accelerating prices has brought into sharp focus their conflicting stands on rubber imports and stocks. Rubber prices touched record levels as it rose 22% in the past couple of months.
PlasticPlaces.com unveils an innovative and international website specially designed for the Plastics Industry. It provides a venue for companies and individuals to market themselves and socialize with prospects and others in the industry. www.plasticplaces.com is a free membership site offering a wide variety of services.
Gateshead Council has paraded the gleaming new blue recycling bins it will be supplying to homes in the area over the coming months by displaying them on the town’s famous landmark to launch their recycling scheme. The bins have been manufactured by MGB Plastics, the UK’s leading manufacturer of wheeled bins, who will now supply 84,000 wheeled bins direct to homes in Gateshead over a six month period.
Michelin North America Inc. ranked No. 1, Goodyear was second and Bridgestone Americas Inc. came in third in the annual Rubber & Plastics News ranking of North America’s rubber product makers.
PolyOne Corp., which makes specialized plastics and resins for constructing buildings and vehicles, said Wednesday it repaid and closed early a $40-million revolving loan from Citicorp USA Inc.
Shares of The Goodyear Tire & Rubber Company (NYSE:GT) are trading very close to calculated support at $9.65 with current price action closing at just $10.01 places the stock price near levels where traders will start paying attention.
Plastics News long has recognized excellence in plastics processing with our highly regarded Processor of the Year Award. We now are introducing three additional honors -- the Plastics News Excellence Awards -- for exemplary performance by processors in the areas of customer relations, employee relations, and industry/public service.
Plastics currently form one of the most important components of the medical industry. Medical device designers and engineers increasingly prefer plastics to conventional packaging materials such as metals owing to superior flexibility offered by plastics in fabrication process. Advancements in sterilization techniques, shift towards disposable devices, development of enhanced plastic materials, and technological innovations are factors driving the overall market growth and expansion. The development of novel materials such as biocompatible polymers for use in medical implants will furthermore provide the required impetus for the global medical plastics market.
FP-Pigments, a Finland-based producer of specialty pigments used in paints and coatings, paper and board, plastics and printing inks, will open its first US manufacturing plant next year.
Demag Plastics Machinery Co (Ningbo) Ltd wants to turn its China injection press assembly plant into an export base to Southeast Asia and South America, and aims to have about one-third of its production shipped overseas within two years.
The Association of Natural Rubber Producing Countries has lowered its forecast for growth in global natural rubber supply this year, which could lend further support to prices amid already strong demand.
FP-Pigments, a Finland-based producer of specialty pigments used in paints and coatings, paper and board, plastics and printing inks, will open its first U. S. manufacturing plant next year.
American Plastic Molding Corp. is launching a $1.5 million investment in new equipment at its Scottsburg, Ind., operation to keep up with new business coming to the company.
As China flexes its economic muscles, European companies there are optimistic about the market but also have growing concerns about “discretionary” enforcement of laws and a less fair business environment, according to the top European business group in China.
Governor Ted Strickland late Monday announced that the Ohio Tax Credit Authority has approved Job Creation Tax Credits for four businesses involved in projects that, if expanded or located in Ohio, are expected to create 142 jobs and retain 2,307 positions in northwest Ohio.
Kyocera Industrial Ceramics Corporation, Cutting Tool Division today announced its new CA4505 and CA4515 CVD coated carbide grades of indexable cutting tool inserts for machining gray and nodular (ductile) cast iron. Featuring Kyocera's new Bright Black (BB) coating technology, the CA45-series offers superior resistance to premature insert wear and fractures.
A St. Louis-based plastic injection molding company will pay $190,000 and provide other relief to resolve a sexual harassment and constructive discharge lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the agency announced on June 22.
China-focused private equity firm Origo Partners (OPP.L) will spend up to $6.65 million buying a stake in a Chinese recycling company, making its third investment in the region since raising $30 million to fund such deals.
China XD Plastics Company Ltd. ("China XD Plastics" or the "Company") (Nasdaq: CXDC), the largest Chinese manufacturer engaged in the development, manufacture, and distribution of modified plastics primarily for use in automotive applications in China, today announced that, according to a preliminary list of additions dated June 11, 2010, updated on June 18 2010 and posted on http://www.russell.com , the Company will be included in the broad-market Russell Global Index when Russell Investments reconstitutes its comprehensive set of U.S. and global equity indexes after the market closes on June 25, 2010.
As a prospective corporation considers its move to the Jamestown area, a deadline is approaching for an essential tax credit program offered by the state.
At least six or seven plastic processing companies from the state have decided to set up units at the upcoming Tinsukia Plastic Park in Assam for a total investment close to Rs 150 crore in response to Assam Industrial Development Corporation Ltd's (AIDCL) campaign to attract investors to the Plastic Park project.
Advanced Polymer Trading, an international trading company specialising in the world wide trade of rubber and plastic, is pleased to announce that it will exhibit at the international plastic and rubber trade fair IranPlast 2010.
LANXESS, the world's largest manufacturer of synthetic rubber, today announced the key suppliers for its new butyl rubber plant on Jurong Island in Singapore. With these suppliers in place, the project execution phase is now in full swing to set up the infrastructure for the construction of the plant. Production is scheduled to start in the first quarter of 2013 and the plant represents an investment of up to EUR 400 million (US$575 million) for LANXESS.
Dow Chemical Co. said Thursday it has completed the $1.63 billion sale of its Styron plastics division to Bain Capital Partners, but will retain a 7.5 percent stake in the materials company.
The chief executive of Formosa Plastics Group, Taiwan's largest petrochemical conglomerate, expressed disappointment Thursday that the petrochemical sector was not included on the "early harvest" list under a proposed trade pact with China.
In a potentially landmark move, Ball Corp. plans to sell its Plastic Packaging Americas business to Australian packaging giant Amcor Ltd. for $280 million. The deal will apparently make Amcor the largest blow molder in North America.
China’s PE production capacity will likely grow more than 5 percent a year between 2011 and 2016, but rapidly rising domestic demand means the country will continue to import significant amounts of polyethylene and other polyolefins, according to Chinese analysts.
Owner Revolution Inc. has launched Schafer Solutions Inc., a resource for the development, manufacturing and delivery of plastics. B.Z. "Bud" Karachiwala has been named business manager of the new unit. He is a graduate of Iowa State University with degrees in mechanical engineering and industrial engineering. He also has a master's of business administration.
The grant is made available through the PACIA Rewards Program, a special program made possible through the Sustainability Covenant between PACIA, the plastics and chemicals industry peak body, and EPA Victoria, the Environment Protection Authority in Victoria.
One of the challenges for foreign machinery companies manufacturing their equipment in China is the risk that the country’s lower costs could cannibalize business from its home factories.
CHINA GOT the ball rolling, emerging in a matter of decades as the world's leading plastics manufacturing hub. And now another region aspires to emulate its example - the Middle East.
Cereplast, Inc. /quotes/comstock/15*!cerp/quotes/nls/cerp (CERP 3.44, 0.00, 0.00%) , a leading manufacturer of proprietary bio-based, sustainable and biodegradable bioplastics, has introduced 11 new grades of Cereplast Compostables(R) resins to meet the increasing demand for improved productivity across all conventional plastic processing techniques while also improving physical property performance.
An explosion at a plastics company in Minneapolis injures three people.According to the fire department, a flash explosion happened at the Interplastics Corporation around 7:30 in the morning.Some workers were replacing the cap on a tank that was filled with an acid-based product.The tank was damaged in the explosion.The fire department says no chemicals were released into the air and the public was never in any danger.
At the final annual meeting of the Elastomer Products Group, its successor organization, the American Association for Rubber Manufacturers, set providing value to its members as its primary goal.
PolyOne Corp.’s distribution unit has expanded its product mix to include silicone products made by Dow Corning Corp. for North American health-care device manufacturers.
Just back to Houston after serving in the Air Force during World War II, a 21-year-old L.D. Blackwell had to lobby his congressman for a veteran's exemption to buy an injection molding machine.
The Goodyear Tire & Rubber Company (NYSE: GT) today announced that Damon Audia, Scott Honnold and Jenny Wang have been named to new leadership positions.
Cereplast, Inc., a leading manufacturer of proprietary bio-based, sustainable plastics, announced today that it expects to produce and ship approximately 16 million pounds of their proprietary bio-plastic resins to customers in 2010, representing a 400% increase in shipments compared to 2009.
Those looking for the future of high-end plastic molding in Asia might want to study inside an unassuming factory in the industrial city of Taichung. The company — one of the largest mobile phone handset makers in the world — is focusing on new technology and automation to keep ahead in the ultracompetitive mobile communications industry.
The Goodyear Tire & Rubber Company /quotes/comstock/13*!gt/quotes/nls/gt (GT 11.52, -0.54, -4.48%) will enlist its famous airship fleet to remind motorists that June 6-12 is National Tire Safety Week. The three Goodyear blimps - Spirit of America, based in Carson, Calif.; Spirit of Goodyear, based in Akron, Ohio; and Spirit of Innovation, based in Pompano Beach, Fla.; will fly with specially designed day and night messages beginning today.
Reko International Group Inc. /quotes/comstock/11t!rek (CA:REK 0.75, -0.25, -25.00%) today announced results for its third quarter ended April 30, 2010.
The bioplastics sector, consisting of plastics that either biodegrade or have bio-based components, surged last year despite the economic downturn, according to an industry press release.
First American Plastic Molding Enterprise, a leading plastic injection molding company, announces its feature in the spring 2010 issue of top industry magazine Manufacturing Today. First American Plastics specializes in plastic injection molding, a specialized service that produces plastic parts used on a day-to-day basis. From plastic spoons to automotive speaker components, the company is dedicated to maintaining a continually improved process that delivers quality results every time.
North American mold makers are changing because of overseas competition. They’re changing because of new equipment coming on the market. They’re changing because of customer demands. They’re changing as one generation of mold makers moves toward retirement and the industry works to attract replacements.
