Latest News

BASF increases prices for Ethylene carbonate and propylene carbonate

22.10.2007 - With immediate effect or as contracts allow, BASF (www.basf.com) is increasing the sales prices for ethylene carbonate and propylene carbonate worldwide by €120 per metric ton in Europe and US$170 per metric ton in NAFTA and Asia . These price adjustments are necessary to support BASF´s ongoing efforts...

RadiciGroup Plastics and Lati Industria Termoplastici join forces to develop the chinese market

01.10.2007 - RadiciGroup Plastics (Bergamo/Italy, www.radicigroup.com) and Lati Industria Termoplastici SpA (Vedano Olona/Italy, www.lati.com) have signed a letter of intent to form a fifty-fifty joint venture to develop the Chinese engineering plastics market. The constant growth of this Asian market offers...

EuPC expects further price increases in plastics products

12.09.2007 - EuPC (www.plasticsconverters.eu), the Brussels based trade body for plastics converters, is warning that high oil prices are threatening the recovery of the industry. ‘The price of plastic products will have to increase in the coming months’, according to Alexandre Dangis, EuPC’s Managing Director....

FKuR: Compostable mulch films made of PLA blends

27.08.2007 - The FKuR Kunststoff GmbH (www.fkur.com) in cooperation with the Fraunhofer Institute UMSICHT (www.umsicht.fraunhofer.de) has developed the first compostable mulch film based on a PLA blends and has brought it to the market. PLA blends are a mixture between PLA (polylactide) and further biodegradable...

Borealis announces record net profit: EUR 137 million for second quarter and EUR 250 million for first half of 2007

09.08.2007 - Borealis (www.borealisgroup.com), a leading provider of innovative, value creating plastics solutions, announces a net profit of EUR 137 million after tax for the second quarter of 2007, a 20% increase over the previous quarter and a 50% increase on the same period last year. The net profit after tax...

Chemtura: Urethane Price Increase

03.08.2007 - Effective September 1, 2007, or as contracts permit, Chemtura Europe (www.chemtura.com) will increase selling prices of most urethane prepolymers and curatives by €0.20/kg in Europe, the Middle East and Africa. These changes are directly related to continuously escalating costs for raw materials, energy...

RAG subsidiary Degussa expands presence in China

27.07.2007 - Cornerstone ceremony for new polymerization and compounding plant in Shanghai "We are taking a large step forward in our Asia Pacific strategy,” stated Dr. Joachim Leluschko, head of the High Performance Polymers (HP) Business Unit of Degussa GmbH, Germany, at a cornerstone ceremony (Photo) for a...

BASF to raise prices for colorants and additives

26.07.2007 - Effective immediately, BASF (www.basf.com) will increase prices of colorants and additives globally between 5 and 20 percent, depending on the product line, as existing contracts allow. Reasons are increased energy, raw material and transportation costs. Affected products are: organic, inorganic...

Chemtura increases prices on cresol-based antioxidants

20.07.2007 - Chemtura Corporation (www.chemtura.com) is raising the price of the cresol-based antioxidants of its Polymer Additives business, primarily as the result of a significant and sustained increase in key raw material costs. Effective on all deliveries after July 15, 2007, or as contracts allow, the following...

Degussa Increases Prices across Entire Range of High-Performance Polymers and Monomers

17.07.2007 - The High Performance Polymers (HP) Business Unit of Degussa GmbH, Marl, Germany (www.degussa.com), has announced price increases for its VESTAMID®, VESTOSINT®, VESTAMELT®, TROGAMID®, and VESTENAMER® product lines. Product prices will increase by 8 percent on average, depending on product type and region....

DuBay Polymers: LANXESS and DuPont expand joint PBT polymer production

16.07.2007 - Chemical companies LANXESS (www.lanxess.com) and DuPont (www.dupont.com) have expanded their PBT polymer production joint venture. More than ten million Euros have been invested by the partner companies in the operation of their joint venture (JV), DuBay Polymer GmbH located in Hamm-Uentrop, Germany....

Huntsman Agrees to Be Acquired By Hexion for $28.00 Per Share

16.07.2007 - Terminates Merger Agreement With Basell Huntsman Corporation (www.huntsman.com) announced shortly that it has terminated the merger agreement with Basell AF ("Basell", www.basell.com) dated June 26, 2007 (the "Basell Agreement") and has agreed to a definitive merger agreement (the "Hexion Agreement")...

Björn Hedlund is new global marketing director at DuPont Engineering Polymers

11.07.2007 - Effective 1st July 2007, Björn Hedlund (54, Photo) assumes the role of global marketing director at DuPont Engineering Polymers (EP, www.dupont.com) in addition to his position as regional director Europe, Middle East, Africa (EMEA) for this business. He succeeds Timothy P. McCann, who is the new vice...

DSM: New High Flow and High Productivity Materials

10.07.2007 - DSM Engineering Plastics (www.dsmep.com) has introduced a range of High Flow & High Productivity materials, which enable significant system cost reductions, when compared to standard resins. Added value for the customer is generated by these materials via shorter production cycles leading to lower processing...

Huntsman Receives Merger Proposal From Hexion For $27.25 per Share in Cash

05.07.2007 - Huntsman Corporation (www.huntsman.com) announced yesterday that it has received from Hexion Specialty Chemicals, Inc. (www.hexionchem.com), an entity owned by an affiliate of Apollo Management, L.P., a proposal (the “Hexion Proposal”) to acquire all of the outstanding common stock of Huntsman for...

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