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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Royal DSM, a global science-based company active in health, nutrition and materials, today announced that it has acquired the technology and other assets of “Sunshine” (Suzhou SunShine New Materials Technology Co., Ltd.) - the manufacturer of a novel, high-performance solar photovoltaic (PV) backsheet based on co-extrusion technology. In 2016, DSM…

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Covestro, the plastics maker that parent Bayer plans to divest, reported a bigger-than-expected earnings gain for the fourth quarter, as rivals' tight supplies helped it reverse a more than year-long trend of price declines. The maker of foam chemicals and transparent plastics said quarterly earnings before interest, taxes, depreciation and…

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Croda Polymer Additives has announced plans to invest in the expansion of its amide capacity at their manufacturing site in Hull, United Kingdom.  The expansion is in line with the group’s long term capital investment plan and will enable Croda to satisfy their customers growing demand for slip additives into…

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Clariant's Chief Executive Hariolf Kottmann has doused speculation the Swiss speciality chemical maker could soon unload its plastics and coatings business and use the proceeds to buy a big, faster-growing target. Kottman spun off the business, Clariant's largest with $2.5 billion in annual sales, into a separate subsidiary in 2015,…

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China XD Plastics Co Ltd - offer for us$5.21 per share of common stock in cash. China XD Plastics announces receipt of preliminary non-binding "going private" proposal. China XD Plastics Co Ltd - board has established a special committee of disinterested directors to consider proposal. Says proposal letter states buyer…

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Clariant, a world leader in specialty chemicals, announced today that it has been awarded a contract by Dongguan Grand Resource Science & Technology Co. Ltd. to develop a new propane dehydrogenation unit in cooperation with CB&I. The project includes the license and engineering design of the unit, which is to…

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Caps & closure manufacturer Oriental Containers Ltd, the wholly owned subsidiary of Oricon Enterprises Ltd, has expanded the capacity of plastic closures at its Murbad (Maharashtra) facility by 1.2 billion. “The company has completed expansion of its plastic closures manufacturing capacity at a cost of Rs 35 crores at Murbad…

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A ribbon cutting ceremony was held Wednesday for a plastics manufacturer that has set up shop in Dover, hiring 40 additional workers and planning to employ more. Dana Poly, a manufacturer of plastic bags and films, moved from Linden after more than 25 years at the end of October. Owner…

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Victrex and Tri-Mack Plastics Manufacturing Corporation have established a joint venture, TxV Aero Composites, to accelerate the commercial adoption of polyketone (PAEK*) composite applications within the aerospace industry, through the manufacture of parts utilizing new and innovative processes. The multi-million dollar investment includes the establishment of a new US-based manufacturing…

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Unitika Ltd Says co sets up synthetic resins JV in Thailand named as Unitika Advance(Thailand) Co Ltd on Feb. 6, jointly with Osaka-based plastic maker Terabo Co Ltd and Thailand-based firm Kosen Fibertec (Thailand) Co Ltd. Co holds 60 percent stake in JV. Previous plan was disclosed on Nov. 25,…