Huhtamaki may sell rigid plastic unit
Huhtamaki Oyj intends to focus on packaging operations where it has a competitive advantage, good market positions and which create value for Huhtamaki and its customers.
Market
News Plastech
Agreement between Borealis and MCC
Borealis and MCC agree to improve PP compound supply for the automotive industry.
Moretto sets up Deutschland GmbH with Kraft
Effective as of 1 July 2008 Moretto Deutschland GmbH was established as a distribution and service organisation in Neunkirchen am Sand (near Nuremberg, Germany).
Interview with Andy Verheijden, Piotr Kwiecień and Boy Litjens from SABIC
SABIC is the Saudi Basic Industries Corporation, one of the world`s leading manufacturers of chemicals, fertilizers, plastics and metals. The company supplies these materials to other companies, who use them to make the products on which the world has come to depend. SABIC Innovative Plastics, launched in 2007, is a leading, global supplier of engineering thermoplastics with a 75-year history of breakthrough solutions that solve its customers` most pressing challenges. We publish the interview with Andy Verheijden (Growth Leader for Eastern Europe at SABIC Innovative Plastics, formerly GE Plastics), Piotr Kwiecień (Office Captain of SABIC Poland), and Boy Litjens (Chief Executive Officer and Chairman of the Managing Board of SABIC Europe).
PKN Orlen begins construction of the PTA Plant
In Wloclawek (Poland) the Presidents of PKN Orlen, Polimex-Mostostal and the City of Wloclawek together with representatives of Mitsubishi Chemical officially commenced the construction of a purified terephthalic acid plant (PTA). The installation, with an annual production capacity of 600,000 tonnes, will be operating on the premises of PKN Orlen adjacent to Anwil Wloclawek.
BASF confirms outlook for 2008 and presents longterm financial goal
At an analyst conference held in London, BASF has confirmed its outlook for 2008 despite signs of weakening growth in the chemical industry. For the current year, the company has revised its expectations for growth in global chemical production from 2.8 percent to 2.4 percent. For 2008, BASF is now assuming an average oil price (Brent) of $120 per barrel and an average exchange rate of $1.55 per euro.
Record year for Engel Deutschland
With 150 million Euro, the three Engel Deutschland sites have booked their highest turnover of all ages. This actually means an increase of 70% over a period of five years.
BASF outpaces market growth in Eastern Europe
BASF`s Crop Protection division continues to grow rapidly in the expanding markets of Central and South Eastern Europe. Over the past few years, the company has launched numerous proprietary products in the region. In 2008, seven innovative products for all crop segments will be introduced.
Erema's turnover climbs beyond 100 million euro mark
Erema, the Austrian manufacturer of plastic recycling systems, ended its 2007/2008 fiscal year on 31 March this year, once again with record turnover figures. The figure for consolidated turnover achieved by the Erema Group, comprising Erema Engineering Recycling Maschinen und Anlagen Ges.m.b.H., Ansfelden with its subsidiaries Erema North America Inc., located in Ipswich/MA, and 3S-GmbH in Roitham, reached EUR 102.4 million for the period from 1 April 2007 to 31 March 2008.
SABIC reported strong growth
Saudi Basic Industries Corp. (SABIC) made a net profit of SR27 billion in 2007, an increase of 33 percent from 2006. Full-year earnings per share were SR10.81 versus SR8.12 by the end of 2006, it said in a statement.
Biesterfeld`s most successful year in the company history
The Biesterfeld Group looks back on the most successful year in its more than 100 years company history. In 2007 the Biesterfeld Group achieved an increase in turnover over last year of 21.2 % to ? 836.5 million. The operational result (EBITDA) even increased by 28.5 % compared with the previous year to ? 34.6 million.
Gerresheimer starts the year successfully in 2008
Gerresheimer AG has started the financial year 2008 with an outstanding first quarter. Sales grew by 18.2% compared with the prior year period to ?239.1m (2007: ?202.3m).
