Polymers and petrochemicals group Ineos is considering a relocation of its headquarters and tax residence from the UK to Switzerland. It said potential cash tax savings would be €450m between now and 2014 if it went ahead with the move, which would need the consent of its lenders.
Engel and Mitsubishi Heavy Industries Plastic Technology Co., Ldt. (MHI-PT) have made a cooperation agreement concerning the marketing of large-scale Engel multi-component injection moulding machines for Japanese customers. The purpose is to distribute Engel duo combi-machines with clamping forces 1.000 tons and lower in Japan jointly under the brand name Mitsubishi-Engel.
German Engineering Federation (VDMA: Domestic plastics and rubber machinery sales fall less sharply than forecast but the market situation is still uncertain.
- Coca-Cola does it, Frito-lay does it and so too do Samsung and Hyundai. This is how Andy Sweetman, Chairman of the European Bioplastics’ Board summarises the fact that an increasing number of renowned brand owners are turning to bioplastics to enhance their products image.
A. Schulman reports improved fiscal 2010 first-quarter results.
Russia: good long-term prospects inspire confidence in plastics and rubber market.
BASF has developed a fully biodegradable packaging system for its Interceptor insecticide-treated mosquito nets.
Motan, Colortronic and Colortronic Systems join forces and combine their sales organizations.
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.
