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Latest international plastic news, information and facts on plastics, polymer news, trends and developments in plastics industry. Subscribe to receive latest developments about plastic products, plastics trends, news & plastic information
Alcoa plans to hive off its packaging and consumer businesses to New Zealand´s Rank Group Ltd. for US$2.7 bln in a cash deal. The transaction is expected to be completed by the end of Q1-...
Injaz Projects' joint venture proposal of US$2 bln to acquire a 51% controlling stake in Turkey's state-owned petrochemicals manufacturing company, Petkim Petrokemiya, is to close on sche...
The rivalry between Shell and BP to build refineries in China seems persistent. BP was shortlisted instead of Shell to participate in the 15 mln tpa refinery project in Guangzhou in partn...
Dow Chemical Co. and its Brazilian partner Crystalsev, plan to invest US$800 mln in a polyethylene plant in Brazil to produce plastics from sugar cane instead of petroleum as feedstock. ...
The results of a feasibility study for the multi-billion Sino-Kuwaiti joint venture in south China's Guangdong Province is expected to be completed next year. The findings for the project...
The Linde Group has secured a long-term contract with Ningbo Wanhua Polyurethane, China's fastest growing polyurethane company to supply oxygen and nitrogen from 2010 onwards. Wanhua is t...
DSM Venturing, the corporate venturing unit of Royal DSM N.V., has invested in a stake in Novomer Inc. for an undisclosed amount. The companies also plan to sign a cooperation agreement. ...
Cosmo Films Ltd, manufacturer of Bi-axially Oriented Polypropylene Films (BOPP) and Thermal Lamination Film, plans to raise Rs 33.17 crore through issue of 31 lakh fully convertible warra...
As the growth and profitability of nylon fibers is declining, many companies have and will continue to divest nylon fiber assets from their portfolios. CMAI predicts that Asia will be the...
Light, sweet crude for February delivery rose to US$94.39 a barrel in Asian electronic trading on the New York Mercantile Exchange, midmorning in Singapore. Wednesday witnessed a rise in ...
Despite its ethylene unit being hit by a fire, Japan’s Mitsubishi Chemical Corp. expects to be able to supply petrochemical raw materials and products to its customers through to the end ...
The Fair Trade Commission has fined six Korean petrochemical companies more than W54 bln for fixing the price of synthetic resins over the last 11 years (US$1=W941). Earlier this year, in...
The stock price and estimated amount paid have been determined for the initial public offering (IPO) of the Rabigh Refining and Petrochemical Company (Petro Rabigh), which will be held on...
Along with the innovative Plantic Technologies Ltd., UK’s Marks & Spencers has introduced environmental friendly packaging for Swiss chocolates. The Plantic® trays within the box are: Bi...
As per a statement, US$3.7 bln of petrochemicals were exported from Iran since March 21, 2007. Iran has sold US$5.5 bln worth of various petrochemical products since the start of the curr...
Russia’s leading petrochemicals company – SIBUR, plans to open and register a representative office in Peking in the People’s Republic of China. The SIBUR group has a total of 34 plants a...
Haldia Petrochemicals Ltd (HPL) is in the process of preparing a proposal to maintain its bottomline at current levels even during the petrochem downturn period which is expected to start...
Eastern Thailand could face water shortages in the next five years unless additional resources can be made available to meet growing demand from 300 bln baht worth of new petrochemical co...
SUMMARY Crude oil futures witnessed a two dollar gain, spiking to US$93 levels on release of government report showing a more than expected dip in US weekly inventories and increased con...
In a bid to meet groing demand from the automotive, appliance, electrical and electronics sectors, Basell has started construction of its second polypropylene compounding facility in Chin...
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