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Closure of packaging unit by Rexam a result of synergies achieved by recent acquisitions

Global leader in consumer packaging, Rexam, has announced the closure of its Ohio, plastic packaging manufacturing plant. The plant closure is currently scheduled for Q4-08. The plant, wh...

01-Aug-08

Time Technoplast reports 70% jump in Q109 net profits

Time Technoplast Ltd. has reported a 70% jump in its net profit for Q1-09 to Rs. 19.52 crore as against Rs 11.49 crore posted in Q1-08. Net sales for Q1-09 rose to Rs. 188.82 crore as a...

01-Aug-08

Metallic properties into thermoplastic resins for personal care products

Designers and makers of personal care products like lipsticks, bottle cap, compact cases, etc will now have an advantage of using new plastic materials, though retaining the characteristi...

31-Jul-08

Mounting feedstocks, slowing demand to result in Idemitsu's 15% scale-back in monomer styrene production

The decline in profit margins and slowing demand of styrene monomer led by the sharp rise in crude and naphtha cost have resulted in Japanese oil refiner, Idemitsu Kosan Co. to cut back t...

31-Jul-08

Sub-sea pipeline insulation and field-jointing without mercury catalysts

Dow Hyperlast continues to respond to both environmental concerns and major flowline thermal-loss prevention advancements, with the introduction of a comprehensive range of pipeline insul...

31-Jul-08

3-day workers' strike to upset Haldia Petrochem from August 18

Centre for Indian Trade Union (CITU), a CPM labour arm has decided to go on a 3-day strike at Haldia Petrochemicals Ltd. from August 18 as their demand for permanent employment of 183 con...

31-Jul-08

Negotiations in process for La Seda - Indorama amalgamation

Spanish PET manufacturer, La Seda de Barcelona is presently in negotiations with Indorama to merge with the Thai group. Indorama, an expanding petrochemicals group in Asia has made an off...

31-Jul-08

Lubrizol to close Canadian additives blending facility

The Lubrizol Corporation has announced its decision to close its Niagara Falls, Ontario facility. After careful review of its operations and evaluation of different business strategies, t...

31-Jul-08

LUKoil mulls US$3 bln investment in ethylene plant in South Russia

Russia's largest independent crude producer - LUKoil, plans to invest US$3 bln in an ethylene and derivatives plant in South Russia's Stavropol Territory. Feedstock for the project could ...

31-Jul-08

Technical glitches at SABIC could tighten polyethylene supply in Middle East

Technical glitches at SABIC's 650,000 tpa Petrokemya No. 1 cracker at Al Jubail has led to a dearth of ethylene feedstock caused, shuttering two of its polyethylene lines and one of its c...

31-Jul-08

Asian propylene prices slip further by weak demand

Unenthusiastic buying due to sufficient inventories with the buyers and subdued downstream demand has plunged propylene prices in Asia by about fifty dollars to US$1600/MT FOB levels. Des...

31-Jul-08

PVC imports fall by 19% in H1-08 in China, expected to fall further

China imported approx 425,000 tons of Polyvinyl chloride (PVC) in the first six months of 2008, representing a 19% drop in PVC imports for the corresponding period last year. China's tota...

31-Jul-08

Has Styrene Monomer market hit rock bottom in Asia?

Buyers' interest has not been evoked and no enquiries heard even as sellers offered Styrene Monomer for second half August delivery in the spot market at US$1600/MT FOB Korea levels. Abse...

31-Jul-08

Oil prices slacken marginally as the market awaits US inventory report

Oil prices have slackened in Asian trading as global markets await the weekly US inventory report expected to continue to show a demand slowdown in the US and augmenting concerns of slack...

30-Jul-08

Higher petrochem margins and increased value of traded gas help GAIL attain 31% rise in net profits

Owing to increased margins in the petrochemicals and increase in volumes of gas transported, Gas Authority of India (GAIL) reported an unexpected 31% rise to reach Rs. 897 crore in Q1 of ...

30-Jul-08

Altamira in Mexico to house new LyondellBasell's PP compounding plant

LyondellBasell Industries, one of the world's largest polymers, petrochemicals, fuel companies and global leader in polyolefins have announced the establishment of a 30,000 tpa year compo...

30-Jul-08

Rising input costs and recession in the economy to dent US packaging industry

The US packaging industry is likely to face a rough road ahead towards the end of 2008. The major factors leading to this situation are the record hgh raw material costs, recession in the...

30-Jul-08

Low-Chlorine content Fortron® PPS for electrical and electronic applications

Ticona Engineering Polymers, the world's largest supplier of linear polyphenylene sulfide (PPS), has announced a new grade of Fortron® PPS that reduces the amount of chlorine contained in...

30-Jul-08

SABIC IP announces FM on ABS in North America, Taiwan's FCFC running at 50%

Under pressures of feedstock shortage, SABIC Innovative Plastics has declared force majeure (FM) on ABS and SBR products in North America. Compelled by prolonged tight supply from butadie...

30-Jul-08

Lotte Daesan 300,000 tpa polypropylene plant comes onstream at Daesan

Production of on-spec polypropylene has commenced at Lotte Daesan's new plant, that was supplied with propylene for the first time on July 15. Commercial operations at the new 300,000 tpa...

30-Jul-08