Billionaire Mukesh Ambani’s Reliance Industries Ltd. may start work on a multibillion-dollar chemical plant this year, reviving a project to meet India’s surging demand for the raw materials for plastics, drugs and textiles.
Continental Tire of the Americas recently received the Rubber Manufacturers Association Safety Improvement award. The RMA award is designated for manufacturing plants in the U.S. that achieve an incidence rate that is both 10 percent better than its rate in the previous year, and the same or better than the RMA average incidence rate.
According to one of the representatives within the plastic manufacturing industry in Brazil, the largest players in the industry must consolidate into bigger players in order to improve access to competitive raw materials and boost exports.
Industrial employment in Louisiana fell 2.3% over the past twelve months according to the 2010 Louisiana Manufacturers Register®, an industrial directory published annually by Manufacturers' News, Inc. (MNI) Evanston, IL. MNI reports Louisiana lost 4,704 industrial jobs between April 2009 and April 2010, a small loss compared to many states across the nation, but still larger than the 1.7% loss MNI reported for Louisiana over the 2008-2009 period.
Sumitomo Demag Plastics Machinery GmbH will the first company to choose its exhibit space for NPE2012, which will be held April 1-5, 2012, at the Orange County Convention Center in Orlando, Fla.
Plastic Molding Manufacturing Inc. of Hudson, Mass., plans to boost its medical device and healthcare business through the purchase of the assets of Clinton, Mass.-based Res-Tech Corp.
Waste Management, Inc. (NYSE: WM) and MicroGREEN Polymers, Inc. (MicroGREEN) today announced a strategic investment as part of a Series B round of financing that generated a total of approximately $6.9 million from Waste Management, Seattle-based WRF Capital, Northwest Energy Angels and other private investors. This round of funding will enable MicroGREEN to increase engineering, sales and marketing staff, and expand its commercial production capabilities for a wide range of consumer products.
The Society of Plastics Engineers’ next two presidents, Ken Braney and Russell Broome, embody the two main goals as SPE reinvents itself: Get more global and attract young members.
Eight minutes before the labor contract's expiration, negotiators from Yokohama Tire Corp. and United Steelworkers Local 1023 reached a tentative agreement for a new four-year pact.
Cereplast, Inc. /quotes/comstock/15*!cerp/quotes/nls/cerp (CERP 4.65, -0.17, -3.53%) ("Cereplast," or the "Company"), a leading manufacturer of proprietary bio-based, sustainable plastics, announced today that Bunge Alimentaris, a Brazilian subsidiary of Bunge, Ltd will be expanding its use of Cereplast Resins as a compostable food packaging solution throughout Brazil. This marks the continued success of Cereplast's bio-based resins in award-winning compostable food packaging solutions offered by Bunge.
Designers, innovators and manufacturers of every conceivable type of plastic from recycled and scented polymers to medical devices, car parts and lightweight packaging are descending on the Telford International Centre this week as it plays host to the Plastics Design & Moulding Exhibition and Conference (PDM10, 18-20 May 2010).
The company, is one of the most reputed manufacturers and suppliers of Plastic Films, has stepped forward to unveil its ultimate goal to make business as simple as a click through its comprehensive website. The new site offers detail product information, contact information, user-friendly product navigation with comprehensive information regarding the company's profile.
With the dust having settled on two of the bigger international plastics tradeshows, Canadian exhibitors and attendees have returned home with some insights about foreign markets. Here's a partial post-mortum.
IPL Inc. /quotes/comstock/11t!e:ipi.a (CA:IPI.A 4.59, -0.01, -0.22%) , one of North America's leading manufacturers of plastic products, today announced results for the second quarter of its 2010 fiscal year ended April 1, 2010.
Teijin Limited (TOKYO:3401) announced today the establishment of Teijin (China) Investment Co., Ltd. in Shanghai to reinforce and expand business, including through investment, in the Chinese market, one of the key markets in Teijin's future growth plans.
Rogan Corp. has purchased two Sodick injection presses, with a third one coming later this year, as the company expands liquid silicone molding operations for medical at its plant in Northbrook.
Industrial service provider Eriks (Alkmaar / The Netherlands; www.eriks.com) has acquired plastic components producer Fischer (Laupheim, Ulm / Germany). Fischer, which has production facilities in Laupheim and Arnstadt, Thuringen / Germany, manufactures high performance plastic parts for the equipment manufacturing market supplying the food and pharmacy, chemical and electronics industries. The company employs 130 workers in Laupheim and 20 in Arnstad. The deal was agreed on 6 May 2010.
China XD Plastics Company Ltd. ("China XD Plastics" or the "Company")(Nasdaq: CXDC), a leading Chinese developer, manufacturer, and distributor of modified plastics primarily for use in the automotive applications in China, today announced financial results for the first quarter ended March 31, 2010.
It may be the only room of its kind in the world: A sprawling space displaying 50 scale models of a single company's far-flung factories and other facilities.
The problem is Goodyear Tire & Rubber Co. doesn't know what to do with it.
Mayfield Plastics is the feature article in this month’s edition of Plastic Technology magazine. The article entitled “Mayfield Rides the Medical Wave” details the transformation the company has made from the machine tool industry to a major player in medical thermoformed parts. According to the article, Mayfield’s physical location in Massachusetts played a role in its decision to seek out medical business. “This area has typically been where innovative companies have located,” says company president Ron Cross.
Global polyolefins giant LyondellBasell is emerging from bankruptcy on April 30, with new ownership and only a fraction of the debt it was struggling with just 15 months ago.
Year-over-year earnings reports show how far the global plastics industry has come since the start of 2009, with plastics titans Dow, ExxonMobil Chemical, and BASF showing double-digit gains in sales and volumes, even in Western economies that had heretofore lagged.
Bemis Company, Inc. /quotes/comstock/13*!bms/quotes/nls/bms (BMS 30.77, -0.61, -1.94%) today reported quarterly diluted earnings from continuing operations of $0.27 per share plus diluted earnings from discontinued operations of $0.01 per share for the first quarter ended March 31, 2010. This compares to $0.36 per share for the same quarter of 2009. Excluding the effect of acquisition-related charges, pre-acquisition financing impacts, and 2009 severance charges associated with workforce reductions, as detailed in the attached schedule, "Reconciliation of Non-GAAP Data," diluted earnings per share from continuing operations, as adjusted, would have been $0.48 for the first quarter of 2010 compared to $0.43 for the
With the official start-up of its 140,000-tonnes/yr compounding operation for polypropylene (PP) in Genk, Belgium this March, Sabic Innovative Plastics (Pittsfield, MA) has augmented its slate of solutions for the automotive sector from filled PP grades through to advanced engineering plastics.
Cereplast, Inc. /quotes/comstock/15*!cerp/quotes/nls/cerp (CERP 4.99, -0.05, -0.99%) , a leading manufacturer of proprietary bio-based, sustainable plastics, announced today that its plan to develop a new family of algae-based resins is progressing well and that the Company expects to offer the first grade of Cereplast Algae Plastics(R) for commercial use by the end of the year.
Kraton Performance Polymers, Inc. (NYSE: "KRA"), a leading global producer of styrenic block copolymers or "SBC's" (together with Kraton Polymers LLC and its other subsidiaries "Kraton"), announced plans to invest approximately $27 million in its Belpre, Ohio plant to enable production of Poly-Isoprene Rubber. This strategic decision will allow Kraton to manufacture this product in the U.S. to support increased customer demand and the projected long-term needs of the market.
Eastman Chemical Co. is considering the sale of its PET business, the flagship material that has been its most recognizable product for more than 30 years.
A change in how the Chinese government applies the VAT on injection molding machines seems certain to help the country's local manufacturers and could also hinder imports. Able to profit from the change is Demag Plastics Machinery (Ningbo) Co., with the company expanding to meet fast-growing demand, and working even more closely with high-end Chinese mold and auxiliary equipment manufacturers.
Apollo Tyres Ltd., India’s biggest tiremaker by market value, plans to raise prices to partly offset rubber costs that have surged to a record on rising Chinese demand and lower output of the raw material in Thailand.
Berry Plastics Corp on Thursday sold $500 million of senior secured second lien notes in the 144a private placement market, said IFR, a Thomson Reuters service.
As a tiny niche in the plastics world, rotational molders should stop worrying that resin companies ignore them, and focus on buying resin from specialty compounders that target rotomolding, industry officials said at a Society of Plastics Engineers conference.
The doors to diversity programs at major corporations aren’t open to most rubber product manufacturers simply because they don’t have minority ownership.
Rotational molders at a Society of Plastics Engineers conference heard an update on Hedstrom Plastics’ move into a former Wal-Mart and learned why Trilogy Plastics Inc. has invested in computer numerically controlled routers.
Leonardo da Vinci revolutionized invention and science, and now another Italian named Leonardo -- this time a machine -- is poised to revolutionize the rotational molding industry.
Stout Risius Ross Advisors, LLC (SRR) announced today that its client, Everett Smith Group, Ltd. a Milwaukee-based privately held investment company has sold its interest in Dickten Masch Plastics, LLC to Patmian LLC, a privately held company based in New York.
Sonoco /quotes/comstock/13*!son/quotes/nls/son (SON 34.21, +0.18, +0.53%) , one of the largest diversified global consumer and industrial packaging companies, today reported much improved first quarter 2010 results and raised base earnings per share guidance for full-year 2010.
With the first-ever Chinaplas Green Forum going on in the background, resin makers at the annual plastics exhibition were suddenly flush with an abundance of bio-based polymers.
Fabri-Form Co., a thermoformer and custom fabricator in New Concord, will add capacity at its plant in nearby Byesville -- a project due in part to a state development grant.
China XD Plastics Company Ltd. ("China XD Plastics" or the "Company"), (Nasdaq: CXDC), the largest Chinese manufacturer in the development, manufacture, and distribution of modified plastics primarily for use in automotive applications in China, today announced it entered into a District Entry Agreement (the "Agreement") and a Memorandum (the "Memo") with Harbin Economic and Technological Development Zone Administration (the "Administration") to relocate its manufacturing facilities and change its address of business of record and tax registration to 9 North Dalian Road factory in the Ha Ping Road Centralized Industrial Park in the Harbin Economic and Technological Development Zone (the "Development Zone"),
Ferro Corporation /quotes/comstock/13*!foe/quotes/nls/foe (FOE 9.96, +0.13, +1.32%) announced additional restructuring actions to reduce costs related to the Company's European plastics manufacturing. This action is the latest restructuring step in a group of projects that were initiated in connection with Ferro's equity offering in November 2009.
