Plastics News Europe

Plastics News Europe
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Plastics News Europe

 •  February 23

German speciality chemicals company Lanxess AG is planning to invest €5m in expanding production capacity for Macrolex polymer dyes at its site in Leverkusen, Germany. In a 22 Feb statement, the German company said the investment will see a 25% increase in current production capacity, which will be available at the end of 2018. “With this capacity...

Plastics News Europe

 •  February 23

Houston-based Westlake will add a total of 750 million pounds of annual PVC production and 200 million pounds for VCM with those moves, officials said in a 19 Feb news release. Expansions in Geismar, Louisiana, and Burghausen, Germany, are scheduled to be completed in 2019. Work in Gendorf, Germany, is expected to be done in 2020 and...

Plastics News Europe

 •  February 23

Bangkok-based Indorama Ventures Public Co. Ltd (IVL), has posted strong results, with 30% growth in earnings (EBITDA) at $1bn (€811m), thanks to its PET restructuring. For the full year, the company delivered 17% increase in revenue at $8.43bn (€6.85bn), compared to 2016. The growth in sales was led by “strong growth in all business segments”,...

Plastics News Europe

 •  February 23

Polymer distributor Ultrapolymers has extended the scope of its distribution agreement with INEOS and Lyondellbasell to increase offerings in pharma and medical industry. In a 22 Feb statement, the distributor said it had extended the scope of its distribution agreement for INEOS Styrolution Styrenic Specialties to cover Europe. Also, the...

Plastics News Europe

 •  February 23

Austrian packaging specialist, Constantia Flexibles Group is making a “single-digit million euro” investment in its toppers plant in Rybnik, southern Poland, the company announced 22 Feb. The expansion in ‘Constantia ColorCap’ aims to cater for growing demand in the dairy industry and will include investment in plant infrastructure and new...

Plastics News Europe

 •  February 22

Baden, Austria-based Schur Flexibles Group has acquired two Dutch premium packaging manufacturers, Cats-Hänsel and Nimax BV, for an undisclosed amount. The two companies were previously owned by Clondalkin Group, headquartered in Utrecht, the Netherlands, Schur said in a 13 Feb press release. Cats-Hänsel, specialised in wax-coated paper and...

Plastics News Europe

 •  February 22

French speciality chemicals supplier Arkema SA has seen “very good performance” in its full year results for 2017, thanks to its Bostik adhesive business and demand for lighter materials. Year-on-year earnings (EBITDA) was up 17% at €1.4bn on 10.5% higher sales at €8.3 billion, Arkema reported 22 Feb. At €1.39bn, Arkema said EBITDA reached an...

Plastics News Europe

 •  February 22

French automotive supplier Faurecia is building a new 250,000-square-foot interiors production facility in Blue Springs, Missouri. The company is investing more than $60m (€48.8m) in the project, which is expected to create 300 new jobs. The plant will be used to manufacture and assemble door and instrument panels for the North American auto...

Plastics News Europe

 •  February 21

Freedonia Group has published the sixth edition of its “Global Plastics Processing Machinery by Product and Market”. According to this latest report, the market for plastics processing equipment is expected to grow 5.6% annually through 2021, representing an improvement over the 2011-2016 period. More stable economic conditions will encourage...

Plastics News Europe

 •  February 21

UK-based food packaging expert Aegg has welcomed Olivier Chereau to its team as export manager. Chereau, a French national who has been living in the UK for the last 15 years, will lead the new export department, which was formed in response to expanding overseas demand for the company’s PS, PET, PP and glass food pots and bowls. Chereau has worked...