Latest News

LANXESS to increase prices for its Baypren (CR) products

22.12.2010 - The Technical Rubber Products (TRP) business unit of specialty chemicals group LANXESS announces a price increase for its Baypren branded Chloroprene business – depending on region – for up to € 400/mt (or US$ 500/mt). Reason being the continued high level of feedstock and energy prices as well...

Rhodia to accelarate its groth in India with the acquisition of PI Industries’ engineering plastics business

22.12.2010 - Rhodia announces the signing of a binding agreement to acquire PI Polymer, the engineering plastics business of the Indian company PI Industries Ltd. This transaction supports the Group’s ambition to attain more than 15% of market shares in the Indian polyamide compound market by 2015. “This acquisition...

ENGEL meets with great success in India

21.12.2010 - ENGEL INDIA records exceptionally high level of orders in the financial year 2009/2010, says the company. "Investments in high-quality machines are constantly increasing in India," reports Jitendra Devlia, Manager of ENGEL Machinery INDIA Pvt. Ltd. After the financial and economic crisis, India´s...

Evonik: Laurolactam capacity expansion successful

21.12.2010 - Essen, Germany-based Evonik Industries has succeeded in implementing the expansion of its laurolactam capacity in Marl, as had been announced for the fourth quarter in May 2010. Laurolactam is the starting material for polyamide 12, which the Group markets as a construction material and as a powder:...

EPRO: Statistics 2009 - Plastic packaging recycling surpass 30 percent

21.12.2010 - EU27+2 recycled 4.6m tonnes (2008: 4.5m), 30.3% (29%) of all its plastic packaging in 2009, easily surpassing the EU´s minimum target of 22.5%, says the annual report Plastics - The Facts 2010. This report has been produced in partnership between PlasticsEurope, EuPC, EuPR and EPRO. Energy recovery...

Songwon Group announces a positive performance for Q3 2010

20.12.2010 - Songwon Group, a leading global supplier of additives and other chemicals to the plastic industry, announces sales revenues close to 140 Billion KRW and a net profit of KRW 7.23 Billion for the third Quarter of 2010. Compared to the second Quarter of 2010, sales were slightly up, with a positive price...

Dow Coating Materials Announces Price Increases for All Polymer Dispersions and Additives in Europe, Middle East, and Africa

20.12.2010 - Dow Coating Materials announced last Friday a price increase for all polymer dispersion and additives sold to the architectural coatings, industrial coatings and traffic paint industries, effective January 10, 2011 or as contract terms allow. The following conditions apply: • Acrylic and styrene...

Gabriel-Chemie Group extends its activities in Russia

17.12.2010 - Gabriel-Chemie Group is represented in Russia by the limited liability company Gabrie-Chemie-Rus-2, which is a 100%-subsidiary of the Group with production facilities in Dorokhovo, Ruzsky rayon, approx. 80km in the southwest of Moscow, where the own products are made and with sales offices in Moscow...

Engel: Over 90 participants at 1st MuCell seminar

17.12.2010 - A seminar held at ENGEL Austria at the beginning of December had the purpose of communicating the opportunities and potential of MuCell® technology. For the first time the injection moulding machine manufacturer´s training division dedicated itself to the subject of structural foam moulding – with considerable...

BASF: €50 million as special payment to employees worldwide

16.12.2010 - BASF’s management is going to reward its employees for their "extraordinary team effort in bringing the company successfully through the crisis". The Board of Executive Directors has approved €50 million as a special payment to employees worldwide. "Through our combined efforts, we successfully brought...

Oerlikon Balzers takes over the German hartec Anlagenbau

16.12.2010 - Oerlikon Balzers will take over the hartec Group, which specializes in PVD coatings, from January 1, 2011 and thereby further expand its leading position in the global coatings market. "The acquisition of hartec, a pioneer in its field, means that we are expanding into environmentally friendly, decorative...

Borealis upgrades at Porvoo polyethylene plant support Borstar® PE product development

16.12.2010 - At yesterday’s meeting in Vienna, the Borealis Supervisory Board approved a EUR 17 million investment to upgrade one of its polyethylene plants in Porvoo, Finland. The project includes a new ethylene compressor as well as an upgrade of the monomer purification including all necessary auxiliary equipment....

Trevira: Klaus Holz to be new CEO

16.12.2010 - The start of the New Year will herald a change in leadership at the fibre manufacturer Trevira: As planned for some time, Uwe Wöhner is relinquishing his position as CEO of Trevira at the end of the year, for private reasons. The baton will be taken up by Klaus Holz, the longstanding Head of Corporate...

Erema: 38 million Euros contract volume within 12 weeks

15.12.2010 - The Upper Austrian company EREMA Engineering Recycling Maschinen und Anlagenbau Ges.m.b.H. looks back on a highly successful time both leading up to and at the K trade fair. The trend of a rapidly increasing volume of order intake that began before the trade fair has continued relentlessly. And the...

LANXESS increases prices for iron oxides

15.12.2010 - Subject to existing contracts, specialty chemicals group LANXESS is increasing its prices worldwide for iron oxide pigments by at least Euro 110 (or local currency equivalent) per metric ton, with immediate effect. The Inorganic Pigments business cites the continuation of elevated raw material,...

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