Tuesday, 21-Jul-09
Snappy innovation for plastics packaging
OYONNAX, FRANCE (July 21, 2009) -- The breakage-resistant property of plastics is an advantage in most applications but not in production of ampoules, which are opened by snapping away the neck. Now,
the French plastic processor Sériplast has developed a technology that uses irradiation to embrittle the neck of a polypropylene (PP) ampoule, allowing it to be "snapped" open without the risk of
sharp glass splinters.
UK manufacturers better placed for growth than US firms
LONDON (July 21, 2009) -- The relative smaller size of the UK’s manufacturing firms compared to the giants of China, the US and elsewhere has made them more able to adapt quickly to the changing
environment, according to a recent study by business consultancy McKinney Rogers.
Global additives market set to grow
WELLESLEY, MASS. (July 21, 2009) -- BCC Research is predicting growth for the global plastics additives market despite the current tough economic conditions. This resilience stems from the culmination
of lengthy restructuring within the industry. The consultancy forecasts a compound annual growth rate of 4.1 percent over the next five years, which will increase the market size to $45.8 billion in
2014.
Sabic gets Chinese approval for Sinopec joint venture
BEIJING (July 21, 2009) Sabic has received approval from the Chinese National Development and Reform Commission (NDRC) to jointly participate with China Petroleum & Chemical Corporation (Sinopec) in
the petrochemical complex under construction in Tianjin, China. The development is expected to be completed in September 2009 with investments of around $3 billion.
SPI cuts 11 staffers amid downturn
WASHINGTON (July 21, 2009) -- Stung by several economic realities, the Society of the Plastics Industry (SPI) is cutting staff, folding its business units into its three industry councils and
retrenching to focus on public policy issues, communications and marketing, and trade shows and conferences.
Nissei adds nanomaterials to its stable
CHICAGO (July 21, 2009) -- Nanotechnology is one of the hottest areas of the plastics industry today. Injection press maker Nissei Plastic Industrial Co. Ltd. has taken it a step farther — by
compounding its own carbon nanotubes.
LME takes plastics off trading floor
LONDON (July 21, 2009) -- The London Metal Exchange has reported better-than-expected half-year trading volumes, but plastics is coming off the trading floor at the start of 2010 with trading to
continue via telephone and through the exchange’s online system called LMESelect.
Global materials deals poised for uptick
AKRON, OHIO (July 21, 2009) -- The mergers and acquisitions market for plastic materials stumbled through the first half of 2009, when a number of big deals closed under less-than-ideal circumstances.
But global M&A activity could rebound in the year’s second half.
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