Husky to acquire leading closure mold maker KTW
Husky Injection Molding Systems today announced its intention to acquire KTW of Waidhofen, Austria, recognized as a global leader in closure mold making.
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Global demand rising for plastic closures
In spite of the economic slowdown, global beverage closure demand has continued to grow, according to a report from UK beverage research company Canadean.
Borealis and Borouge team up with Teamobility AG to create new horizons in electric vehicle development
Borealis, a leading provider of chemical and innovative plastics solutions, and its joint-venture in the Middle East and Asia, Borouge, confirmed at K 2010 their plans to be key players in the development of a new generation of lightweight electric vehicles.
LyondellBasell starts up new Hostalen ACP HDPE plant in Germany
LyondellBasell has successfully started up a new 320 KT per year Hostalen Advanced Cascade Process (ACP) high density polyethylene (HDPE) plant at Münchsmünster, Germany.
BASF will invest in a dispersions plant in Huizhou, China.
With an annual capacity of 100,000 tons, the new plant will produce XSB dispersions for the paper industry and acrylic dispersions for industries such as coatings, construction, printing & packaging and adhesives.
OxyClear barrier resin obtained regulatory clearance for USA and Europe
Monolayer barrier blend providing oxygen ingress barrier to PET containers
Distribution agreement between DSM and Resinex
DSM Engineering Plastics and Resinex sign distribution agreement to strengthen presence in Eastern European market.
DSM inaugurates new production facility for Stanyl Fortii
Royal DSM the global Life Sciences and Materials Sciences company headquartered in the Netherlands, has today inaugurated its new Stanyl ForTii Production Unit.
Kurt Bock is new BASF chairman
Kurt Bock appointed new chairman of BASF’s Board of Executive Directors.
Demand for German plastics and rubber machinery recovers
The outlook for plastics and rubber machinery has improved further. The final quarter of 2009 closed with orders for German machinery up by a nominal 35 per cent. October 2009 saw a resumption of demand growth for the first time since early 2008. This trend continued in the two months that followed.
Ineos wants to leave UK due to taxes
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.
Economical downturn not so strong as expected
German Engineering Federation (VDMA: Domestic plastics and rubber machinery sales fall less sharply than forecast but the market situation is still uncertain.
