Latest News

Huhtamaki to acquire full ownership of its Brazilian joint venture company Laminor

06.01.2020 - Huhtamaki has recently agreed to acquire full ownership of its joint venture company Laminor S.A. in Brazil. Laminor is specialized in high-quality tube laminates, particularly for oral care applications, and was set up in 2002 as a 50/50 joint venture together with Bemis Company, which is now part...

Gurit: Change in Executive Committee

20.12.2019 - Gurit announces today that Stefan Gautschi, General Manager Composite Materials, will leave Gurit by June 2020 to assume another professional opportunity outside the advanced composites industry. Stefan Gautschi joined Gurit in 2013 and made strong contributions to the development and growth of the...

Clariant: Divestment of the entire Masterbatches business to PolyOne

19.12.2019 - Clariant has agreed to sell its entire Masterbatches business to PolyOne. The transaction values the Masterbatches business at USD 1,560 million, representing c. 12.2 times the last twelve months reported EBITDA (ending September 2019) on a cash and debt free basis. This amount is payable at closing,...

BASF inaugurates the second phase of its new antioxidants manufacturing plant in Shanghai

17.12.2019 - BASF today inaugurated the second phase of its new, world-scale antioxidants manufacturing plant at its Caojing site in Shanghai, China. The second phase comprises a synthesis plant to produce the antioxidants “Irgafos” 168 and “Irganox” 1076. With the completion of the second phase, the plant will...

Gerresheimer increases production capacity for plastic containers and opens new plant in India

16.12.2019 - Gerresheimer has had a strong foothold in India for some years through Triveni Polymers Pvt. Ltd. in Kundli. A second production site is now being opened in the city of Kosamba to help bolster production capacity to cope with the high demand for Triveni round containers. The official opening ceremony...

Gerresheimer opens a new plant for the production of pharmaceutical primary plastic packaging in China

11.12.2019 - A new plant for producing plastic pharmaceutical packaging has been set up in the Chinese city of Changzhou to help satisfy the high demand for Gerresheimer’s primary packaging in China in the future. Today the new facility will be officially opened. “From now on, we will also have production facilities...

Ineos Styrolution: Price decrease for ABS and Polystyrene in December

11.12.2019 - Ineos Styrolution has decreased the Gross Market Price level in Europe for Terluran ABS valid as of December 1st, 2019 by -25 Euro/mt versus November 2019. The Gross Market Price for Polystyrene (GPPS, bulk) valid as of December 1st, 2019 is decreased by -25 Euro/mt versus November 2019. The surcharge...

European Bioplastics elects new Board with François de Bie as reelected Chairman

06.12.2019 - European Bioplastics (EUBP), the association representing the interests of the bioplastics industry, has elected a new Board. The old and new Chairman, François de Bie (Total Corbion PLA), together with EUBP’s reelected Vice Chairperson Mariagiovanna Vetere (NatureWorks) and new Vice Chairperson Lars...

Trinseo: Price Decrease for Polystyrene in Europe

04.12.2019 - Trinseo, a global materials company and manufacturer of plastics, latex binders and synthetic rubber, and its affiliate companies in Europe recently announced a price decrease for all polystyrene (PS). Effective December 1, 2019, or as existing contract terms allow, the contract and spot prices for...

Indorama Ventures acquires Californian PET Recycler Green Fiber International

04.12.2019 - Indorama Ventures Public Company Limited (IVL), a global chemical manufacturer, has acquired Green Fiber International Inc. (GFI), a recycling company in Fontana, California, USA. The facility produces Recycled Polyethylene Terephthalate (rPET) Flakes. The acquisition has a combined capacity of 40,000...

Trinseo: Price Decrease for Polystyrene in Europe

05.11.2019 - Trinseo, a global materials company and manufacturer of plastics, latex binders and synthetic rubber, and its affiliate companies in Europe recently announced a price decrease for all polystyrene (PS). Effective November 1, 2019, or as existing contract terms allow, the contract and spot prices for...

Alpla moving into HDPE recycling - Acquisition of the Spanish recycling companies Suminco S.A. and Replacal S.L.

04.11.2019 - Alpla, a global manufacturer of plastic packaging solutions, is further expanding its recycling activities – it is moving into polyolefin recycling with its acquisition of two companies based in Spain. Alpla signed the purchase agreements for the acquisition of Suminco S.A. in Montcada (near Barcelona)...

Clariant completes the sale of its Healthcare Packaging business

04.11.2019 - Clariant recently announced the completion of the sale of its Healthcare Packaging business to a newly-formed investment of Arsenal Capital Partners, the signing of which was announced on July 22, 2019. The sale was closed on October 31, 2019. “The divestment of the Healthcare Packaging business...

Gurit to close its automotive production site in Hungary mid-2020

29.10.2019 - Gurit recently announced to close its automotive production site in Hungary in 2HY 2020. As communicated on December 19, 2018, Gurit decided to divest its Composite Components Business. Despite professionally executed divestment efforts no suitable buyer could be found. Therefore, Gurit decided now...

Arkema to increase fluoropolymer capacities in Changshu, China

15.10.2019 - Driven by continued strong growth in the lithium-ion battery market for electric vehicles, Arkema will increase the capacity of its high-performance polymer PVDF dedicated to this market at its Changshu plant by approximately 50 percent. The increase in capacity is scheduled to come on stream in the...

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