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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Engineering resins distributor PolySource LLC has acquired a stake in Mexican distribution firm Resinal de México S de RL de CV, and has formed a three-way partnership with Resinal and U.S. compounder Omni Plastics Inc. The partnership will serve the Mexican plastics market, officials said in a Sept. 20 news…

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Polyethylene film and sheet extruder Commex Corp. of Hayward, Calif., is installing more equipment from Windmöller & Hölscher KG of Lengerich, Germany, and adding space. Commex is installing a W&H three-layer Varex II blown film extrusion line with a width of 86.6 inches, output in the range of 1,700-2,000 pounds…

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Borealis AG has announced a feasibility study for a potential propane dehydrogenation (PDH) plant in Belgium to support European supply of polypropylene and propylene. The Vienna-based group called the PDH project “world-scale”, which would have a targeted annual production capacity of 740,000 metric tons per year, “making it one of…

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Sumitomo Chemical Co Ltd to make plastic compound in India - Nikkei. Sumitomo Chemical plans to install production equipment with annual capacity of 5,000 tons at Chennai facility for some 500 mln yen to 1 bln yen.   Source : reuters.com

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Jiangnan Mould & Plastic Technology Co Ltd Says it cuts convertible bonds issue size to 813.7 million yuan ($121.97 million) from 900 million yuan.   Source : reuters.com

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Monaco-based auto parts supplier Mecaplast Group has joined a stream of suppliers heading for Morocco as it plans to launch a car component injection molding plant at Kenitra in 2017. The firm is to invest up to 30 million euros ($33.4 million) to construct a 10,000-square-meter Moroccan unit to turn…

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Hefty Energy Bag - a unique program designed to convert previously non-recycled plastics into energy, recently launched in the Omaha area. Plastics collected through the program will be sorted at a local recycling facility and converted into energy used in cement production. The program’s initial phase could divert an estimated…

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Taiwanese resin maker Swancor Holding Co Ltd (??) yesterday said it is establishing a local subsidiary for chemical products and would invest US$7 million in it. Swancor operates a chemical factory in Nantou, as well as factories in Shanghai and Tianjin in China. A new plant in Jiangsu, China, is…

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The country imported CNY126.9bn (£14.6bn)-worth of plastic resins in the first six months of 2016, down 10.2% on the same period last year, according to new data. During the same time period, China’s domestic resin output increased by 7.7% to 39.8 million tonnes. China also saw its export of processed…

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A new $24 billion Chinese refinery that’ll use as much crude oil as some of Asia’s biggest plants is set to take on rivals by helping make plastic bottles rather than fuel for cars. Rongsheng Petrochemical Co. has cleared more than 10,000 acres of land in Zhoushan island to build…