Borealis, a leading provider of chemical and innovative plastics solutions has inaugurated its international Innovation Headquarters in Linz, Austria. This event is the culmination of approximately one and a half years of construction and a total investment volume of EUR 50 million.
Key business and technology issues facing the polyethylene and polypropylene supply chains got a good airing at the PEPP 2009 global congress on polyolefins organized by Maack Business Services in Zurich in October.
The European Commission is fining a number of plastics additives producers, including Ciba, Elf Aquitaine and Baerlocher, €173.9m for price fixing and market sharing cartels.
Borealis announces changes in its distribution partnerships for automotive materials.
Germany-based Evonik Industries has finalized the sale of the AlzChem Group to the Luxembourg-based private equity fund bluO. The deal was closed on October 27, 2009, after it was approved by the boards and the relevant antitrust authorities. Less debts, the cash sale price amounts to €78.5 million.
Plastics and rubber machinery manufacturers in Europe: hopes for Recovery in 2010 after a Serious Fall in 2009.
Canadian hot runner specialist Mold-Masters has acquired UK-based PMS Systems, a supplier of hot- runner temperature controls.
Pregis Protective Packaging Europe has confirmed its market leadership in Poland and throughout Eastern Europe with the introduction of coextruded bubble wrap technology with air retention barrier, following major investment in its new factory in Gliwice in Poland.
LyondellBasell Industries announced that it will close the low density polyethylene (LDPE) plant located at its Carrington, UK, site by the end of this year.
Plastech publishes an interview with Manfred Geiss, Managing Director of Geiss AG. The Geiss company offers worldwide equipment for thermoforming and processing of plastics from one single source and is one of the leaders in the thermoforming market.
The ongoing recession continues to hit the industry heavily. Despite this, Engel again succeeded in expanding its market share considerably in the past financial year. On top of this, due to an extremely positive first sixth months in 2008/09, a turnover of some 591 million Euros was achieved. Targeted measures, geared to facilitate investments by customers, will continue to reinforce Engel's position on the market.
With immediate effect, Bayer MaterialScience has lifted force majeure for the polyurethane raw material toluene diisocyanate (TDI) in the Europe, Middle East, Africa (EMEA) region.
