Tuesday, 28-Jul-09

Merquinsa bioplastics used in shoes, goggles
CHICAGO (July 28, 2009) -- Thermoplastic polyurethane make Merquinsa of Barcelona, Spain has placed its new renewably sourced materials in running shoes and ski goggles.

Sipa to launch its first integrated bottling line
VITTORIO VENETO, ITALY (July 28, 2009) -- Sipa will launch the Sincro Triblco bottler, which integrates bottle production, labelling, filling and sealing, at the Drinktec trade show later this year in Germany. Sipa claims that the new bottler offers advantages over other machines on the market, as it can be set to handle different bottle sizes without the need to change any mechanical element.

US water brand adopts “biodegradable” PET
DANA POINT, CALIF. (July 28, 2009) -- Californian mineral water bottler Aquamantra has adopted Eco-Pure modified PET resin for its bottles, which is claimed to provide biodegradability without compromising conventional mechanical recycling activities.

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 SĂ©riplast 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.

Chen Hsong sees signs of improving business
HONG KONG (July 21, 2009 ) -- Hong Kong-based injection press maker Chen Hsong Holdings Ltd., which has seen its sales plummet 30 percent, is telling financial markets that future prospects look uncertain but that it sees signs that the worst of the economic crisis is behind it.

Tuesday, 14-Jul-09

Hayco places 14-machine order with Ferromatik
HONG KONG (July 14, 2009) -- German injection machinery maker Ferromatik Milacron announced this week it has received an order for 14 machines ranging up to 650 metric tons from Hayco Manufacturing Ltd. of Hong Kong. The first seven machines will be delivered to Hayco’s manufacturing plant in Shenzhen, Guangdong province, before the end of the year.

Chinese exhibitors give mixed feedback on NPE
CHICAGO (July 14, 2009) -- With the weak economy and attendee registrations for June’s NPE show dropping close to 30 percent, deciding whether to exhibit this year proved to be a tough choice. It was clear in interviews with Chinese and other Asian exhibitors there that this year’s show was decidedly mixed for them, with some reporting disappointing results and others saying sales leads were solid.

US renewing antidumping duties on Asian plastic bags
WASHINGTON (July 14, 2009) -- The U.S. Department of Commerce is conducting an annual administrative review of a 2004 antidumping order on imports of plastic grocery and shopping bags from Malaysia, China and Thailand. The agency will announce its preliminary ruling on whether to continue existing antidumping duties bags imported from China on July 22.

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