Borouge, a joint-venture between the Abu Dhabi National Oil Company, one of the world’s major oil companies, and Borealis, a leading provider of chemical and innovative plastics solution, is expanding its marketing, sales and innovation capabilities in Guangzhou and Shanghai, China.
- The slowdown in 2009 which Europe’s plastics and rubber equipment manufacturers had predicted turned out to be a deep slump and hit the branch much more than it expected one year ago - said Bernhard Merki, President of Euromap, Europe’s association for plastics and rubber machinery manufacturers.
In letters sent out to its European clients, Sabic Innovative Plastics (Bergen op Zoom / The Netherlands) announced several price increases for its technical thermoplastics, effective 11 January 2010.
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.
