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MEXICO CITY (March 18, 12:01 a.m. ET) -- The Society of the Plastics Industry Inc believes moving NPE to Orlando, Fla., from Chicago in 2012 and 2015 will help boost business with Latin America.
March 18, 2010
AUSTIN, TEXAS (March 18, 12:01 a.m. ET) -- The Association of Postconsumer Plastic Recyclers hopes to boost the recycling of rigid plastics beyond PET and high density polyethylene bottles by working with groceries to identify the obstacles to capturing the huge volumes of material which today is largely untapped. “Large grocery stores are generating roughly 350 million pounds [per year] of material,” said Elizabeth Bedard, director of the APR Rigid Plastics Recycling program.
March 18, 2010
MALMÖ, SWEDEN (March 18, 12:01 a,m. ET) — Thermoplastic elastomer compounding firm Hexpol AB is acquiring the VTC TPE group from polymer producer Vita plc for 35 million euros ($48 million).
March 18, 2010
KINGSPORT, TENN. (March 17, 12:55 p.m. ET) — Eastman Chemical Co. is buying specialty plasticizer maker Genovique Specialties for an undisclosed price. Genovique operates manufacturing plants in Chestertown, Md., Kohtla-Jarve, Estonia, and at a joint venture site in Wuhan, China. The firm, owned by private equity firm Arsenal Capital Partners of New York, posted sales of about $135 million in 2009.
March 17, 2010
PITTSFIELD, MASS.(March 17, 11:05 a.m. ET) -- Sabic Innovative Plastics LP is recalling 40 production employees this month at its major resin plant in Mount Vernon, Ind. The callback comes after 20 production workers were called back in January, according to site communications leader Sheila Naab. The callbacks "are mostly from attrition," Naab said by phone March 16.
March 17, 2010
ARLINGTON, VA. (March 17, 9 a.m. ET) -- Full-year 2009 totals from the American Chemistry Council show that massive boosts in exports created year-over-year growth in high density and linear low density polyethylene. Each of the six major commodity resins — HDPE, LDPE, LLDPE, polypropylene, polystyrene and PVC — tracked in the U.S. and Canada by Arlington, Va.-based ACC showed domestic sales losses in 2009 vs. 2008.
March 17, 2010
MEXICO CITY (March 17, 8:45 a.m. ET) -- Dow Chemical Co.’s director of plastic sales in Mexico has launched a blistering attack on biodegradable technology as a means of fighting plastic waste. Speaking in the name of 11 companies in Mexico that have agreed to promote plastics sustainability, Dow Química Mexicana’s Jorge Barreda said he doubts the biodegradable claims of certain firms.
March 17, 2010
MINNETONKA, MINN. (March 17, 12:01 a.m. ET) -- NatureWorks LLC announced March 15 that it plans to sell a range of polymer-grade lactides. NatureWorks plans to make 10,000–20,000 tons of its lactide product portfolio available annually through this new initiative.
March 17, 2010
ARLINGTON, VA.
(Updated March 18, 5:35 p.m. ET) — The rate of growth for plastic bag and film recycling has virtually ground to a halt. An examination of the data released March 16 by the plastics division of the American Chemistry Council found that the rate of growth in plastic bag and film recycling in 2008 was barely more than 0.25 percent. That’s even lower than in 2007 when the amount of material collected increased by 2.24 percent.
March 16, 2010
FRANKFURT, GERMANY (March 16, 5:40 a.m. ET) -- Producers of plastic materials, machinery and products saw slight growth during the last four months of the year, despite overall losses in 2009, PlasticsEurope Deutschland said in a March 10 briefing in Frankfurt.
March 16, 2010
MEXICO CITY (March 16, 12:01 a.m. ET) -- Brazilian petrochemicals giant Braskem SA and Mexico’s Grupo Idesa SA de CV have formalized an agreement with Pemex Gas y Petroquímica Básica to build a $2.5 billion petrochemical complex in Coatzacoalcos, Mexico, to include an ethylene cracker and three polymerization plants.
March 16, 2010
LAMBERTVILLE, N.J. (March 16, 12:01 a.m. ET) -- Breen Color Concentrates Inc., a supplier of custom color concentrates in Lambertville, has added the Quick Clean Color Change compounding line from Technical Process and Engineering Inc.
March 16, 2010
AUSTIN, TEXAS (March 15, 4:25 p.m. ET) -- While some are concerned that PLA packaging might contaminate the PET recycling stream, Mike Centers plans to develop a market for it. The recycling industry veteran -- who also sells sorting equipment to municipal materials recovery facilities -- has formed Biocor LLC in Concord, Calif., to buy post-consumer and post-industrial PLA and turn it back into lactic acid.
March 15, 2010
CHICAGO (March 15, 3:10 p.m. ET) -- Chuck Dana, group president of OwensCorning’s Composites Solutions Business, will deliver the keynote address at the SPE Thermoset Topical Conference (Topcon), scheduled for April 6-7 in Chicago.
March 15, 2010
PITTSBURGH (March 15, 1:20 p.m. ET) -- Bayer MaterialScience LLC of Pittsburgh has strengthened its strategic collaboration with Pultrall Inc., a Thetford Mines, Quebec-based manufacturer of pultruded composite profiles for such markets as automotive, medical, utilities, agriculture and construction.
March 15, 2010
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