China XD Plastics Company Ltd. ("China XD Plastics" or the "Company"), (Nasdaq: CXDC), a leading Chinese developer, manufacturer, and distributor of modified plastics primarily for use in the automotive applications in China, today announced financial results for the fourth quarter and fiscal year ended December 31, 2009.
Cooper Tire & Rubber Company (NYSE: CTB) will announce its first quarter 2010 financial results before the market opens on Wednesday, May 5. Company management will discuss the financial results in a conference call beginning at 11 a.m. Eastern Daylight Time that same day.
Cereplast, Inc. (NASDAQ: CERP) (“Cereplast” or the “Company”), a leading manufacturer of proprietary bio-based, sustainable plastics, today announced that it will be presenting at the upcoming Cleantech Investor Forum taking place in New York City on April 19 and 20, 2010.
Royal DSM NV has launched two bio-based plastics, with both thermoset and thermoplastic blends boasting more than 50 percent of its content from plant-based materials.
Chalk up a win for St. Peters in the chase for new employers.
Austrian packaging manufacturer Alpla, Inc., plans to open a $12 million to $16 million manufacturing plant in the city, the Regional Chamber and Growth Association said today. It will hire 50 to 100 people to start in June, and hopes to expand to 150 employees within a decade.
In his address at The Goodyear Tire & Rubber Company's (NYSE: GT) 2010 Annual Shareholder Meeting today, President and Chief Executive Officer Richard J. Kramer said he is confident in Goodyear's ability to grow as global economies recover.
Particle Sciences Inc. (PSI), a leading pharmaceutical CRO, is adding to its portfolio of drug delivery technologies through the acquisition of a versatile PEG-based technology. The technology covers a series of PEG-grafted cationic polymers that have a wide variety of applications in the pharmaceutical arena.
The ACS Rubber Division is expanding its Cleveland Rubber Expo to include advanced materials and healthcare, in partnership with a number of universities and enterprises involved in the biomedical industry.
Thai Eastern Group (TEG) and Sumitomo Rubber Industries (SRI) have agreed to form joint ventures to manufacture automobile tyres to serve the Japanese automobile industry. Together, they will produce products under such brands as Dunlop, Falken and Goodyear as well as other rubber-related products.
Although Plastics Color Corporation has been in business for over 40 years, the company never saw the need for a formal marketing program. However, when economic realities set in over the past two years, PCC saw the writing on the wall and took action to shape its future.
Dunlop Nigeria, now known as DN Tyre & Rubber Plc, is reportedly seeking to resume local manufacturing as against its previous posture of only marketing goods manufactured in Ghana.
With 80 plants in North America, Europe, and South America, and cumulative processing of more than 20 billion container units annually, Graham Packaging (York, PA) already is one of the world's largest packaging processors and top blowmolders globally. Now, with its announcement this week of its acquisition of a domestic processor there, Graham is extending its already considerable presence to China.
The Goodyear Tire & Rubber Company (NYSE: GT) has announced that Pierre Jambon has been named vice president of the company's off-highway business. In his new role, Jambon will run Goodyear's global aviation and off-the-road businesses as well as its North American racing and motorcycle/ATV businesses. He will report to Curt Andersson, President, North American Tire.
After several years of outstanding growth, sales for rubber molder Valley Rubber L.L.C. leveled off in 2009.
But a flurry of activity beginning late last year has the company in position to build revenues significantly in 2010 and more than double sales in five years.
Richmond-based Hagerstown Plastics Inc. is expanding its operations. The company is investing $260,000 in the former Bev's Threads building and creating six jobs. Hagerstown Plastics manufactures a wide range of injection molded products and says it will use its current facility as a warehouse.
A patented process involving silanes has led to the design and testing of new type of radial tire.
Former University of Cincinnati Engineering Professor Emeritus Wim van Ooij, now chief scientist at the spin-off company he helped set up, filed the patent for the process in the name of the University of Cincinnati in 2004. However, until now, work on its development has been carried out in secret.
Inside new sand-colored buildings on Archer Daniels Midland Co.’s sprawling industrial complex along U.S. 30, a high-tech process uses corn syrup and bacteria to make “green” plastic.
Packaging distributor Berlin Packaging LLC of Chicago on March 3 bought All-Pak Inc. of Bridgeville, Pa., near Pittsburgh. According to Berlin, the combined companies will have sales approaching $500 million, and together will have more than 600 global suppliers of plastic, glass and metal packaging.
Nestled at the edge of a ravine on the south side of Canton, Prime Engineered Plastics Corp. for 14 years has quietly churned out products for a diverse range of clients in a variety of plastics resins.
Solo Cup Company (Lake Forest, IL) has acquired take-out container manufacturer InnoWare Plastic Inc. (Thomaston, GA) in a stock-purchase agreement valued at $24 million. Solo, which manufactures single-use products to serve food and beverages, purchased the maker of disposable foodservice products from its private equity investor, Norwest Equity Partners (Minneapolis, MN).
STY Acquisition Corporation, an affiliate of Bain Capital Partners formed to facilitate its purchase of the Styron division of The Dow Chemical Company, today announced the appointment of Christopher D. Pappas as President and Chief Executive Officer of the Company. The appointment of Pappas to lead the Styron business will be effective upon closing of the transaction, which is currently expected to occur during June 2010, subject to regulatory approvals. Pappas, who began his career at Dow, most recently served as Chief Executive Officer of NOVA Chemicals Corporation.
As Taiwan’s plastics industry has faced serious challenges in recent years from both mainland Chinese competition and the global economic crisis, its government has responded by increasing spending on plastics-related research initiatives to boost its industrial competitiveness.
STY Acquisition Corporation, an affiliate of Bain Capital Partners formed to facilitate its purchase of the Styron division of The Dow Chemical Company, today announced the appointment of Christopher D. Pappas as President and Chief Executive Officer of the Company. The appointment of Pappas to lead the Styron business will be effective upon closing of the transaction, which is currently expected to occur during June 2010, subject to regulatory approvals. Pappas, who began his career at Dow, most recently served as Chief Executive Officer of NOVA Chemicals Corporation.
Belgium’s plastics industry is the latest to highlight signs of recovery in business activity with a significant number of executives surveyed by trade association Federplast predicting a return to growth during 2010.a
The Environmental Protection Administration (EPA) yesterday announced heavy fines on the Formosa Plastics Group (FPG) for groundwater pollution at its Jenwu plant.
Intertape Polymer Group Inc. (TSX: ITP)(NYSE: ITP)("Intertape" or the "Company") today released results for the three months and year ended December 31, 2009. All dollar amounts are US denominated unless otherwise indicated.
The recent rise in natural rubber (NR) prices has prompted the country’s leading tyre companies to re-think their price strategy. A hike in tyre prices for the second time in a year seems imminent, say analysts.
An international exhibition on plastics and rubber technologies and materials was held in Vietnam ' s southern Ho Chi Minh City on Thursday, the Vietnam News Agency reported.
The looming closure of Toyota Motor Corp.’s California assembly plant is beginning to take a toll on suppliers there as well, with plants located around the site ready to shut down starting in late March.
Craig McIntosh, president of Acrylon Plastics in Winnipeg, Manitoba, said the Canadian dollar's climb past parity earlier this decade was a wake up call. The currency, worth only 62 U.S. cents in 2002, soared to $1.10 by late 2007, a five-year period during which Canada lost 241,000 manufacturing jobs.
The Society of the Plastics Industry Inc believes moving NPE to Orlando, Fla., from Chicago in 2012 and 2015 will help boost business with Latin America.
The South African plastics company, Green Compounding Co Ltd, is setting up a factory in Malta, Malta Enterprise executive chairman Alan Camilleri said this morning.
Michelin North America is hiring at most of its South Carolina plants and said it came through the recession in good shape, developments from a bellwether employer that economists see as a sign the state’s economy may be on the mend.
Cereplast, Inc. (CERPD) ("Cereplast" or the "Company") a leading manufacturer of proprietary bio-based, sustainable plastics, announced today that the 1-for-40 reverse stock split of the Company's common stock announced on January 8 has been approved by the Financial Industry Regulatory Authority (FINRA). FINRA has issued a new ticker symbol to Cereplast. Effective at the open of the market on Monday, March 15, 2010, the Company's new stock symbol will be CERPD. In approximately 20 business days the Company's ticker symbol will revert to CERP.
Come April, vehicle owners may have to shell out a little extra for tyres. With natural rubber prices northbound, tyre makers are mulling a
price hike to improve margins. While companies such as Ceat and Birla Tyres have decided to hike prices by 2-5%, others like Apollo Tyres and JK Tyre are closely tracking the market before taking a final call on the quantum of increase. If tyre makers indeed go in for a price hike next month, it will be the second successive hike this year. Tyre companies had increased prices in January.
Diversified U.S. manufacturer Illinois Tool Works Inc (ITW.N) reported a 10 percent rise in operating revenue for the three months ended Feb. 28 and raised the low end of its first fiscal quarter profit forecast.
In his first year as CEO of Eastman Chemical Co., James Rogers received compensation valued at $3.5 million, according to an Associated Press calculation of figures disclosed in a regulatory filing.
Toyo Tire Holdings of Americas Inc. (TTHA) reports the company’s president, Masaharu Yoshimoto, will be retiring at the end of March, and that Takashi Shimizu has been appointed its president effective April 1.
The global sales and distribution network of DME Co. has been joined with the hot runner, processing, and analytical technology of Plastic Engineering & Technical Services Inc. in a strategic alliance aimed at improved sourcing for molders and moldmakers worldwide. First targets: new solutions for medical and high-volume consumer applications.
