Plastics News Europe

Plastics News Europe
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Plastics News Europe

 •  December 11

German materials supplier Covestro AG is investing €200m in its manufacturing site in Tarragona, Spain, to continue production of diphenylmethane diisocyanate (MDI) beyond 2020. Part of the investment will go towards the company's setting up its own chlorine supply, “a crucial raw material” in the production of MDI, to increase the cost...

Plastics News Europe

 •  December 11

Composites Germany, an organisation consisting of four German associations, has reinstated Michael Effing as its chairman of the board for the fourth consecutive year. Effing is currently chairman of the Federation of Reinforced Plastics (AVK) and managing director of AMAC GmbH. AVK, along with Carbon Composites e.V. (CCeV), CFK Valley (CFK-Valley)...

Plastics News Europe

 •  December 11

Apart from a temporary lull in November, petrochemical feedstock costs were on an upward trajectory during the final quarter of the year spurred by rising crude oil and naphtha costs. In October, polymer producers targeted prices increases above the rise in raw material costs to improve their margins. However, a combination of better material...

Plastics News Europe

 •  December 11

Orion Engineered Carbons SA has completed the construction and upgrading of two production lines for speciality and technical rubber carbon blacks at its Yeosu, South Korea site, the company announced 7 Dec. The projects were both part of Orion’s strategy to transition to “higher value-added products” for speciality and technically demanding rubber...

Plastics News Europe

 •  December 11

L/LDPE L/LDPE producers targeted price hikes well above the €30/tonne rise in the ethylene contract price in October, but better availability undermined their plans. Polymer supply improved again after the end of the cracker maintenance turnarounds. Consequently, LDPE prices increased in line with ethylene, while LLDPE, where supply is tighter, saw...

Plastics News Europe

 •  December 8

UK parts manufacturer Linecross Group has invested £3.1m (€3.5m) in its production plant in Rutland, East Midlands of England, to mark its 50th anniversary. The manufacturer of vacuum-formed thermoplastic, polyurethane and injection moulded components said the investment was made in new equipment and a number of “innovative new products for several...

Plastics News Europe

 •  December 8

Sweden’s Nexam Chemical Holding Ab is acquiring 100% shares of the privately-owned Plasticolor Sweden AB, a manufacturer of masterbatch products, and thereby adding masterbatch capability to its offerings. The purchase price for the masterbatch producer, which has production facilities in four countries, was SEK116m (€11.6m), of which SEK22.2m...

Plastics News Europe

 •  December 8

Photo by Blue Diamond Industries LLC Hexatronic Group AB of Sweden, a manufacturer of fibre optic products, is acquiring Blue Diamond Industries LLC, the second-largest high density polyethylene conduit company in the United States. Gothenburg-based Hexatronic will buy BDI for an enterprise value of $24.5m (€21m) with an additional purchase...

Plastics News Europe

 •  December 8

Trelleborg Sealing Solutions (TSS) is expecting to move to its new global headquarters in Stuttgart, Germany by June 2018, according to the company. The company has confirmed that that work on the new Innovation Center building in Stuttgart, which will house the business area’s global HQ, its German HQ and various support departments, was going as...

Plastics News Europe

 •  December 8

Formosa Mitsui Advanced Chemicals Co. (FMAC), a joint venture of Mitsui Chemicals and Formosa Plastics Corp., has completed the expansion of the production facility for electrolyte solution for lithium-ion batteries in Ningbo, China. The capacity expansion aims to support the growing demand in China, as electric and hybrid vehicles gain prominence...