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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AkzoNobel Specialty Chemicals finalized an agreement today to acquire Brazilian firm Polinox, South America’s leading producer of ketone peroxides, essential in the manufacture of polymers. The acquisition will expand the company’s footprint in South America, and establish it as one of the region’s leading producers of curing systems for polyester…

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CARBIOS, pioneer company in the field of bioplasturgy, announces new results in the optimization of its biorecycling process of waste PET plastics. The hydrolysis of PET plastics into their original building-blocks now reaches a conversion rate of 97% in only 16 hours. Last April, CARBIOS had already divided by three…

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Global specialty materials company Eastman introduces Eastman Amphora™ SP1621 3D polymer — its first-ever powder-based material for industrial 3D printing. Amphora SP1621 powder will be manufactured in collaboration with Advanced Laser Materials (ALM), a company specializing in material research, development and consultation for industrial 3D printing, otherwise known as additive…

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Borealis, a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers, announces that it has signed an agreement for the acquisition of 100% of the shares in Ecoplast Kunststoffrecycling GmbH (“Ecoplast”), an Austrian plastics recycler. This transaction is subject to regulatory approvals. Based in Wildon,…

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Polytek® Development Corp., a manufacturer of specialty polymers for mold making and casting applications, announced today the acquisition of Alumilite Corporation. The acquisition was assisted by MPE Partners and will further enhance their investment portfolio. Founded in 1988 and located in Kalamazoo, Michigan, Alumilite Corporation is a formulator and supplier…

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German chemicals group Evonik (EVKn.DE) has started the auction process for its methacrylates plastics unit, which makes clear acrylic sheets, people close to the matter said. The company announced plans in March to sell the business as it looks to focus on faster-growing sectors, such as feed additives and rubber…

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Odebrecht SA is set to agree on the sale of its controlling stake in petrochemical firm Braskem SA (BRKM5.SA) to LyondellBasell Industries NV (LYB.N) by mid-October, newspaper Valor Econômico reported on Tuesday. By then, state-controlled oil company Petróleo Brasileiro SA (PETR4.SA) will decide whether to include its own stake in…

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RL Hudson has completed the acquisition of Colorado-based Rapid Production Tooling, Inc., a technically superior injection mold tooling company. The acquisition will allow RL Hudson to leverage additional technology and capability to provide turnkey service to customers. From material development, to part and mold design, to prototype and production parts,…

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BASF  is considering building a chemical production site in the South Chinese province of Guangdong, which the German chemicals group said would be its first wholly-owned plant in China. China unveiled only last month a long-anticipated further easing of foreign investment curbs as Beijing moved to fulfill its promise to…

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AkzoNobel Specialty Chemicals has officially broken ground for construction of a state-of-the-art organic peroxide production facility in Tianjin, China. Organic peroxides are essential in the manufacture of a wide range of polymers including PVC and thermoset resins. The €90-million facility, located in the Tianjin Nangang Industrial Zone, will replace the…

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