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SABIC to acquire GE Plastics for $11.6 billion

22.05.2007 - GE and SABIC (www.sabic.com) today announced that they had reached agreement for SABIC to acquire GE Plastics for a purchase price of $11.6 billion. Announcement of the acquisition was made by Jeff Immelt, Chairman and CEO of GE and Mohamed Al-Mady, Vice Chairman and CEO of SABIC. "As a global...

SABIC: Highest ever SR 6.3 billion profits in first quarter of 2007

20.04.2007 - Saudi Basic Industries Corporation (SABIC, www.sabic.com, www.sabic-europe.com) reported first quarter 2007 profits of SR 6.3 billion, an increase of 50% compared to SR 4.2 billion in the same period in 2006. Consolidated operating profits amount to SR 9.6 billion compared to SR 6.6 billion, an increase...

Arkema enhances its Evatane® product range

19.04.2007 - Following research and development work, Arkema plans to launch a new Evatane® grade combining high Vinyl Acetate content - 40% - and a low Melt Flow Index (MFI below 3). "These two parameters are difficult to combine. This new grade, blended with other products, will help produce a cable with sound...

TechnoCompound: Long fibre PP compound for automobile door trim modules

18.04.2007 - A door trim module in long glass fibre-reinforced polypropylene (PP) for the new MINI was shown by TechnoCompound (www.technocompound.com) at the international VDI conference ‘Plastics in Automotive Engineering’, which took place in Mannheim on 21st and 22nd March 2007. For this application, the German...

Ashland introduces POLARIS® resins to Europe

17.04.2007 - POLARIS brand resins for cast marble, solid surface and engineered stone are being introduced to the European marketplace customers by Ashland Composite Polymers, a business group of Ashland Performance Materials, a division of Ashland Inc. (www.ashland.com) POLARIS resins are consistent and versatile,...

Sale of LATI USA, Inc. plant accommodation

10.04.2007 - LATI USA, Inc has completed its North American market reorganization through the sale of the facility, located in 257 Deming Way - Summerville, South Carolina, USA. The facility was sold to the Company Force Protection Technologies, Inc. LATI USA, Inc. will carry on the commercial activity across...

Basell expands distribution roles for Albis and Ultrapolymers

05.04.2007 - Basell Sales & Marketing Company B.V (www.basell.com) recently announced that it has signed agreements with two prominent distributors of plastic materials - Albis Plastic GmbH and Ultrapolymers Group N.V. – to expand their roles in the distribution of Basell polyethylene and polypropylene. “Our...

Dow Europe GmbH Announces Price Increase for Polyethylene Resins

22.03.2007 - Effective April 1, 2007, or as contract terms allow, Dow (www.dow.com) will increase prices in Europe by 60 Euros per metric ton for all grades of its low-density polyethylene (LDPE) resins and high-density polyethylene (HDPE) resins, DOWLEX™ polyethylene resins, ATTANE™ ultra low density polyethylene...

Ticona teams up with Resin Express for sales to central and eastern Europe

02.03.2007 - New distribution concept Polymer producer Ticona (www.ticona.com) will be cooperating with Resin Express (www.resinexpress.com) as its sales partner in central and eastern Europe from January 2007. As an international distributor of plastics, rubbers and chemical raw materials for many years, Resin...

Bayer MaterialScience raises prices for Apec ®, Makrolon®, Bayblend® and Makroblend® polycarbonates

02.03.2007 - Bayer MaterialScience AG (www.bayerbms.de) has increased sales prices for its Apec® and Makrolon® brands of polycarbonate by EUR 0.25 per kilogram, and for its Bayblend® and Makroblend® brands by EUR 0.20 per kilogram as of March 1, 2007. This applies to all deliveries in the EMEA region (Europe, Middle...

Teijin: Price increase for polycarbonate resin Panlite®

28.02.2007 - Effective March 12th, 2007 Teijin Kasei Europe B.V. (www.teijin.nl) will increase the prices for the polycarbonate resin Panlite® product range for sales within Europe by 0.25 Euro/kg.

Dow Europe announces price increase for Polycarbonate Products

28.02.2007 - Given the continued increase of raw materials and energy costs and the sustained pressure on margins, Dow Europe GmbH (www.dow.com) is announcing a price increase across the European and the Middle-Eastern region for all its Polycarbonate products. Effective March 1st 2007, or as contract terms allow,...

EPDC: PP pipeline from Amsterdam/Antwerp to the Ruhr Area cancelled

22.02.2007 - EPDC BV (www.epdc.eu) will not pursue plans to build a propylene pipeline connecting the ports of Rotterdam and Antwerp with the German Ruhr area. Rising project investment costs have made the proposition uneconomical. Project costs have been impacted by escalating steel line pipe prices, a tight pipeline...

SABIC: Saudi Kayan awards two Contracts for the Construction of Phenolics and Polycarbonates Plants

16.02.2007 - SABIC affiliate, SAUDI KAYAN, has signed two letters of award with the first contract being awarded to TECNICAS REUNIDAS GROUP to construct a Phenolics Plant, to produce 240 kta of Bis-Phenol A. The second contract was awarded to DAELIM Industrial Co, Ltd. to construct a Polycarbonate (PC) plant to...

BASF to raise production capacity for Ultraform® in Ludwigshafen

09.02.2007 - BASF (www.basf.com) is expanding the production capacity for its engineering plastic Ultraform® at the Ludwigshafen site. The expansion from roughly 41,000 to 55,000 metric tons per year will be completed in the first quarter of 2008. “Thanks to this increase in capacity, we can grow along with our...

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