Wanhua to take over BorsodChem in Hungary
LONDON (March 12, 2010) -- China’s Wanhua Industrial group has won the option to take over the Hungarian PVC group BorsodChem within two years in return for providing €140 million (1.3 billion
yuan) to help fund the indebted chemical firm’s expansion.
Australia green building rules revised in favor of PVC
SYDNEY, AUSTRALIA (March 8, 2010) -- Sydney-based Green Building Council of Australia (GBCA） has revised its previously negative view on PVC materials. The new system for rating the plastic should
be in force by April.
Coal-based PVC maker continues expansion in China
URUMQI, CHINA (March 5, 2010) -- Xinjiang Zhongtai Chemical Co. Ltd., based in Urumqi, plans to add more PVC capacity, as it expects PVC price and market demand to rise in 2010.
Two Thai petrochemical projects allowed to proceed
BANGKOK (March 4, 2010) -- Petroleum Authority of Thailand plc said the Supreme Administrative Court has allowed construction to proceed at two of its projects in the Map Ta Phu industrial zone, but
15 others were still suspended.
Innovative materials open door to medical markets
 Tritan copolyester
Chinese PP recycler filing IPO in Australia
QUANZHOU, CHINA (February 28, 2010) -- One of China’s largest makers of polypropylene filament yarns wants to use a stock offering in Australia to expand its business using recycled PP feedstock,
believing a focus on green materials gives a cost advantage and better meets rising demand for eco-products.
Compounder Ngai Hing Hong reports modest profit
HONG KONG (February 28, 2010) -- Growth in China’s economy allowed Hong Kong-based compounder Ngai Hing Hong Co. Ltd. to turn around losses and show a modest profit in the second half of 2009, even
as overall sales fell.
Korea comes to the aid of Uzbek petrochemicals industry
SOUL, SOUTH KOREA (February 26, 2010) -- South Korea has agreed to assist the former Soviet state of Uzbekistan to develop its petrochemicals industry through a bilateral investment deal.
Indian firm buying Chemtura's PVC additives business
MIDDLEBURY, CONN. (February 24, 2010) — Chemtura Corp. has a deal to sell its PVC additives business to Artek Aterian Holding Co. LLC, a company backed by Indian chemical company Artek Surfin
Chemicals Ltd. and New York investment firm Aterian Investment Partners Distressed Opportunities LP.
Cereplast names Huang sales director for Asia
AKRON, OHIO (February 22, 2010) -- Bioresin maker Cereplast Inc. of Hawthorne, Calif. named Simon Huang as director of sales and marketing for Asia. Huang, born in Beijing, will be spending six months
a year in China and the Asia-Pacific region.
Study quantifies PET bottle lightweighting
ALEXANDRIA, VA. (February 19, 2010) -- According to a newly-released industry study, between 2000 and 2008, the weight of 16.9-ounce, single-serve PET water bottles dropped by nearly 33 percent. In
2008 alone, the bottled water industry saved 445 million pounds of PET by reducing bottle weights.
Coca-Cola aims to make PET more sustainable
 Huang
OECD: Bisphenol A has no effect on the nervous system
LONDON (February 18, 2010) -- A new Organization for Economic Co-operation and Development (OECD) guideline study has concluded that Bisphenol A has no effect on the nervous system. The findings are
published in the peer-reviewed journal, Toxicological Sciences.
China's masterbatch sector growing 8 percent annually
BRISTOL, ENGLAND (February 12, 2010) -- While the global recession has dented China’s masterbatch industry, the sector continues to grow at around 8 percent a year, in volume terms.
Solvay setting up three Asia R&D centers
BRUSSELS, BELGIUM (February 12, 2010) -- Trying to better tap into growing research in Asia, European chemical giant Solvay Group said it will set up three research, development and technology centers
there to tailor products for the region and build stronger ties with local universities.
PE capacity growth shifts to Asia and Middle East
LONDON (February 9, 2010) -- While Europe and North America will not see major growth in polyethylene production capacity over the next five years, the Asia-Pacific and Middle East regions will
account for more than 80 percent of planned PE capacity additions.
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Plastics News' extensive coverage of NPE2009, North America's largest plastics trade show, included 17 news videos
shot on-site in Chicago. View the English-language clips here.