An Eastman Chemical plant in Longview, Texas remains down more than two weeks after an unexpected equipment failure during a restart in late February shut the plant down. Company officials said the plant should return to full production by the end of this month.
The chairman and outgoing chief executive of Goodyear Tire & Rubber Co. received a pay package valued at $14 million in 2009, a 40 percent increase from the year before, according to an Associated Press analysis of a regulatory filing.
Dow Chemical Co. said Tuesday it would sell its Styron division to Bain Capital Partners in a 1.63 billion deal that gives it cash to pay down debt and free up resources for its higher-margin businesses.
The Dow Chemical Company today made public several support efforts that have been underway to assist the ongoing disaster recovery efforts in Haiti and Chile. The Company announced additional support of the Haiti earthquake response through its support of a relief mission which took place on March 6 and 7 to bring surgeons, medical supplies and clothing to those in need, and an initial financial contribution to relief efforts in Chile as well.
Mergers and acquisitions are not the hot topic they once were, but in Northeast Ohio's plastics industry, they're a chief tool for companies to enter new markets, gain customers and expand capacity.
Diversified chemical firm Dow Chemical Co. (DOW: News ), Monday announced the appointment of William Weideman as Executive Vice President and Chief Financial Officer.
The Goodyear Tire & Rubber Company today announced the results of its offer to exchange any and all of its $650 million in aggregate principal amount of 7.857% notes due in 2011 ("old notes") for a new series of 8.75% notes due in 2020 ("new notes") and its solicitation of consents from holders of the old notes to certain proposed amendments to the terms of the indenture that governs the old notes.
Taiwan’s plastic machinery industry, one of the world’s largest, is seeing a strong economic rebound as mainland China and other emerging markets push production almost to levels seen before the worldwide economic meltdown in 2008.
Cooper Tire & Rubber Company ( CTB)today reported net income of $39 million for the quarter ended Dec. 31, 2009, a $183 million improvement from the same period in 2008. Net sales were $773 million, an increase of $137 million, or 22 percent, from the prior year. Operating profit was $60 million for the quarter, a $224 million improvement from a loss of $164 million in 2008. The Company reported net income of 63 cents per share during the quarter on a diluted basis. These results included income of $6 million from discontinued operations during the quarter.
China XD Plastics Company Ltd. ("China XD Plastics" or the "Company"), (Nasdaq: CXDC), the largest Chinese developer, manufacturer, and distributor of modified plastics primarily for use in the automotive applications in China, today announced the signing of a one-year non-exclusive agreement with Ningbo Huading New Material Technology Company Limited ("NHNM"). Under this agreement, NHNM will distribute the Company's modified plastics for automotive applications in the Eastern Chinese Market, specifically in the area of Zhejiang Province.
Cooper Tire & Rubber Co. will increase its ownership in its Cooper Chengshan (Shandong) Tire Co. Ltd. joint venture in China to 65 percent at the request of its partner there, Chengshan Group.
More than 200 people will be out of work when Constantine’s largest employer closes by the end of September.
Production for Rexam Plastic Packaging, a maker of plastic bottle caps and a major tenant in the Constantine Industrial Park, will be absorbed by other manufacturing Rexam facilities in the United States, a company official said Wednesday.
The Goodyear Tire & Rubber Company (GT) filed Annual Report for the period ended 2009-12-31.
The Goodyear Tire & Rubber Company has a market cap of $3.37 billion; its shares were traded at around $13.9 with and P/S ratio of 0.2. The Goodyear Tire & Rubber Company had an annual average earning growth of 23.3% over the past 5 years.
The digging won't begin in earnest until April, but a foot of snow was cleared to make room for a few ceremonial shovels of dirt at a dignitary-studded groundbreaking ceremony for Bridgestone Americas' new $100 million technical center in Akron.
Six finalists have been named for the Clean Technology Business Forum & Competition, sponsored by the Society of Plastics Engineers’ Plastics Environmental Division.
Leading plastics manufacturing equipment supplier Wittmann Battenfeld UK (WIBA UK) reports that automation and robotics is set to play a key part in the forecasted growth for the company this year.
Recipients of Global Plastics Environmental Conference (GPEC®) 2010 Environmental Stewardship Awards will be honored at a banquet on March 9 at GPEC, which takes place March 8-10 in Orlando, FL. Awards reflect conference theme of "Sustainability and Recycling: Raising the Bar in Today's Economy." In all, 11 companies will be given awards in honor of their unique contributions to environmental leadership and excellence.
Michelin & Cie., the world’s second- largest tiremaker, said profit tumbled 71 percent last year as sales to automakers and trucking companies plunged and reorganization costs rose.
A mixture of recessionary factors has led injection moulder, Shep Plastics Ltd, based in Hailsham, Sussex, to be put into liquidation. It had supplied mouldings to a wide range of companies, with major customers in hygiene and filtration.
China XD Plastics Company Ltd., the largest Chinese developer, manufacturer, and distributor of modified plastics primarily for use in automotive applications in China, today announced selected estimated unaudited financial results for the fourth quarter and fiscal year 2009.
The growing medical-devices market is attractive to many plastics companies, especially those tired of serving slow-paying customers in economically challenged sectors such as automotive, appliances and building/construction.
IPL Inc. /quotes/comstock/11t!ipi.a (CA:IPI.A 4.55, +0.05, +1.11%) , one of North America's leading manufacturers of plastic products, today announced results for the first quarter of its 2010 fiscal year ended December 31, 2009.
The Goodyear Tire & Rubber Company (NYSE: GT) has been selected as the exclusive developer of fuel-efficient military tires for the Fuel Efficient Ground Vehicle Demonstrator (FED) program, under a contract awarded to Ricardo, Inc., the U.S. subsidiary of Ricardo plc. The FED program, launched in late-2008 by the U.S. Army's Tank Automotive Research, Development and Engineering Center (TARDEC) in Warren, MI, has the overarching goals of enhancing military vehicle technology, reducing fuel consumption on the battlefield, and reducing the nation's dependence on oil.
China XD Plastics Company Ltd. ("China XD Plastics" or the "Company"), (Nasdaq: CXDC), the largest Chinese developer, manufacturer, and distributor of modified plastics primarily for use in automotive applications in China, today announced selected estimated unaudited financial results for the fourth quarter and fiscal year 2009.
As the plastics industry emerges from the recent financial crisis, presenters at the 13th Annual Dubai Plast Pro conference will focus on developments from the point of view of Middle East suppliers, convertors and end users with innovation in products and applications as the key driver. Dubai Plast Pro will be held March 21-24 at the Crowne Plaza Hotel, Dubai, UAE.
Sumitomo Chemical Company, Limited - Financial Analysis Review - Sumitomo Chemical Company, Limited (SCCL) engages in the manufacture and sale of inorganic and organic industrial chemicals, alumina products, optical materials, polymer alloys, thermo plastic elastomer (ESPOLEX), dyestuffs, polymer additives, IT-related chemicals products, agricultural insecticides and petrochemical products. The company offers its products in several broad categories such as Basic Chemicals, Petrochemicals and Plastics, Fine Chemicals, Information Technology (IT)-related Chemicals, Agricultural Chemicals, Pharmaceuticals, Power, Designing and Engineering of industrial chemical facilities, and several others.
JSW Plastics Machinery Inc. has opened a 6,000-square-foot technical center in Lake Zurich, as the Japanese injection press supplier moved from Elk Grove Village, Ill.
Maybe some costs have to be cut, but not in the design engineering department.
That's the view of Ben Harrison, CEO of a custom injection molder in Manitowoc, WI called Kaysun Corp. "We've had cost cutting, but we've really stayed true to our design engineering head count because that area is so critical to our business and our ability to attract new customers."
Chinese firms bought tyre rubber grades for more than $3 a kg ahead of the Lunar New Year and other companies stepped up purchases before the dry winter season curbs supplies, dealers said on Thursday.
In its latest move to shed noncore assets, SunocoInc. said yesterday that it was selling its chemical subsidiary to a Brazilian company for $350 million.
Genesis Plastics Welding, a leading contract manufacturer of radio frequency (RF) welded products, is gearing up for Medical Design & Manufacturing (MD&M) West, the medical device industry’s largest manufacturing and design show, February 11 to 13 in Anaheim, Calif. Genesis will be showcasing its proprietary ecoGenesis™ Plastics Welding Technology in the company’s booth, #2343. In addition to other benefits, the technology enables the elimination of polyvinylchloride (PVC) and polyurethane (PU) in plastic product and component manufacturing, the use of which pose increasing health and cost concerns, particularly within the medical sector.
Tire materials supplier Momentive Performance Materials USA Inc. has set up a tire research and development laboratory at the former headquarters in Charlotte of Continental Tire North America Inc. (CTNA).
Dow Chemical Co. will spend $8 million and add 15 jobs at an Ohio plant in order to increase production of specialty plastic films used in solar energy modules.
US chemical makers, other producers and energy leaders on Wednesday called for President Barack Obama to improve manufacturing conditions, open oil and gas resources and ease export restrictions in order to restore jobs.
The organizers of Plastimagen México 2010, one of Latin America’s largest plastics industry events, say exhibitor numbers, floor space and attendees at this year’s 16th edition will be similar to those of two years ago, the last time the show was held.
Cereplast, Inc. (OTCBB: CERP), a leading manufacturer of proprietary bio-based, sustainable plastics, announced today that it has appointed Bob Williams as East Coast Regional Director, Sales and Marketing. Adding to the company’s powerful sales team, Mr. Williams brings 30 years of plastics industry experience and a multi-billion dollar track record of growth with a top multinational plastics conglomerate.
Malaysia’s rubber products export is expected to hit RM11.1bil this year with the bulk contributed by rubber gloves, said Malaysian Rubber Export Promotion Council (MREPC) chief executive officer Datuk Teo Suat Cheng.
Americas, Inc. (BSAM) and Bridgestone de Costa Rica, S.A. (BSCR) in donating approximately ¥7 million (more than US$75,000) to assist with relief efforts following the January 12 earthquake in Haiti.
