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BASF reduces production worldwide - Massive decline in demand in key industries

20.11.2008 - BASF (www.basf.com) is taking measures to avoid the creation of overcapacities as a result of a massive decline in demand. The company is temporarily shutting down around 80 plants worldwide. In addition, BASF is reducing production at approximately 100 plants. This was already announced for polystyrene...

Brückner: Technology Merger - Film Stretching Lines and Cast Film Technology from the One Supplier

19.11.2008 - Brückner Maschinenbau GmbH & Co. KG (www.brueckner.com) has acquired the main product range of Brückner Formtec GmbH (headquarters in Siegsdorf, Germany). This measure takes effect as from 1st January 2009 and ensures that in future, not only film stretching lines but also equipment for the manufacture...

Krones: Bottle-to-bottle PET recycling plant for Bangladesh

19.11.2008 - The first bottle-to-bottle PET recycling plant using the Krones (www.krones.com) process is being built in Bangladesh. The Managing Director, Sk. Bashir Uddin, the visionary entrepreneur now heading the broadly diversified Akij Group of his deceased father Akij Uddin, anticipates tangible cost advantages...

BaySystems polyurethane systems house in South China inaugurated

19.11.2008 - Bayer MaterialScience, a leading polyurethane raw materials and polyurethane systems supplier, inaugurated its new polyurethane systems house in Guangzhou, China, recently. The company now owns a global network of 30 systems houses in close proximity to its customers. With customized polyurethanes solutions,...

Erema: High-strength PET strapping from post consumer PET flakes with new strapping technology

18.11.2008 - The specialist symposium on "PET Strapping" held jointly by Erema (www.erema.at), the Austrian manufacturer of plastic recycling systems, and their Italian technology partner Techno Plastic s.r.l. (www.technoplastic.it), on 27 and 28 October 2008 at Erema´s headquarters in Ansfelden generated enormous...

Bayer MaterialScience lifts force majeure in the USA for most products

18.11.2008 - Bayer MaterialScience (www.bayermaterialscience.de) has lifted force majeure for most of the products manufactured at its facility in Baytown, Texas, United States. Effective last Friday, there are no longer any restrictions on the company’s ability to supply diphenylmethane diisocyanate (MDI) and isophorone...

BASF reaches participation of more than 94.5 percent of Ciba shares

18.11.2008 - The additional acceptance period for BASF’s [BAS, BFA, AN, www.basf.com] public tender offer to shareholders of Ciba Holding AG [CIBN], Basel, Switzerland, ended on November 14. During the offer period, a total of 53,350,051 Ciba shares have been tendered to BASF. Together with the 1,011,536 Ciba shares...

Krones: “NitroPouch” process wins the German Packaging Prize

17.11.2008 - Yet another accolade for the "PET lite 6.6" 500-ml bottle developed using Krones´ "NitroPouch" process (www.krones.com): to coincide with the opening of the BRAU Beviale in Nuremberg on 12 November 2008, the German Packaging Institute has now singled out the concept for the German Packaging Prize. The...

Gammaflux: Hot runner temperature control systems with integrated sequential valve gate controllers and overfeed monitoring function

17.11.2008 - Gammaflux Europe GmbH (www.gammaflux.de) has now integrated into its high-performance hot runner temperature control systems a sequential valve gate controller (SVGC). Designed for use with hot runner systems with needle valve nozzles, the SVGC opens and closes each nozzle individually and independently...

Reifenhäuser: Bernd Reifenhäuser appointed CEO

14.11.2008 - Besides his brothers Klaus and Ulrich Reifenhäuser, Bernd Reifenhäuser, holder of a university degree in economics, has been appointed CEO of the holding company REIFENHÄUSER GmbH & Co. KG Maschinenfabrik (www.reifenhauser-group.com) as of 1.11.2008. He takes over the coordination of the strategic...

BASF acquires Ciba shares from Bestinver Group

13.11.2008 - The Spanish investor group Bestinver has sold its stake of approximately 13 percent in Ciba Holding AG to BASF (www.basf.com) outside the public tender offer. The price per share is CHF 49.50. BASF will provide assurance to Ciba Holding AG that it will not exercise the voting rights attached to these...

Momentive: New highly transparent LSR types for automotive LED lens systems

12.11.2008 - Momentive Performance Materials (www.momentive.com) presents a new line of highly transparent liquid silicon rubber (LSR) for innovative optical applications. These new materials are characterised by their high transparency (up to 95%), low opaqueness and excellent physical stability. Therefore the...

BASF: New generation of quick connectors made by A Raymond using Ultramid T

10.11.2008 - A semi-aromatic, high-temperature resistant polyamide, Ultramid® T KR4357 G6, is being employed in a new application. The A Raymond company, an international supplier of fastening systems for the automotive industry headquartered in France, is now using this specialty (PA6/6T) from BASF (www.basf.com)...

BASF: Definitive acceptance rate of 68.10 percent based on all Ciba shares

04.11.2008 - Following the analysis of all tender declarations, BASF [BAS, BFA, AN, www.basf.com] yesterday announced the definitive interim result of its public tender offer to shareholders of Ciba Holding AG [CIBN], Basel, Switzerland. Up to the end of the offer period on October 28, 2008, a total of 46,022,745...

BASF buys polyurethane specialities business for car window encapsulation from Recticel

31.10.2008 - BASF (www.basf.com) has signed an agreement with Recticel to acquire the company’s worldwide compounds business for polyurethane (PU) systems for glass encapsulation. The transaction, which is subject to approval by the relevant antitrust authorities, involves the polyurethane specialties business including...

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