Latest News

Sabic: Aramco completes acquisition of a 70% stake from the Public Investment Fund (PIF)

22.06.2020 - Aramco announced the successful completion of its share acquisition of a 70% stake in Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund (PIF), the sovereign wealth fund of Saudi Arabia, for a total purchase price of SAR 259.125 billion (EUR 61.6 billion), equating to SAR 123.39...

BASF: Kurt Bock elected as new chairman of the Supervisory Board

19.06.2020 - The Supervisory Board of BASF SE has elected Dr. Kurt Bock as the new chairman of the Supervisory Board of BASF SE. Bock had previously been elected to the Supervisory Board of BASF SE by the Annual Shareholders’ Meeting as a shareholder representative. The term runs until the end of the Annual Shareholders’...

Kistler: Highly sensitive sensor for very small forces

17.06.2020 - Kistler launches a new sensor for measuring very small forces. The core piece is a newly developed, highly sensitive crystal, which is designed to guarantee extremely precise measurement results. The new 9323AAA piezoelectric force sensor was developed on the basis of the long-established 9323 product...

Ascend: First acquisition in China

17.06.2020 - Ascend Performance Materials recently announced that it has signed an agreement to acquire the assets of NCM (Changshu) Co, Ltd. and Tehe Engineering Plastic (Suzhou) Co, Ltd. located in Changshu Yushan High-Tech Industrial Park (known as "The Park"), one of the most important industrial parks in China's...

Heroplas: New compounder - Joint Venture of Sitraplas and KRS

17.06.2020 - After Heroplas GmbH was founded in the middle of 2019, the compounder based in Spenge, Germany, has now started business operations. According to a company release, the first step after the foundation was to set up production and sales. The company is a joint venture between the Sitraplas Group GmbH...

PolyOne: Expansion of "OnFlex" TPE production to North America

16.06.2020 - PolyOne recently announced that select "OnFlex" thermoplastic elastomers (TPEs) are now being manufactured in North America, expanding production capabilities beyond facilities in Europe and Asia. The added production for "OnFlex" LO and "OnFlex" AF TPE grades offers improved lead times for automotive...

EuPC: Renato Zelcher re-elected for Presidency

15.06.2020 - During the General Assembly of European Plastics Converters, Renato Zelcher, CEO of Crocco SpA, has been re-elected as EuPC President for the next two years. While the annual two-day conference "A Circular Future with Plastics" had to be postponed by one year due to the Covid-19 pandemic in Europe,...

Ineos Styrolution: Price increase for ABS and PS in June

12.06.2020 - Ineos Styrolution has increased the Gross Market Price level in Europe for Terluran ABS valid as of June 1st, 2020 by +65 Euro/mt versus May 2020. The Gross Market Price for Polystyrene (GPPS, bulk) valid as of June 1st, 2020 is increased by +75 Euro/mt vs. May 2020. The surcharge for HIPS is...

Domo to stop and close BOPA production at Leuna plant

12.06.2020 - Domo Chemicals has announced plans to stop and close its line of Biaxally Oriented PA films (BOPA) from Domo in Leuna (Germany), effective from August 2020. Affected employees have been informed and other operations at the Leuna plant will not be impacted by the move. The decision was reached as a result...

Trinseo: Price Increase for Polystyrene and Copolymers in Europe

05.06.2020 - Trinseo, a global materials company and manufacturer of plastics, latex binders and synthetic rubber, and its affiliate companies in Europe recently announced a price increase for all polystyrene (PS), ABS and SAN grades. Effective June 01, 2020, or as existing contract terms allow, the contract and...

Arkema finalizes the divestment of its Functional Polyolefins business

02.06.2020 - The sale of Arkema’s Functional Polyolefins business to SK Global Chemical was finalized on June 1st and is fully in line with the strategy to refocus the Group’s activities on Specialty Materials. With sales of around 250 million Euro, the Functional Polyolefins business, which is part of the PMMA...

BASF started piling of the first plants of its smart Verbund project in Zhanjiang

02.06.2020 - On May 30, BASF kicked off the piling work of the first plants of its smart Verbund project in Zhanjiang, Guangdong, China. This came as another important milestone in the development of the company’s US$10 billion investment project since its official commencement in November 2019. The first plants...

Alpla: Packaging solutions and recycling specialist to buy plant in Spain

29.05.2020 - Alpla, the global packaging solutions and recycling specialist, is acquiring Bopla S.A. as part of an asset deal. Alpla intends to use the Spanish company’s expertise in the area of single-stage manufacturing technologies to expand its own product portfolio. Founded in 1978, Bopla S.A. uses the technologies...

Borealis appoints Erik van Praet as Vice President Innovation & Technology

26.05.2020 - Borealis announced the appointment of Erik van Praet as Vice President effective 1 April 2020. Erik van Praet succeeds Maurits van Tol, who decided to pursue his career outside of Borealis in October 2019. Erik started his career with Borealis in 1995 as development engineer in Zwijndrecht, Belgium,...

PRE: Plastics recyclers cease production - Recyclates demand impacted by the Covid-19 pandemic

26.05.2020 - According to Plastics Recyclers Europe (PRE), the European association of plastics recyclers, large parts of the European plastics recycling industry are currently closing their production. The reason for this is the current market development caused by the Covid 19 pandemic. The major problems named...

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