Cooper Tire & Rubber Company (NYSE: CTB) will announce its 4th-quarter/year-end 2009 financial results before the market opens on Tuesday, March 2. Company management will discuss the financial results in a conference call beginning at 11 a.m. Eastern Standard Time that same day.
Akron's legacy tire makers probably would have preferred that the U.S. Supreme Court loosened federal restrictions on corporate election campaign donations three or four decades sooner than it did.
Japanese injection press maker Mitsubishi Heavy Industries Plastic Technology Co. Ltd. will sell multicomponent Engel presses to customers in Japan, both companies announced Jan. 21.
Moore Recycling Associates has launched an expanded online directory for plastics scrap, designed to link buyers and sellers of processed and unprocessed plastic scrap.
In a nod to its products that help millions of motorists reach their destinations on a daily basis, The Goodyear Tire & Rubber Company today announced the three medal winners of the Goodyear 'Get there' Award, a recognition program designed to honor those most responsible for helping American athletes achieve their dream of competing on the world's greatest stage in Vancouver. The program highlights the often little-known stories of those people who work tirelessly behind the scenes to help America's athletes achieve their goals.
The world’s leading synthetic rubber company LANXESS has brought forward its plans to build a new butyl rubber facility in Singapore. The company will hold a groundbreaking ceremony in May, 2010, and production is expected to start in the first quarter of 2013. The 100,000 tons per annum plant on Jurong Island will require an investment of up to EUR 400 million (575 million USD).
Rubber exporters are expected to incur higher costs under a new regulation that requires all exporters to present original value-added invoices to customs departments in the country.
On January 8, 2010, the Venezuelan government announced the devaluation of its currency (the bolivar fuerte) and the establishment of a two-tier exchange structure.
By showcasing the attention to detail and work ethic expected from Ohio's Amish Country, SUPERB Industries at Sugarcreek is doing something rare among stateside manufactures: It's growing. SUPERB President John Miller credits its Bottom-Up Management System and utilization of high-speed, near-net-shape manufacturing technology for giving SUPERB the edge needed to compete and win contracts away from foreign-based manufacturers for the production of metal and plastic components and fully-assembled parts for the automotive, electronics, home appliance, hardware, security and other industries worldwide.
In a time when companies are cutting back, Pure Tech Plastics is investing, growing, and creating jobs in a green industry. Today Pure Tech announced a production line upgrade, an expanded Quality Assurance Lab, six new employees, and a move to 24/7 operations at its East Farmingdale, NY location. These changes mark more than $1.5 million dollar investment in the business and its customers.
Eastman Chemical Company (NYSE:EMN) announced that it has completed the acquisition of Tongxiang Xinglong Fine Chemical Co., Ltd., a cellulose-based specialty polymers manufacturing facility located near Shanghai, China. Terms of the transaction were not disclosed.
Wolfe Creek Mining, Inc.(OTCBB:WCRM), a company focused on becoming a mainstream plastic resin producer, leveraging proprietary, patented and patent pending processes in its manufacturing to recycle raw materials from automotive waste, helping at once to reduce landfill consumption, today announces the appointment of Jeff Chartier as its President.
Kraton Performance Polymers, Inc., a developer of engineered polymers and styrenic block copolymers, announced it has issued a statement to clarify its January 7 press release.
Shares of Goodyear Tire & Rubber Co. dropped Wednesday after an analyst said the tire maker's cash balance in Venezuela could drop in half after President Hugo Chavez announced a currency devaluation.
A plastics-recycling company in Liverpool has been fined £2,500 after a worker had four fingers cut off by a guillotine.
The Health and Safety Executive prosecuted Centriforce Products Ltd following the incident at the company's premises on Derby Road near the city's docks on 26 May 2008.
On April 16, 1965, Davidson Rubber Company of Dover, a subsidiary of the McCord Corporation of Detroit, Mich., announced its intention to build an 80,000-square-foot plant in Farmington, potentially employing 300 people. The site selected was an 80-acre parcel off Route 11 adjacent to a railroad spur.
Erie-based Plastikos Inc., a molder of electrical connectors, is one of four companies nationwide nominated for Plastic News Processor of the Year Award.
Cereplast, Inc. (OTCBB: CERP), a leading manufacturer of proprietary bio-based, sustainable plastics, announced today that it is taking steps to list its shares on a senior securities exchange.
Hexion Specialty Chemicals announced today that it will increase prices in North America for unsaturated polyester resin systems by six cents per pound, and for vinyl ester resin systems by nine cents per pound, effective February 1, 2010.
Increasing cost for oil, natural gas and the intermediates derived from them have driven significant increases in prices for our raw materials, particularly styrene, maleic anhydride and glycols. These changes along with the expectation for these elevated prices to last at least into the second quarter make the price adjustment a necessity, said Gerhard Bohme, Business Director North America, Composite Polymers.
Leading tyre companies have increased prices due to the sharp rise in the prices of natural rubber (NR) and scarcity of the commodity in the market. Apollo Tyres and JK Tyres have already raised their prices and other companies are expected to follow suit.
Thailand's Indorama Polymers PCL (IRP.TH) said Friday that its subsidiaries in the U.S. and Europe have been served with notice of a lawsuit filed by U.S.-based Eastman Chemical Co. (EMN).
Kraton Performance Polymers Inc. (KRA: News ) announced that the underwriters have exercised their option to purchase 887,082 additional shares of common stock from the company at the public offering price less the underwriting discount to cover over-allotments.
Shares of the nation's largest chemical company, Dow Chemical, jumped to a new high Wednesday as investors grabbed shares of a business many see as well-positioned to gain in an economic recovery.
HAWTHORNE, Calif. - (Business Wire) Cereplast, Inc. (OTCBB: CERP), a leading manufacturer of proprietary bio-based, sustainable plastics, announced today that it has extended its distribution agreement with A. Schulman, Inc. (Nasdaq-GS: SHLM) to include all of Europe. A. Schulman, Inc. is a leading international supplier of high-performance plastic compounds and resins used as raw materials in a variety of markets.
Landec Corporation (Nasdaq:LNDC), today reported results for the second quarter and first half of fiscal year 2010. For the second quarter of fiscal year 2010, revenues increased 5% to $60.9 million versus revenues of $58.0 million in the second quarter of fiscal year 2009. The Company reported net income for both the second quarter of fiscal years 2010 and 2009 of $1.5 million or $0.06 per diluted share.
In late December Cooper Tire & Rubber announced the appointment of Brenda S. Harmon to the position of senior vice president, Global Human Resources and Communications. In her new role, Harmon is leading all human resource and employee relations activities for the company.
To Chuck Chaffee, CEO of BRC Rubber & Plastics Inc., defining success in today’s difficult business environment really isn’t any different than during more robust times.
Sumitomo Rubber Industries has announced its intention to establish two joint venture companies in Thailand, together with Thai Eastern Group. One of these joint venture companies will centre on a natural rubber plantation, while the other on the setting up of a natural rubber processing plant.
The economic recession has cost the UK’s plastic products manufacturing industry an estimated GBP 1.3 bn (EUR 1.4 bn) in lost profits last year, according to new research from Plimsoll Publishing (Stockton / UK; www.plimsoll.co.uk). A profitability assessment of the top 1,000 companies shows that more than half are making less profit than a year ago with many having had to cut prices because of subdued demand and increased competition.
India's Apollo Tyres Ltd. and JK Tyre and Industries Ltd. will raise tire prices by January to offset a surge natural rubber price, which have climbed faster in the last few weeks.
Yokohama Rubber Co. Ltd. will participate in the Dubai International Motor Show 2009, which will run from Dec. 15-Dec. 20 in Dubai, United Arab Emirates.
Illinois Tool Works Inc. (ITW) expects no better than a modest recovery in its key end markets in 2010, with the bulk of the improvement occurring in the second half of the year.
Plastic products maker IPL Inc. (TSX:IPI.A) has begun a review of its strategic alternatives, a signal the company is considering putting itself up for sale or seeking a new financing partner to help the company grow.
Granger Plastics Company introduces anti-microbial technology to its already internationally renowned capabilities. This technology can be molded into nearly any of the diverse range of products already manufactured by Granger Plastics. It also shows Granger Plastic's commitment to innovation. The anti-microbial agents have been 3rd party tested by an internationally recognized leader in the anti-microbial and anti-fungal industry. This testing shows extremely positive results of the anti-microbial agents to greater than 99.9% effective in the reduction against a broad spectrum of bacteria and fungi. Bacteria and fungal control has become a rapidly growing concern in many industries as the recent spread
A Windsor-based auto parts company that has laid off hundreds of local workers — and recently reorganized as part of a court-approved deal with its major creditors — announced Wednesday it will open a new plant in Indiana.
Reducing manual handling and improving safety were the aims when Stanley Handling supplied ROBUR PV80 Microlifters to the Cooper Tire & Rubber Company's European HQ and manufacturing site in Wiltshire.
Houston based Injection molding company Blackwell Plastics grows their medical device portfolio with four new customers and five new products in 2009. "The Texas Medical Center invests nearly 2 billion in R&D every year. We are working hard to commercialize this technology in Houston.
Since the late 1970s, when plastic production outpaced steel, plastics have inspired designers of cheap, lightweight, easy-to-clean furniture and household goods. Plastics are substances formed under heat or pressure and can be organic (containing compounds of the element carbon) or synthetically produced in the laboratory.
A new plastics show is launching in Japan in 2010 targeting end users of plastics in segments such as automobiles, medical, packaging and solar batteries.
Evansville-headquartered Berry Plastics Corp. has completed its acquisition of Pliant Corp., a Schaumburg, Ill.-based global maker of plastic packaging used in the medical, food, personal care and agricultural industries, among others.
Air Products (NYSE:APD) today said it has completed the previously announced sale of the assets of its polyurethane pre-polymers business, marketed under the Airthane and Versathane tradenames to COIM USA Inc., a fully owned subsidiary of global polyurethane chemicals producer COIM SpA.
Many manufacturers at the Asian-Pacific International Plastics and Rubber Industry Exhibition, held Nov. 25-28 in Shanghai, seemed to be breathing a tentative sigh of relief.
