NEWS

For our visitors who seek the latest industry news and updates to keep abreast with the goings-on of the business on a global scale, this portal grants a dynamic and diverse feed of news items contemporaneous with the current affairs of the Plastics Industry.

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Jiangnan Mould & Plastic Technology Co Ltd Says co revises acquisition plan to buy 100 percent stake in Shenyang machinery firm instead of partial assets announced previously. Transaction amount for 100 percent stake in Shenyang machinery firm is 8.9 million yuan.   Source : reuters.com

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Nanogate AG, the Germany-based systems provider for high-tech surfaces and components, has acquired Jay Industries’ plastics division, Jay Plastics, making its one acquisition in the US. Jay Plastics is one of the leading US providers in this segment with a reputation for high-end components and performance surfaces. Nanogate expects to…

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The New Delhi-based Innovative Tech Pack Ltd (ITPL), one of the leading players in the Indian plastic packaging industry, has bagged a 5-year contract from Dabur India Ltd for the supply of PET for the FMCG major’s plants in India, Bangladesh and Nepal. "The company was awarded this contract as…

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INEOS Compounds announced today that it has entered into a licence agreement with Resysta International GmbH. Under the terms of the Agreement, INEOS will acquire the rights to the exclusive production and marketing of Active Resysta Filler (ARF) in Europe.ARF is the key raw material for the production of Resysta…

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Granula AG, a masterbatch producer based in Merenschwand, Switzerland and SOM SHIVA (IMPEX) LTD, an Indian plastics company, have announced the formation of their joint venture in India under the name Granula Masterbatches India Pvt. Ltd. The new production facilities will primarily produce and sell color masterbatches and additives in…

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Ortec, a leading biomaterial and polymer technology company, is expanding its existing operations in Anderson County, South Carolina. Complementing recent growth at its facilities in both Pickens and Greenville Counties, the company intends to invest $20 million and create 60 new jobs in Anderson County. To expand in Anderson County,…

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A massive plastic recycling-to-diesel fuel operation costing hundreds of millions of dollars is planned for rural Indiana. It’s a project that aims to divert millions of pounds of waste plastics created by automobile shredders from landfill disposal each year. GEP Fuel & Energy Indiana said its project that will begin…

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Celanese Corporation (CE), a global technology and specialty materials company, today announced it has completed the transaction to acquire the Forli, Italy based SO.F.TER. Group, one of the world’s largest independent thermoplastic compounders. Celanese has acquired SO.F.TER. Group’s comprehensive product portfolio of engineering thermoplastics (ETPs), thermoplastic elastomers (TPEs), as well…

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Abu Dhabi Ports has signed a Musataha agreement with Integral Plastic Industries Company to build a new manufacturing plant in Khalifa Industrial Zone (Kizad) with an investment of Dh10 million ($2.7 million). The agreement was signed by Mana Mohammed Saeed Al Mulla, CEO of Kizad, and Khaled Al Saleh, CEO…

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Borealis, a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers, and Asmidal signed a Memorandum of Understanding on 22 November 2016. The document reflects the parties' interest in evaluating opportunities to jointly develop a melamine production project in Algeria. A feasibility study for this…