, CEO of Crocco SpA, has been re-elected as EuPC President for the next two years. While the annual two-day conference "A Circular Future with Plastics" had to be postponed by one year due to the Covid-19 pandemic in Europe,...

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