When the Rodon Group needed to successfully obtain a project to manufacture over 400 million pieces per year, and match China's price, they knew the project would have to be highly automated. To make the project a little more challenging, the injection molded parts also need to be FDA compliant.
As lower business levels continue, injection molding machine maker Ferromatik Milacron (Malterdingen, Germany) has opened negotiations with its labor representatives and the labor union to find a solution that can bring the company through the current economic crisis.
Chemicals maker A. Schulman Inc (SHLM.O) will pay $191 million in cash and stock for ICO Inc (ICOC.O), a maker of specialty chemicals for textiles, plastic bags and other uses, the two companies said on Wednesday.
Sonoco Products Company, a manufacturer of of industrial and consumer packaging products and provider of packaging services, has acquired the injection molded plastics spools and reels assets of EconoReel Corp
Polymer Holdings LLC, the parent company of Kraton Polymers LLC, announced that it expects to price the initial public offering of 10.29 million shares of common stock to be between $16 and $18 per share.
North American plastics processors continue to face significant challenges as they attempt to recover from the recession, according to the most recent industry benchmarking study conducted by Plante & Moran, PLLC, the 12th largest CPA and business consulting firm in the United States.
During the presidential campaign of 2008, then-Sen. Barack Obama suggested that U.S. drivers could save as much energy through proper tire inflation and car maintenance as oil companies could gain by drilling for oil from new sources offshore.
Activity is picking up at the N.C. Research Campus.
A Charlotte-based polymer company has leased a 3,000-square-foot lab at the Research Campus in Kannapolis, and the U.S. Department of Agriculture today will award the campus $1.1 million to launch a program for graduate students.
ThermoFab president Tom King spoke on October 26 at the Synergy Resources VISUAL User Conference about remarkable improvements in lead time reduction, inventory reductions, manufacturing time reductions and on-time delivery improvements as a result of the implementation of VISUAL Manufacturing software and a comprehensive review of all internal processes.
Zeachem, which has devised a somewhat unusual technique for converting wood scraps and cellulosic material into fuel and other substances, has tinkered with the genome of its organisms to crank out a chemical that's a precursor to propylene, a major ingredient in packaging and plastics. The second bug will effectively give the company two product lines: ethanol (and ethanol precursors) that will get sold to the fuel market and chemicals for specific applications.
The Performance Polymers segment of Lanxess (Leverkusen / Germany; www.lanxess.com) saw EBITDA pre-exceptionals sink 40% year-on-year to EUR 76m in Q3. The setback is blamed partly on price declines not offset by lower raw materials costs. All four business units, including Semi-Crystalline Products (PA and PBT), were affected.
Manufacturing and Technology E-Journal - 11/17/2009
Struktol Company of America and Emerald Performance Materials, LLC, has announced a sales and distribution agreement for Emerald’s Good-Rite® line of antioxidant products for thermoplastics. Based on the agreement, Struktol becomes the primary sales distributor in the NAFTA region for the Emerald product line. The companies will also work together on new product development activities focusing on novel antioxidant chemistries and technologies.
Dozens of companies that produce plastic additives for food, beverage and cosmetic packaging have been fined more than €173m for their part in price fixing and market sharing cartels over a 13-year period.
Dana Holding Corporation (NYSE: DAN), BASF, and Ford Motor Company have earned the Society of Plastics Engineers (SPE) Automotive Innovation Award. The companies were recognized in the powertrain category for the development of a state-of-the-art thermoplastic oil pan for the all-new Ford F-Series Super Duty truck's 6.7-liter Powerstroke® diesel engine.
It looks like chemical companies are in full swing promoting numerous green projects and products. We recently posted news from Dow Chemical, Honeywell, Clariant, Eastman, Teijin, Arkema... and now here's from BASF.
Now that the company is committed to staying in town, Little Tikes may lead the way in a trend of returning jobs from overseas to the United States, according to its general manager.
Greif, Inc., (NYSE: GEF, GEF.B) has acquired privately held Hannells Industrier AB. With operations in Scandinavia, the company manufactures plastic drums, jerricans and pails; steel drums; and intermediate bulk containers for customers primarily in the chemical, petrochemical and paint industries.
Total operating revenues amounted to $289 million for the three months ended September 30, 2009, a decrease of $93 million, or 24%, compared to total operating revenues of $382 million for the three months ended September 30, 2008.For the nine months ended September 30, 2009, total operating revenues amounted to $717 million, a decrease of $277 million, or 28%, compared to total operating revenues of $994 million for the nine months ended September 30, 2008.
Dow Chemical Co (DOW.N) defended its high-priced acquisition of Rohm & Haas to investors on Thursday, saying the deal "revitalized" its portfolio and should help earnings grow in the next two years.
Specialty chemicals group LANXESS AG today announced it is moving the global headquarters for the Butyl Rubber business unit from Fribourg, Switzerland, to Singapore to better serve the growing demand in the Asia-Pacific.
Intertape Polymer Group Inc. (TSX: ITP)(NYSE: ITP) ("Intertape" or the "Company") announced today its intention to voluntarily delist its shares of common stock from the New York Stock Exchange (the "NYSE"). The Company's shares of common stock will continue to trade on the Toronto Stock Exchange (the "TSX"). The delisting of the Company's common shares from the NYSE will not affect the listing of the Company's shares of common stock on the TSX.
Mr. Veerasak Kositpaisal, President & CEO of PTT Chemical Plc., and Mr. Anuchit Boonthong, Chairman of SMC Corporation Limited, signed the Memorandum of Understanding to initiate a mutual co-operation on the development and support of Thailand's blow molding industry. The two companies intend to increase the strength and potential of Thai plastic manufacturers in terms of capability to better respond to current market needs and to successfully compete in the global market.
Beginning in 2010, TRFA will present one Excellence in Polymer Research Award to one student researcher to encourage and recognize advances in science and engineering of thermoset polymer industry as well as endow him/her with industry visibility. All entries will be in form of research papers submitted in traditional scientific journal format. Research topics should be related to Thermoset Polymer Science and Technology. Award-winning papers will be posted on TRFA's website.
DuPont has announced that Kevin Westgate of The Goodyear Tire & Rubber Company (NYSE: GT) in Akron, Ohio, is a recipient of a DuPont award that recognizes the commercialization of an impactful new technology.
The economic downturn has struck another area employer.
Solvay Advanced Polymers, on Ohio 7 south of Marietta, will permanently lay off as many as 23 employees by Nov. 17, according to plant manager Wally Kandel.
Klaus Kleinfeld, CEO of Alcoa Inc., looked at the audience of 200 at a daylong conference on sustainability issues and coolly informed them they should be drinking from aluminum cans instead of plastic bottles.
A group of Hong Kong companies, including some large plastic firms, want to see the region become a hot spot for manufacturing medical devices, and one of their leaders is suggesting stepped up efforts are needed to do that.
Cooper Tire & Rubber had a busy week at SEMA, revealing plans for a series of new tires for some of its associate lines and talking up its green tire success.
Myers Industries Inc. has completed the sale of its Buckhorn Rubber Products Inc. and Michigan Rubber Products Inc. businesses to a U.S. subsidiary of a Chinese company.
Cooper Tire & Rubber Co. /quotes/comstock/13*!ctb/quotes/nls/ctb (CTB 17.08, +0.68, +4.15%) said Monday that it swung to a third-quarter profit of $46.8 million, or 77 cents a share, from a year-ago loss of $55.4 million, or 94 cents a share. On average, analysts polled by FactSet Research were expecting a quarterly profit of 62 cents a share. The company said it incurred restructuring costs of $13 million, or 22 cents a share, related to the closure of its Albany, Ga., facility in the quarter. The Findlay, Ohio-based tire maker said its sales rose to $803 million from $794 million.
In Europe they commonly make commodity plastics from oil-based feedstock: petroleum naptha from the refinery. In the USA, however, plastic is mostly is made from natural gas as raw material. The chemical industry is not pleased with the current cap and trade provision being voted on in Congress. They anticipate C&T will drive utilities to burn more natural gas and less coal to generate power (a good thing by most people's reasoning), which means (per the chemical industry argument) higher operating costs, and ultimately customers getting plastic from European instead of US factories.
Contract manufacturer Nypro (Clinton, MA) has sold its Chihuahua, Mexico operation to New York based private equity fund Monomoy Capital Partners LP, which will roll the business into its Fortis Plastics LLC unit, a injection molding and extrusion business that formed in late 2008 through acquisitions from Leggett & Platt Inc. and Atlantis Plastics Inc. Fortis currently operates a resin compounder and eight regional molding facilities, including an operation in Ramos, Mexico.
German chemicals company BASF SE (BAS.XE) Thursday said third-quarter net profit fell 69% on lower sales of chemicals and plastics and restructuring charges related to the accelerated integration of Ciba.
The Goodyear Tire & Rubber Company (NYSE: GT) today announced that it plans to begin production of 63-inch, 12,000-pound off-the-road (OTR) tires in the fourth quarter of 2010.
Custom molder Venture Plastics (Newton Falls, OH) has added four injection molding machines and hired an additional production manager in response to “a significant amount of new business acquired during the second and third quarters of 2009,” according to Venture's President, Steve Trapp. The $600,000 investment over the last 90 days includes the addition of three new molding machines at its 45,000-ft2 facility in Newton Falls, with one press added at its 48,000-ft2 site in El Paso.
A. M. Castle & Co. (NYSE: CAS), a global distributor of specialty metal and plastic products, value-added services and supply chain solutions, today reported financial results for the third quarter ended September 30, 2009.
Finding answers can be a slow and frustrating process. Connecting with the right person is difficult and waiting by the phone or computer for answers to questions idles production, which burdens manufacturing companies with added costs.
BWAY Corporation, the principal operating subsidiary of BWAY Holding Company (NYSE: BWY), a leading North American supplier of general line rigid containers, today reported that it has completed the previously announced acquisition of the assets, and certain liabilities, of Ball Corporation's (NYSE: BLL) plastic packaging plant and business located outside of Atlanta in Newnan, GA. The facility (BWAY's "Atlanta plant") produces injection molded plastic pails and certain other products. The Company paid approximately $32.0 million for the acquisition, and funded the transaction using cash on hand.
