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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BASF PETRONAS Chemicals plans to expand its production capacity of the acrylic acid plant and butyl acrylate plants at its Verbund site in Kuantan, Malaysia. The capacity expansion is expected to come on stream by 2021. The expansion aims to support the growing demand for acrylic monomers in Asia Pacific.…

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Pexco LLC, a leading North American specialty plastics extruder, expanded its portfolio with the acquisition of Custom Extrusion, Inc., a profile extruder with facilities in Massachusetts and North Carolina. According to Pexco officials, Custom Extrusion, Inc. was founded in Massachusetts in 1957 and experienced some of its earliest success in…

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France plans to make bottles produced with recycled plastic cheaper than bottles made from virgin plastic and will further tighten regulation on plastics use, a government minister said. Junior Environment Minister Brune Poirson told the “Le Journal du Dimanche” (JDD) weekly that the government also plans to increase taxes on…

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KBR, Inc. announced today that it has been awarded a license and engineering and a proprietary equipment supply contract by China Pingmei Shenma Group (PMSM) to build two new polycarbonate plants in Kaifeng and Pingdingshan in the Henan Province in China. Under the terms of the contracts, both 100,000 metric…

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PolyOne Corporation, the global major of specialized polymer materials, is set to acquire India's leading engineering plastic compound maker Formulated Polymers Ltd. The $3.2 billion PolyOne, which operates through subsidiary Polymer Polymers India Ltd in India, will acquire a majority stake in a deal worth Rs.150 crore, according to two…

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BASF today introduced an advanced grade of thermoplastic polyurethane (TPU) which can significantly improve production of shoe shanks and decorative shoe parts in high-performance shoes while providing excellent mechanical properties, such as UV resistance. The new Elastollan® TPU grade is also compatible with automation, allowing parts to be easily removed…

Wednesday, Aug 08, 2018
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Austin Foam Plastics, Inc., a leading provider of engineered packaging solutions, announces its acquisition by Sealed Air and will integrate into their Product Care Division. April O'Hearn Abello, CEO of AFP, Inc., stated: "This acquisition allows AFP to act for the future together with one of our strongest and most…

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Intertape Polymer Group Inc announced today's closing of the previously-announced transaction to acquire 100% of the outstanding equity value in Polyair Inter Pack Inc. (“Polyair”), a North American supplier of protective packaging with headquarters in Toronto, Ontario and Chicago, Illinois. The aggregate purchase price of the transaction is approximately $146…

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Pact Group subsidiary Alto Packaging has developed the new 750ml and 1.5litre milk bottles made from 100% recycled plastic polyethylene terephthalate (rPET) for Lewis Road, a milk producer in New Zealand. Malcolm Bundey Managing Director and CEO of Pact Group says “Pact is proud to have designed and manufactured these…

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Ascend Performance Materials, the world's largest fully integrated manufacturer of nylon 6,6 resin, today announced the acquisition of engineering plastics in the Netherlands Composite manufacturer Britannia Techno Polymer (BTP). The acquisition gives ASL a leading European engineering plastics manufacturing base and expands its growing portfolio of proprietary compounds. Phil McDivitt,…

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