NEWS

Our news section covers latest news in plastics industry/technology that helps to power the business and customer experiences by providing the latest plastics industry news. Our international business news accelerates customer centricity and agility. They allow our potential clients for continual refinement.

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LyondellBasell Industries NV  is close to presenting a binding offer to acquire control of Brazilian petrochemical company Braskem SA, two people with knowledge of the matter said. LyondellBasell is discussing the extension of a long-term naphtha supply contract with Petroleo Brasileiro SA (PETR4.SA) seen as pivotal to valuing Braskem, and…

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INVISTA’s technology and licensing group, INVISTA Performance Technologies (IPT), and Jiangsu Honggang Petrochemical Co., Ltd. (Honggang) have reached agreement for the licensing of INVISTA’s latest purified terephthalic acid (PTA) process technology. This is the first time that INVISTA and Honggang would be collaborating to build state-of-the-art PTA assets; a further…

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China XD Plastics Company Limited, one of China's leading specialty chemical companies and top 500 non-Stated Owned Enterprises in China's manufacturing sector engaged in the development, manufacture and sale of polymer composite materials primarily for automotive applications, today announced the commissioning of its digital and automatic production base specialized in…

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LyondellBasell, the world’s largest licensor of polyolefin technologies, today announced that China Petrochemical International Co., Ltd (Sinopec International) and Sinopec-SK(Wuhan) Petrochemical Company Ltd., (Wuhan) have selected the LyondellBasell Hostalen “Advanced Cascade Process” (Hostalen ACP) technology. The low-pressure slurry process technology will be used for a 300KTA high density polyethylene (HDPE)…

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Krones, a leading manufacturer of filling and packaging solutions, has acquired MHT Holding AG (MHT). MHT, based in Hochheim, Germany, together with its subsidiaries is providing injecting molding tools and services to the PET industry. The company generates approximately €25 million revenues with 125 employees. The acquisition of MHT closes…

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DuPont announced today that it is investing more than $80 million to build a new manufacturing facility in Zhangjiagang, Jiangsu Province in East China. The new facility will produce compounded high-end engineering plastics and adhesives to serve customers in transportation, electronics, industrial and consumer products markets. The planned site is…

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Tekni-Plex, Inc. has acquired Beyers Plastics, Puurs, Belgium, a cleanroom Class 7 extruder and converter of polyethylene (PE) film, from investment company FAMO N.V. Beyers will now become part of Tekni-Plex's Tekni-Films business unit. It specializes in producing PE packaging for the pharmaceutical, medical and other industries such as food,…

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Aerogel Technologies is constructing the world’s first pilot plant for volume production of large, mechanically robust polymer aerogel panels and films, to be built in Boston, Massachusetts. According to company officials, Aerogels are the world’s lightest solid materials, composed of up to 99.98% air by volume, known for their unparalleled…

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Arkema is expanding in engineering adhesives with the announcement of the acquisition of Afinitica, a Spanish company specializing in instant adhesives, also known as cyanoacrylates. This small targeted acquisition will enable Bostik to develop a solid position in adhesives used in markets with strong growth potential, including electronics and medical…

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CPS Performance Materials ("CPS"), a diversified specialty chemicals manufacturer of performance polymers, fine chemicals, and chemical illumination solutions, announced today the acquisition of FAR Chemical ("FAR") from Edgewater Capital Partners ("Edgewater").  The terms of the acquisition were not disclosed.  In 2017, Arsenal Capital Partners ("Arsenal") created CPS as a new…

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