Orlando could be in the running to attract an expo that's almost as large as the city's largest convention, the International Builders' Show.
NPE, a plastics industry trade show, is reportedly considering moving from its longtime location at Chicago's McCormick Place to Orlando, the Chicago Tribune reported.
DuPont Engineering Polymers announced global price increases for its standard grades of DuPont™ Zytel® nylon, DuPont™ Minlon® mineral reinforced nylon and DuPont™ Zytel® HTN high-performance polyamide.
Beliefs learned in his younger years inform the business methods of Axel Heitmann, boss of Lanxess, which this year won the ICIS Company of the Year awarda
Eastman Chemical Company (NYSE:EMN) today announced earnings per diluted share of $1.38 for third quarter 2009 versus $1.33 for third quarter 2008. Earnings per diluted share for third quarter 2009 were reduced $0.16 per share by the reversal of a previously recognized investment tax credit for the company`s Beaumont, Texas, industrial gasification project as discussed below.
Sabic Innovative Plastics LP President and CEO Charlie Crew stopped off at the company’s German office this month with members of his executive team to provide a briefing on the market and Sabic IP’s worldwide activities. European Plastics News Editor David Vink summarizes Crew’s observations, as well as the company’s investment and product development programs presented.
Sonoco (NYSE: SON), one of the largest diversified global packaging companies, today reported third quarter 2009 earnings of $.47 per diluted share, compared with $.57 per diluted share reported in the third quarter of 2008. Results in the current year's quarter were impacted by higher pension expense and lower Companywide volumes, particularly in businesses serving recession-impacted industrial markets.
Goodyear Tire Co. said Thursday that it will close its plant in Spartanburg, S.C., by year-end and shift work to the Goodyear Dunlop plant in the Town of Tonawanda and a facility in Georgia.
Goodyear Racing and the National Dirt Racing Association have entered into a multi-year agreement keeping Goodyear as the exclusive tire provider for the sanctioning body’s Late Model Series.
Air Products (NYSE: APD) today signed an agreement to sell its polyurethane pre-polymers business, marketed under the Airthane® and Versathane® tradenames, to COIM USA Inc., a fully owned subsidiary of global polyurethane chemicals producer COIM SpA. Also included in the deal is Air Products' manufacturing facility in Paulsboro, N.J. Terms of the deal are not being disclosed.
Polymer Group, Inc. (OTC Bulletin Board: POLGA; POLGB) (PGI) today announced that Robert Kocourek, chief financial officer (CFO), will resign from PGI to pursue other interests. Mr. Kocourek will continue as PGI's CFO until the company files its Form 10-Q for the period ended October 3, 2009.
There was not much activity in the wholesale plastic market today as most of the polymer prices moved in a narrow range in scattered deals and settled around previous levels.
The market for raw rubber in Sabah should be opened to include private sector participation for Sabah's smallholders to enjoy competitive prices, similar to their counterparts in Sarawak and the Peninsular.
Milliken & Company, through a subsidiary, today announced the acquisition of the assets of Rebus, Inc., a leading North American provider of pigment and additive dispersions for the thermoset plastics and high-performance industrial coatings markets.
iPlastic is pleased to announce the launch of the iPlastic Exchange, a forum for semi-finished plastic shapes manufacturers, distributors and processors to market their excess or slow moving inventory.
Rexam plc is closing another plastics packaging factory — this time one in Holden, Mass., a former Precise Technology Inc. plant which once gained fame as a single-customer operation that molded packaging trays for new Gillette razors.
The Goodyear Tire & Rubber Company (NYSE: GT) will report third quarter 2009 financial results before markets open on Wednesday, October 28, to be followed by an investor conference call at 10 a.m.
PolyOne Corporation (NYSE: POL), a leading global provider of specialized polymer materials, services and solutions, today announced that it has sold its 50 percent equity interest in Geon Polimeros Andinos (GPA), a vinyl compounding joint venture located in Cartagena, Colombia.
West Virginia's plastics industry contributed $2.2 billion to the state's economy and employed about 8,000 workers last year, according to a study released Wednesday.
Husky Injection Molding Systems has opened a new facility in Moscow to provide local support in PET mold and hot runner refurbishing for customers in central and eastern Europe.
Cereplast, Inc. (OTCBB:CERP), a leading manufacturer of proprietary bio-based, sustainable plastics, is providing the following business development update for Q2 and Q3 2009.
Pep Boys – Manny, Moe & Jack has agreed to buy the assets and assume the property leases of Florida Tire, a predominantly Goodyear dealer with 10 outlets in central Florida, for $4.35 million.
Goodyear announced farmer Richard Ledger as the winner of the Goodyear Farming Innovation Award 2009 at the British Ploughing Championships on 10 October.
Former workers at SABIC-Innovative Plastics in Mount Vernon, Ind., are eligible for assistance and job training under a federal program for those whose jobs have been affected by foreign trade.
Imports of plastic processing machinery by companies in Mexico in the first half of 2009 fell 15.1 percent compared to the same period in 2008, according to the national plastic industries association.
Polymer Holdings LLC on Thursday filed to raise up to $230 million in an initial public offering with underwriters Credit Suisse and BofA Merrill Lynch.
A team of specialists at Queen's University Belfast is pioneering a technique to use banana plantation waste from the Canary Islands in the manufacture of rotationally molded plastic products.
A four year labor contract achieves Goodyear’s (NYSE:GT) objectives. The Goodyear Tire & Rubber Company (NYSE:GT)recently said that the four-year master labor contract ratified by members of the United Steelworkers union achieves the company's objectives and will help it to realize profitable growth by producing tires in North America.
The Goodyear Tire & Rubber Company (NYSE: GT) today announced the appointment of John "Jack" D. Fish as senior vice president of global operations. Fish replaces Christopher W. Clark, senior vice president of global sourcing, who in June announced his intention to retire after 36 years with Goodyear.
Rexam (OTC: REXMY) to close two US plastics plants in North Carolina and Florida. These closures will cut about 285 jobs. The factory located in North Carolina makes custom packaging for food and beverage applications, and injection and compression moulded closures. Rexam will move the equipment to other US plants to adjust overall production capacity.
Cytec Industries Inc. (NYSE: CYT) will host their conference call on October 16, 2009 at 11:00 a.m. (EDT) to discuss their third quarter financial results. An earnings release will be issued the day prior to the conference call after the close of market.
China XD Plastics Company Ltd. ("China XD Plastics" or the "Company"), (OTC Bulletin Board: CXDC), the largest Chinese manufacturer in the development, manufacture, and distribution of modified plastics primarily for use in the automotive applications in China, today announced that Company's management team will present at the upcoming Maxim Group Growth Conference in New York City.
The last year wrecked havoc on South China’s export-oriented injection molding and mold making sector. But the industry believes it may have seen the bottom and is cautiously eyeing recent signs of a slight upturn.
China’s rotational molding industry says it is looking for foreign investment, to boost its technology and tap unmet domestic demand the small firms in the sector have trouble meeting.
Although its corporate headquarters sits in a nondescript industrial area of Calumet City, Plastics Color Corp. is a company with a global footprint.
The company combines color, which it formulates to its customer's needs, with clear plastic resins to create a raw material which the customer uses in products that span all facets of the plastic industry -- from tubes to toys, syringes to shavers.
Next week, the U.S. government will slap a tariff on tires from China, so Kevin Hanagan is urging his customers to buy them now. Hanagan runs a car repair and tire service in Gaithersburg, Md.
At the moment, he's on the phone with someone looking for trailer tires. Hanagan has some for $86 apiece, but he tells the customer to hurry.
"You may want to buy them today because our wonderful president imposed a 35% tariff on these Chinese tires," says Hanagan. "So they will be going up."
Cereplast, Inc. (OTC BB: CERP), developer of proprietary bio-based sustainable plastics, today announced the launch of a breakthrough bio-based foamable resin to compete with Styrofoam® and other foamable petroleum-based resins. Cereplast Compostable 5001® will complement Cereplast's existing line of Compostables®, expanding market applications for Cereplast resins. Cereplast Compostables 5001® is designed to meet the needs of all converters, manufactures and brand owners interested in substituting polystyrene foam with an environmentally sustainable plastic.
"The ‘Google’ of Rubber" – that’s how General Manager John M. Bonforte Sr. describes Monmouth Rubber and Plastics Corp.’s new technical assistance program, "Ask John."
Saturday, September 12, LANXESS AG, one of the world's leading suppliers of high-performance rubber, celebrated the invention of synthetic rubber by chemist Fritz Hofmann exactly 100 years ago by staging a scientific colloquium with high-ranking speakers in Cologne. Over 400 guests from 18 nations attended the event, which was held in the Gürzenich Banqueting Hall, to learn more about the latest innovations, the future possibilities and the market potential of this versatile material.
The state will release $2.6 million in grants to three organizations, including one in Central Ohio, through its Thomas Edison Program.
The state Controlling Board this week approved handing out the grants, aimed at spurring high-tech development in Ohio. Westerville-based PolymerOhio Inc. clinched a $650,000 grant as a designated Edison Technology Center, an arm of the larger state program that helps companies in the market entry phase of product commercialization.
Ukrainian plastics production failed to show any recovery in output in H109 with the industry facing a domestic economic crisis and a collapse in export markets, as per a report by companies and markets.
Cooper Tire & Rubber Company (NYSE:CTB) jumped up $1.52 or 10.43% to $16.09 on an unusual volume of 715K shares . In an S-3, Cooper Tire filed to sell up to 1,527,778 shares of stock on behalf of the Cooper Tire & Rubber Company Spectrum Retirement Plan, which is referred to as the pension plan.
Hot runner maker Mold–Masters Ltd. and Abba Systems Ltd., a precision machining company, have joined forces to sell PET preform molds, they announced at the Drinktec trade show in Munich.
