In 2011 La Seda de Barcelona (LSB) completed its financial and operational restructuring process successfully. After refinancing its debt with the banks and redefining its core business by focusing on the Plastic Packaging sector, LSB is now facing a growth strategy for 2012 to allow its consolidation as one of the European leaders in this field.
LyondellBasell today announced that Samsung Total Petrochemicals Co. Ltd., a joint venture of Samsung Group and Total S.A, has selected the Lupotech T process technology from LyondellBasell for its new 200 KT per-year low density polyethylene (LDPE) and ethyl vinyl acetate (EVA) copolymer plant in Daesan, South Korea. Start-up is projected for 2013.
New distribution locations in Bielefeld and Wiwersheim near Strasbourg are strengthening corporate networks.
Bayer MaterialScience can begin construction in Dormagen of a new world-scale plant for a key plastics precursor.
BASF significantly surpassed the record levels of 2010 in sales and earnings, and thus again earned a high premium on its cost of capital in 2011.
Borealis, a leading provider of chemical and innovative plastics solutions, recorded a net profit of EUR 507 million in 2011, compared to EUR 333 million in 2010.
Solvay and Wienerberger announced that they have signed a binding agreement for the sale of Solvay’s 50% stake in Pipelife, one of the world's leading suppliers of plastic pipe systems, to Wienerberger.
DSM Engineering Plastics makes a strategic move to quicker anticipate customer needs around the globe.
Sumitomo Chemical announced that it held a groundbreaking ceremony and a celebration reception for the new solution styrene-butadiene rubber (S-SBR) manufacturing plant to be constructed in Singapore by its group company Sumitomo Chemical Asia PTE LTD.
The flexible packaging market in Europe is valued at around 20 billion Euros by Andrew Reynolds, the Research Director at Applied Market Information.
Russia offers excellent opportunities for the plastic industry and considerable potential for growth.
Coperion GmbH, Stuttgart, has acquired a majority stake in PELL-TEC Pelletizing Technology GmbH, Niedernberg, Germany.
