BASF has had a powerful start to 2011. Capacity utilization rates in the company’s plants were good; in particular, demand in the chemicals business (Chemicals, Plastics, Performance Products, Functional Solutions) increased compared with the same quarter of the previous year. Sales grew by 25% to €19.4 billion.
AMI’s 3rd annual international conference on PVC compounding was held in Dusseldorf, Germany to debate the latest innovations in vinyl additives and recipes.
Chemical giant Bayer says overall net profit grew 8.4% to €684m during the first quarter, with sales of plastics and polyurethanes on the up.
The German plastics processing sector rebounded in 2010 with 14 percent sales growth, reaching to 51.3 billion euros ($74.3 billion).
FINAT, the European association for the self-adhesive label industry reports that demand for self-adhesive label materials in Europe has continued its strong recovery in 2010.
Krones, the world’s market leader for beverage filling and packaging technology, has, according to the provisional figures, finished the 2010 business year within the bandwidth of its best-case prognosis.
With a turnover of €1,700 million in 2010, approximately €1,250 million came from overseas sales. These figures should be sufficient to explain the vital role played by exports for the Italian manufacturers of printing and converting machines.
Based on preliminary, unaudited numbers, Brenntag, world market leader in chemical distribution, will conclude the financial year 2010 with record results.
Borealis achieved significant net profit growth in 2010 with EUR 333 million compared to EUR 38 million in 2009, return to pre-crisis levels.
According to BASF, 2010 was a record year for the company with sales of €63.9bn – up 26% year-on-year.
China has developed into a global super power with giant strides. According to estimates of the German professional association VDMA Chinese machinery manufacturers took the lead for the first time in 2009.
Size reduction technology specialist Pallmann Group reports very strong growth for 2010.