PolyOne Corporation (NYSE: POL) today announced it has received the Frost & Sullivan 2009 North American Plastics in Medical Tubing & Catheters Product Line Strategy of the Year Award. The award highlights PolyOne's continuous innovations that provide sustainable solutions for the medical industry.
A plastics company has been bought out of administration by some of its management with support from private equity backers, saving the jobs of 64 North East workers.
UBIFRANCE, the French Agency for international business development, will showcase 25 French companies on the French Pavilion at Fakuma, the international trade fair for plastics processing, to be held in Friedrichshafen (Germany) from 13 to 17 October 2009.
Dozens of business leaders from around the globe gathered at The Goodyear Tire & Rubber Company's (NYSE: GT) world headquarters recently to learn the latest in global demand trends in the automotive and tire industries and how these trends will challenge the tire maker's research and development organization.
In 1984 in a rented building in downtown, Jim Davis, Dwight Souther and Mark Souther began a business that was relatively new in Dalton at the time. With one extruding machine, Star Molded Plastics began making plastic parts. In 1987, Dwight Souther became sole owner and moved the business to the Dawnville community. He began expanding by adding more extruders. In 1995, the company acquired injection molding machines. Shortly thereafter, tubing was added.
Even executive compensation couldn’t escape the wrath of the corporate sickle in 2009.
Both across the business world and in the plastics industry, many companies moved quickly to cut or freeze wages, eliminate discretionary bonuses, and change executive compensation formulas and measures for 2009 in an effort to conserve cash and make more compensation hinge on performance.
For the first time in their long histories, Michelin and Harley-Davidson have joined forces to develop the all-new Michelin Scorcher “31” tire, which carries both companies’ trademarks on its sidewalls and the signature Harley-Davidson logo carved into the shoulder.
Bridgestone Corp. regained the No. 1 spot last year in Tire Business’ annual ranking of the world’s tire makers, despite reporting lower tire division sales in its yen-denominated accounts.
It is a war of the Titans. Reliance Industries and Indian Oil Corporation are all set to lock horns over India's 5 million tonne polymers market where Reliance is currently an undisputed leader.
It may be a tough year for the local plastic products manufacturing industry, with annual sales expected to drop 12% from a record RM16.24bil achieved in 2008.
However, a number of listed plastic product makers are on track for their best-ever year in terms of profits, as they reaped the benefit of product innovations and lower production costs.
Saudi Aramco may award two contracts this month to help implement gas projects worth up to $6.9 billion to meet soaring demand for gas in the Middle East’s largest economy, people familiar with the plans said.
The plastics machinery and metalworking fluids businesses of Milacron Inc. have new owners, a new top executive, a stronger balance sheet — and new life after nearly six months in Chapter 11 bankruptcy, company officials said.
Technology advancements are creating new engineering opportunities for elastomers, offering designers and manufacturers new options for developing green products.
A key deadline in a fierce trade spat over Chinese tires falls Wednesday and the opposing sides are pumping plenty of air — just guess the temperature — into the public debate.
Chemical company Huntsman Inc. has offered to pay about $415 million for Tronox Inc.'s titanium dioxide and electrolytics businesses in a deal that would make Huntsman the world's second-biggest maker of a whitener used in products as diverse as food, plastics and paint.
The RightThing, the leader in recruitment process outsourcing (RPO), today announced that it has been selected by The Goodyear Tire & Rubber Company, one of the world's largest tire companies, to provide recruiting and hiring support for its North American employee base.
Quantum Polymers today announced new sales representation for the U.S. and Canada and a new marketing focus for its successful line of plastic stock shape products, machined parts and design engineering services.
In celebration of Goodyear’s 111th anniversary, the company is recognizing its most significant moments in history with a compilation of “Goodyear’s top 111 innovations, inspirations and historic firsts.”
China XD Plastics Company Ltd. ("China XD Plastics" or the "Company"), (OTC Bulletin Board: CXDC), is engaged in the development, manufacture, and distribution of modified plastics primarily for use in automotive applications in China, today announced that the Company's management team will attend the upcoming Rodman & Renshaw Annual Global Investment Conference and the Susquehanna International Group of Companies ("SIG") 3rd Annual Beijing Management Summit.
Rubber producer, Sperry & Rice Manufacturing Co. LLC, announced today it is expanding its operations here, creating up to 20 new jobs and providing advanced training opportunities for existing employees.
Scientists in Indiana have described what they believe to be a simple and effective state-of-the-art oil stain remover. They have developed a new coating for glass, plastics, and a range of other materials that would enable consumers to wipe away oils with plain water.
Effective September 1st, 2009, or as contracts allow, BASF will increase prices in Europe, Africa and Western Asia for styrene-acrylic and straight-acrylic dispersions by €70-90 per metric ton, for styrene-butadiene dispersions by €120-150 per metric ton and for polymer powders by €150 per metric ton. The price adjustment is necessary due to increased raw material cost.
The outlook for the local plastics industry is improving in the second half of this year, thanks to demand for plastic packaging in the food and electronics industries, according to the Petroleum Institute of Thailand (PTIT).
Novomer Inc., has added $14 million to a total of nearly $21 million in investments to accelerate growth as the company prepares for broad commercialization of its products, company officials said.
Rising petrochemical feedstock costs combined with a number of major production plant outages and stronger than expected resin demand have conspired to send prices of commodity polymers upwards during the summer.
Milacron LLC announced today that it has completed its previously announced purchase of substantially all of the businesses and assets of Milacron Inc. The new company is owned by a group of investors led by Avenue Capital Group and DDJ Capital Management LLC. The completion of this purchase enables the Milacron businesses to emerge from Chapter 11 bankruptcy and puts them in a stronger competitive position than at any time in the past decade.
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Masdar and BASF today announced a strategic partnership agreement for collaboration on the construction of Masdar City, the world’s first carbon-neutral and zero-waste city. BASF is named as a “preferred supplier” of construction materials and system solutions for the city’s construction. The chemical company will also open an office in Masdar City once it is completed.
DuPont (NYSE: DD) said it will invest more than $120 million in a production expansion for its Tedlar polyvinyl fluoride product line, which is used to provide weather resistance and durability in photovoltaic cell installations.
Materials supplier Diamond Polymers Inc. has licensed a specialty styrenic resin from Ineos Group, and has made other changes to boost the firm’s performance as well.
Automatic Plastics, one of the UK and Ireland’s largest injection plastic moulding suppliers have launched their new website. The website was required to meet customer’s needs worldwide for immediate information.
DuPont Engineering Polymers (EP, Wilmington, Delaware / USA; www.dupont.com) has named PolyOne Distribution, part of PolyOne Corp (Cleveland, Ohio / USA; www.polyone.com), as its primary distributor of thermoplastic products in North America. Ashland Distribution, a subsidiary of Ashland Inc (Covington, Kentucky / USA; www.ashland.com), will no longer supply DuPont EP thermoplastic products in the region following a 90-day transition period.
Cooper Tire & Rubber Co. will inject $39 million into its pension plan in an agreement with the Pension Benefit Guaranty Corp. that was announced Wednesday, August 12.
Chemical Market Associates, Inc. (CMAI) will host its second annual Plastics Processors Conference & Polyolefins Industry Workshopon November 11-12, 2009 at the Intercontinental Hotel in Dusseldorf, Germany. Due to great success in its first year, the conference will once again feature CMAI's industry experts who will discuss current issues impacting the global plastics and polymers industry, along with CMAI's forward market analysis.
The drop in global chemicals demand will not slow a specialty elastomer plant in Thailand planned by a joint venture of Dow Chemical Co. and Siam Cement Group, the two companies said Aug. 10.
IPL Inc. (TSX:IPI.A), one of North America's leading manufacturers of plastic products, announced its results today for the third quarter of its 2009 fiscal year ended July 2, 2009.
China XD Plastics Company Ltd. ("China XD Plastics" or the "Company"), (OTC Bulletin Board: CXDC), as the largest Chinese manufacturer engaged in the development, manufacture, and distribution of modified plastics primarily for use in automotive applications, today reported financial results for the second quarter of 2009.
The wholesale plastic market ended on a flat note today as most of the polymers fluctuated in a narrow range on subdued demand from consuming units and settled around previous levels.
Research and Markets (http://www.researchandmarkets.com/research/997f45/polystyrene_foam_p) has announced the addition of Supplier Relations US, LLC's new report "Polystyrene Foam Product Manufacturing Industry in the U.S. and its International Trade [Q2 2009 Edition]" to their offering.
Global chemical giant BASF SE is delaying the construction of an MDI (methylene diphenyl diisocyanate) plant in Chongqing, China, and has not yet received the final go-ahead from Chinese authorities.
Chemical Market Associates, Inc. (CMAI): CMAI's Chemical Company Analysis (CCA) on NOVA Chemicals & Other IPIC petrochemical holdings, including Borealis, OMV, and CEPSA, is now available.
Top Japanese tyre maker Bridgestone tumbled to an operating loss in the second quarter, hit by the economic slump and a stronger yen, but raised its full-year outlook again after a surprise upgrade in June.
Compounding and distribution firms PolyOne Corp. and A. Schulman Inc. each recently reported quarterly profits after posting losses in the previous quarter.
Cooper Tire & Rubber Company (NYSE: CTB) today announced a quarterly dividend of 10.5 cents per share on common stock, payable Sept. 30, 2009, to stockholders of record at the close of business Sept. 2, 2009. This will mark the 150th( )consecutive quarterly dividend paid by Cooper Tire & Rubber Company.
Detrex Corporation (Pink Sheets: DTRX), a diversified manufacturer of PVC and CPVC pipe, duct and shapes and specialty chemicals including lubricant additives and high purity hydrochloric acid, today announced results for the second quarter of 2009.
Kraton Polymers LLC (Kraton), a leading global producer of engineered polymers, announces that it has scheduled a conference call on Wednesday, August 12, 2009 from 9:00-10:00 a.m. Central Time (10:00-11:00 a.m. Eastern Time) to discuss second quarter 2009 financial results. These results are expected to be released on Tuesday, August 11 and will be available thereafter on Kraton's website, http://www.Kraton.com.
